MetLife Investment Management LLC Reduces Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

MetLife Investment Management LLC cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 4.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,824 shares of the financial services provider’s stock after selling 4,934 shares during the period. MetLife Investment Management LLC’s holdings in The Carlyle Group were worth $4,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CG. FMR LLC lifted its stake 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 purchasing an additional 1,707,520 shares during the period. Massachusetts Financial Services Co. MA raised its position in The Carlyle Group by 17,468.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock worth $68,887,000 after acquiring an additional 1,705,982 shares during the period. Marshall Wace LLP purchased a new position in The Carlyle Group in the 2nd quarter valued at about $37,009,000. National Bank of Canada FI boosted its stake in shares of The Carlyle Group by 89.3% in the second quarter. National Bank of Canada FI now owns 764,765 shares of the financial services provider’s stock worth $30,269,000 after acquiring an additional 360,729 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of The Carlyle Group by 182.1% during 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. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Stock Up 1.0 %

Shares of NASDAQ CG opened at $53.23 on Monday. The stock has a market cap of $19.04 billion, a P/E ratio of 183.55, a PEG ratio of 1.41 and a beta of 1.70. The business’s fifty day simple moving average is $49.36 and its 200-day simple moving average is $44.41. The Carlyle Group Inc. has a 12-month low of $34.13 and a 12-month 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 Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data 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 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 business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. As a group, equities analysts predict that The Carlyle Group Inc. will post 3.77 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

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

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’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 sale, the insider now directly owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was 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. The trade was 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 over the last quarter. 27.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CG has been the subject of a number of research reports. Oppenheimer upped their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods increased their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th. UBS Group lifted their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Redburn Atlantic assumed coverage on The Carlyle Group in a research note on Tuesday, August 27th. They set a “buy” rating and a $55.00 target price for the company. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 price target on shares of The Carlyle Group in a research note on Wednesday, October 9th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $53.33.

The Carlyle Group 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.