Public Employees Retirement System of Ohio Trims Position in The Carlyle Group Inc. (NASDAQ:CG)

Public Employees Retirement System of Ohio reduced its position in The Carlyle Group Inc. (NASDAQ:CG) by 4.7% in the third quarter, Holdings Channel.com reports. The fund owned 79,516 shares of the financial services provider’s stock after selling 3,961 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in The Carlyle Group were worth $3,424,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ariel Investments LLC boosted its position in shares of The Carlyle Group by 1.1% during the 2nd quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock valued at $198,250,000 after acquiring an additional 54,805 shares during the last quarter. FMR LLC lifted its position in The Carlyle Group by 72.8% during the third 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 last quarter. Bank of New York Mellon Corp increased its holdings in shares of The Carlyle Group by 2.1% in 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 buying an additional 55,662 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of The Carlyle Group by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,266,595 shares of the financial services provider’s stock valued at $90,999,000 after buying an additional 137,541 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position 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 worth $90,740,000 after acquiring an additional 391,553 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the transaction, the insider now directly owns 3,643,231 shares in the company, valued at $7,796,514.34. This trade represents 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 through the SEC website. Also, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction dated 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 sale, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,171,556 shares of company stock valued at $29,222,475. 27.20% of the stock is currently owned by company insiders.

The Carlyle Group Stock Up 0.2 %

Shares of The Carlyle Group stock opened at $52.76 on Tuesday. The company’s fifty day simple moving average is $51.33 and its two-hundred day simple moving average is $45.14. The Carlyle Group Inc. has a 12-month low of $36.65 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 company has a market cap of $18.87 billion, a P/E ratio of 181.93, a PEG 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, topping analysts’ consensus estimates 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 Carlyle Group’s revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. Research analysts anticipate that The Carlyle Group Inc. will post 3.77 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.65%. The Carlyle Group’s payout ratio is 482.76%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company lifted their price target on The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. UBS Group boosted their price objective on shares of 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 lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, December 8th. Finally, Keefe, Bruyette & Woods upped 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 report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $54.00.

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.