Barclays PLC Increases Stock Holdings in Carlyle Group Inc. $CG

Key Points

• Barclays PLC increased its stake in Carlyle by 38.6% during Q3, buying 257,711 shares to own 924,784 shares total (about 0.26% of the company) valued at roughly $57.98 million.
• Director David M. Rubenstein sold 625,000 shares on Dec. 10 for about $35.34 million (avg $56.55), trimming his holding by 2.18%; insiders own 26.30% of Carlyle and hedge funds/institutions own 55.88%.
• Carlyle reported Q results with EPS of $1.01 (missing the $1.04 estimate) while revenue rose 84.1% to $1.90 billion; analysts show a mixed view (consensus "Hold") with an average price target of $65.36 and the stock yields about 2.9%.

Barclays PLC increased its holdings in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 38.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 924,784 shares of the financial services provider's stock after buying an additional 257,711 shares during the quarter. Barclays PLC owned 0.26% of Carlyle Group worth $57,984,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of Carlyle Group by 150.3% during the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider's stock worth $26,000 after acquiring an additional 299 shares during the last quarter. WFA of San Diego LLC bought a new position in Carlyle Group in the 2nd quarter worth $26,000. Geneos Wealth Management Inc. lifted its position in Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 574 shares in the last quarter. Motco bought a new position in shares of Carlyle Group in the third quarter worth about $40,000. Finally, Marshall & Sterling Wealth Advisors Inc. lifted its position in shares of Carlyle Group by 563.5% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 690 shares of the financial services provider's stock valued at $43,000 after buying an additional 586 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carlyle Group

In related news, Director David M. Rubenstein sold 625,000 shares of the business's stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total value of $35,343,750.00. Following the sale, the director owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 26.30% of the company's stock.

Carlyle Group Stock Down 0.2%

CG opened at $48.82 on Tuesday. The company has a market capitalization of $17.63 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 0.99 and a beta of 2.07. The firm has a 50-day simple moving average of $58.20 and a two-hundred day simple moving average of $58.94. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 1.90. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.03). Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $0.92 earnings per share. The company's revenue for the quarter was up 84.1% compared to the same quarter last year. Analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, February 13th. Carlyle Group's dividend payout ratio is currently 64.22%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CG. UBS Group reduced their target price on shares of Carlyle Group from $81.00 to $65.00 and set a "buy" rating for the company in a report on Friday, February 20th. Evercore upped their price target on shares of Carlyle Group from $57.00 to $62.00 and gave the stock an "in-line" rating in a research report on Thursday, January 22nd. JPMorgan Chase & Co. raised their price objective on shares of Carlyle Group from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Tuesday, February 10th. Royal Bank Of Canada initiated coverage on shares of Carlyle Group in a report on Monday, February 23rd. They issued an "outperform" rating and a $67.00 target price for the company. Finally, Morgan Stanley set a $71.00 price target on Carlyle Group in a report on Tuesday, January 27th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Carlyle Group presently has an average rating of "Hold" and a consensus price target of $65.36.

About Carlyle Group

The Carlyle Group NASDAQ: CG is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle's core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.

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