Carlyle Group Inc. $CG Shares Acquired by Kerusso Capital Management LLC

Key Points

• Kerusso Capital Management LLC boosted its stake in Carlyle Group by 31.7% in Q4, adding 20,803 shares to hold 86,468 shares worth about $5.11 million (≈2.4% of Kerusso's portfolio and its 7th-largest position).
• Director David M. Rubenstein sold 500,000 shares on March 19 at an average price of $46.68 for proceeds of $23.34 million, trimming his stake (insiders now own 26.30% of the company).
• Wall Street consensus rates Carlyle Group as a Moderate Buy with an average price target of $65.64 (nine Buy ratings and seven Hold ratings).

Kerusso Capital Management LLC lifted its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 31.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 86,468 shares of the financial services provider's stock after acquiring an additional 20,803 shares during the period. Carlyle Group accounts for approximately 2.4% of Kerusso Capital Management LLC's portfolio, making the stock its 7th biggest position. Kerusso Capital Management LLC's holdings in Carlyle Group were worth $5,111,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DMC Group LLC boosted its holdings in Carlyle Group by 2.5% in the 4th quarter. DMC Group LLC now owns 6,762 shares of the financial services provider's stock valued at $400,000 after purchasing an additional 168 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Carlyle Group by 6.0% during the 3rd quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider's stock worth $218,000 after buying an additional 196 shares during the last quarter. Savant Capital LLC raised its position in shares of Carlyle Group by 3.4% during the 3rd quarter. Savant Capital LLC now owns 7,888 shares of the financial services provider's stock valued at $495,000 after buying an additional 263 shares during the period. HB Wealth Management LLC lifted its holdings in Carlyle Group by 2.6% in the fourth quarter. HB Wealth Management LLC now owns 12,226 shares of the financial services provider's stock valued at $723,000 after acquiring an additional 310 shares during the last quarter. Finally, Stiles Financial Services Inc grew its position in Carlyle Group by 2.8% in the third quarter. Stiles Financial Services Inc now owns 12,516 shares of the financial services provider's stock worth $785,000 after acquiring an additional 342 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CG. TD Cowen lifted their target price on Carlyle Group from $65.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, February 27th. The Goldman Sachs Group cut their price objective on Carlyle Group from $81.00 to $69.00 and set a "buy" rating for the company in a research report on Tuesday, April 7th. Royal Bank Of Canada began coverage on shares of Carlyle Group in a research report on Monday, February 23rd. They issued an "outperform" rating and a $67.00 target price on the stock. Wall Street Zen upgraded shares of Carlyle Group from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, 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 note on Tuesday, February 10th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Carlyle Group presently has an average rating of "Moderate Buy" and an average price target of $65.64.

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the sale, the director directly owned 27,399,644 shares in the company, valued at $1,279,015,381.92. This represents a 1.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 26.30% of the stock is currently owned by insiders.

Carlyle Group Trading Down 4.4%

Shares of NASDAQ CG opened at $49.03 on Friday. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $17.71 billion, a PE ratio of 22.49, a PEG ratio of 1.10 and a beta of 2.05. Carlyle Group Inc. has a twelve month low of $36.63 and a twelve month high of $69.85. The stock has a fifty day simple moving average of $49.61 and a 200-day simple moving average of $55.19.

Carlyle Group (NASDAQ:CG - Get Free Report) last announced its earnings results on Thursday, February 5th. The financial services provider reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.03). The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.09 billion. Carlyle Group had a net margin of 16.92% and a return on equity of 23.62%. The business's revenue was up 84.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 earnings per share. On average, equities analysts forecast that Carlyle Group Inc. will post 4.42 earnings per share for the current year.

Carlyle Group Dividend Announcement

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

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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