The Carlyle Group Inc. (NASDAQ:CG) Stock Position Lifted by Bank of Montreal Can

Bank of Montreal Can grew its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 248,388 shares of the financial services provider’s stock after acquiring an additional 3,297 shares during the period. Bank of Montreal Can owned 0.07% of The Carlyle Group worth $10,827,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Cetera Investment Advisers lifted its stake in The Carlyle Group by 292.1% in the first quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock valued at $1,574,000 after acquiring an additional 25,002 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in The Carlyle Group by 182.1% in the second quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock worth $15,551,000 after purchasing an additional 250,021 shares in the last quarter. SMH Capital Advisors Inc. acquired a new position in The Carlyle Group during the second quarter worth $636,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of The Carlyle Group by 25.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 91,137 shares of the financial services provider’s stock worth $3,659,000 after buying an additional 18,614 shares during the last quarter. Finally, Cetera Advisors LLC acquired a new position in shares of The Carlyle Group during the 1st quarter valued at about $773,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 133,643 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the sale, the insider now directly owns 4,767,697 shares in the company, valued at approximately $11,966,919.47. This trade represents a 2.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,171,556 shares of company stock valued at $29,222,475 in the last ninety days. Insiders own 27.20% of the company’s stock.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock opened at $53.23 on Monday. The Carlyle Group Inc. has a twelve month low of $34.13 and a twelve month high of $55.11. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The firm has a market cap of $19.04 billion, a P/E ratio of 183.55, a price-to-earnings-growth ratio of 1.41 and a beta of 1.70. The firm’s 50-day simple moving average is $49.36 and its 200-day simple moving average is $44.41.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The Carlyle Group’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. As a group, research analysts expect that The Carlyle Group Inc. will post 3.77 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is currently 482.76%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CG shares. Morgan Stanley upped their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. JPMorgan Chase & Co. upped their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Finally, StockNews.com raised The Carlyle Group from a “sell” rating to a “hold” rating in a report on Saturday. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $53.33.

About The Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.