The Carlyle Group Inc. (NASDAQ:CG) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc lifted its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,183 shares of the financial services provider’s stock after acquiring an additional 569 shares during the period. CIBC Asset Management Inc’s holdings in The Carlyle Group were worth $525,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC acquired a new stake in shares of The Carlyle Group during the 1st quarter worth approximately $228,000. UniSuper Management Pty Ltd raised its position in The Carlyle Group by 121.4% in the first quarter. UniSuper Management Pty Ltd now owns 3,100 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 1,700 shares during the period. Lake Street Advisors Group LLC purchased a new position in shares of The Carlyle Group during the 1st quarter worth $354,000. National Bank of Canada FI increased its position in shares of The Carlyle Group by 58.8% during the 1st quarter. National Bank of Canada FI now owns 404,036 shares of the financial services provider’s stock worth $18,953,000 after purchasing an additional 149,612 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its position in The Carlyle Group by 167.0% in the first quarter. EntryPoint Capital LLC now owns 1,928 shares of the financial services provider’s stock valued at $90,000 after buying an additional 1,206 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

CG has been the topic of a number of research analyst reports. Redburn Atlantic initiated coverage on shares of The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price target on the stock. JMP Securities restated a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a research report on Wednesday, October 9th. UBS Group increased their target price on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. StockNews.com raised The Carlyle Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, 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. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and an average target price of $53.33.

Insider Activity

In other news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 133,643 shares of The Carlyle Group stock in a transaction that occurred on Monday, October 7th. The shares were 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 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 disclosure for this sale can be found here. Over the last three months, insiders sold 2,171,556 shares of company stock valued at $29,222,475. Insiders own 27.20% of the company’s stock.

The Carlyle Group Stock Performance

Shares of CG opened at $51.23 on Thursday. 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 Carlyle Group Inc. has a 52-week low of $31.79 and a 52-week high of $54.52. The stock has a 50 day moving average price of $47.75 and a 200 day moving average price of $43.86. The company has a market capitalization of $18.32 billion, a price-to-earnings ratio of 176.66, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70.

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

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.73%. The ex-dividend date is Monday, November 18th. The Carlyle Group’s payout ratio is currently 482.76%.

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.