Geode Capital Management LLC Cuts Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Geode Capital Management LLC trimmed its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,883,602 shares of the financial services provider’s stock after selling 37,299 shares during the quarter. Geode Capital Management LLC owned 1.09% of The Carlyle Group worth $166,843,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ariel Investments LLC increased its holdings in The Carlyle Group by 1.1% in the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock valued at $198,250,000 after buying an additional 54,805 shares during the last quarter. FMR LLC increased its holdings in shares of The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after acquiring an additional 1,707,520 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of The Carlyle Group by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider’s stock worth $109,524,000 after acquiring an additional 55,662 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in The Carlyle Group by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,266,595 shares of the financial services provider’s stock worth $90,999,000 after purchasing an additional 137,541 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in The Carlyle Group by 22.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock valued at $90,740,000 after purchasing an additional 391,553 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CG. Oppenheimer upped their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. UBS Group raised their price objective on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. JPMorgan Chase & Co. lifted their price target on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen raised their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group presently has an average rating of “Hold” and a consensus target price of $54.00.

The Carlyle Group Stock Down 0.8 %

NASDAQ:CG opened at $52.64 on Monday. The firm has a market capitalization of $18.83 billion, a PE ratio of 181.52, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $55.11. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The stock has a 50 day moving average of $51.21 and a 200-day moving average of $45.07.

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 (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The company had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 earnings per share. Analysts predict that The Carlyle Group Inc. will post 3.77 EPS for the current year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is 482.76%.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 133,643 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $2.51, for a total transaction of $335,443.93. Following the sale, the insider now owns 4,767,697 shares of the company’s stock, valued at $11,966,919.47. The trade was a 2.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. 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 quarter. Corporate insiders own 27.20% of the company’s stock.

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.