Wellington Management Group LLP Purchases 2,055 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Wellington Management Group LLP grew its position in The Carlyle Group Inc. (NASDAQ:CG) by 32.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,320 shares of the financial services provider’s stock after acquiring an additional 2,055 shares during the period. Wellington Management Group LLP’s holdings in The Carlyle Group were worth $358,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CG. Tobam acquired a new position in shares of The Carlyle Group during the second quarter worth approximately $27,000. Blue Trust Inc. lifted its holdings in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after buying an additional 643 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of The Carlyle Group in the 3rd quarter valued at $33,000. Rothschild Investment LLC bought a new stake in shares of The Carlyle Group during the second quarter worth $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 1,600 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays boosted their price objective on The Carlyle Group from $57.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Oppenheimer raised their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Wells Fargo & Company upped their target price on shares of The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Evercore ISI raised their price target on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Finally, Redburn Atlantic began coverage on The Carlyle Group in a report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $54.00.

The Carlyle Group Stock Up 2.4 %

Shares of CG stock opened at $50.22 on Friday. The Carlyle Group Inc. has a 12-month low of $36.65 and a 12-month high of $55.11. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The firm has a fifty day moving average of $51.52 and a 200-day moving average of $45.26. The company has a market capitalization of $17.96 billion, a price-to-earnings ratio of 173.17, a P/E/G ratio of 1.45 and a beta of 1.69.

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

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a $0.35 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.79%. The Carlyle Group’s payout ratio is currently 482.76%.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the transaction, the insider now directly owns 3,643,231 shares of the company’s stock, valued at approximately $7,796,514.34. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the sale, the director now owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,171,556 shares of company stock valued at $29,222,475 in the last three months. 27.20% of the stock is currently owned by corporate insiders.

The Carlyle Group Company Profile

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.