The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,392,177 shares of the financial services provider’s stock after selling 23,090 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.39% of The Carlyle Group worth $59,947,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CG. Cetera Investment Advisers grew its holdings in The Carlyle Group by 292.1% during the first quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock worth $1,574,000 after acquiring an additional 25,002 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of The Carlyle Group by 182.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock valued at $15,551,000 after purchasing an additional 250,021 shares in the last quarter. Comerica Bank lifted its stake in shares of The Carlyle Group by 44.5% in the 1st quarter. Comerica Bank now owns 184,420 shares of the financial services provider’s stock valued at $8,651,000 after purchasing an additional 56,811 shares during the period. SMH Capital Advisors Inc. purchased a new stake in The Carlyle Group during the second quarter worth $636,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in 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 valued at $3,659,000 after buying an additional 18,614 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

CG has been the topic of a number of analyst reports. StockNews.com upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday. Wells Fargo & Company boosted their price objective on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. JMP Securities reiterated a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a research report on Wednesday, October 9th. Barclays upped their price objective on shares of The Carlyle Group from $50.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $53.33.

Insider Buying and Selling at The Carlyle Group

In other news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 transaction of $335,443.93. Following the completion of the sale, the insider now owns 4,767,697 shares of the company’s stock, valued at $11,966,919.47. This trade represents a 2.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,171,556 shares of company stock worth $29,222,475 over the last quarter. 27.20% of the stock is currently owned by company insiders.

The Carlyle Group Stock Performance

NASDAQ CG opened at $53.23 on Friday. The Carlyle Group Inc. has a fifty-two week low of $34.13 and a fifty-two week high of $55.11. The firm has a market capitalization of $19.04 billion, a P/E ratio of 183.55, a price-to-earnings-growth ratio of 1.39 and a beta of 1.70. The stock’s fifty day moving average is $49.17 and its two-hundred day moving average is $44.31. 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 Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The firm had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The Carlyle Group’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business earned $0.87 earnings per share. On average, research analysts anticipate that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Announces Dividend

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