Capital International Investors Sells 370,256 Shares of Carlyle Group Inc. $CG

Key Points

• Capital International Investors cut its stake in Carlyle by 17.8%, selling 370,256 shares in Q3 and retaining 1,705,518 shares (about 0.47% of the company) valued at roughly $106.9 million.
• Carlyle recently reported quarterly EPS of $1.01 (a $0.03 miss) but revenue of $1.90 billion — up 84% year‑over‑year and well above estimates — pays a $0.35 quarterly dividend (3.0% yield), and carries a consensus analyst target near $65 amid mixed ratings.

Capital International Investors decreased its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 17.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,705,518 shares of the financial services provider's stock after selling 370,256 shares during the period. Capital International Investors owned about 0.47% of Carlyle Group worth $106,936,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CG. DMC Group LLC lifted its position in shares of Carlyle Group by 3.2% during the 3rd quarter. DMC Group LLC now owns 6,594 shares of the financial services provider's stock worth $413,000 after buying an additional 205 shares during the period. Savant Capital LLC raised its stake in Carlyle Group by 3.4% during the third quarter. Savant Capital LLC now owns 7,888 shares of the financial services provider's stock worth $495,000 after acquiring an additional 263 shares in the last quarter. McGowan Group Asset Management Inc. lifted its holdings in shares of Carlyle Group by 2.6% during the second quarter. McGowan Group Asset Management Inc. now owns 11,457 shares of the financial services provider's stock valued at $589,000 after acquiring an additional 294 shares during the period. Allworth Financial LP boosted its stake in shares of Carlyle Group by 150.3% in the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 299 shares in the last quarter. Finally, Stiles Financial Services Inc grew its holdings in shares of Carlyle Group by 2.8% in the 3rd quarter. Stiles Financial Services Inc now owns 12,516 shares of the financial services provider's stock worth $785,000 after purchasing an additional 342 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

Carlyle Group Price Performance

CG opened at $47.08 on Thursday. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.33. The company's 50 day simple moving average is $57.72 and its 200-day simple moving average is $58.75. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85. The stock has a market capitalization of $17.00 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 0.93 and a beta of 2.07.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The firm's quarterly revenue was up 84.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. Sell-side analysts anticipate that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Friday, February 13th. Carlyle Group's payout ratio is currently 64.22%.

Analysts Set New Price Targets

A number of equities analysts have commented on CG shares. JPMorgan Chase & Co. boosted their price target 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. Evercore lifted their target price on shares of Carlyle Group from $57.00 to $62.00 and gave the company an "in-line" rating in a research note on Thursday, January 22nd. TD Cowen increased their price target on Carlyle Group from $65.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Morgan Stanley set a $71.00 price target on Carlyle Group in a report on Tuesday, January 27th. Finally, UBS Group reduced their price objective on Carlyle Group from $81.00 to $65.00 and set a "buy" rating on the stock in a research note on Friday, February 20th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Carlyle Group has an average rating of "Hold" and a consensus target price of $65.36.

Carlyle Group Company Profile

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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