Galvin Gaustad & Stein LLC Sells 28,431 Shares of Carlyle Group Inc. $CG

Key Points

• Galvin Gaustad & Stein LLC trimmed its stake in Carlyle by 12.2%, selling 28,431 shares in Q4 and retaining 204,623 shares valued at about $12.1M (≈0.06% of the company).
• Director David M. Rubenstein sold 500,000 shares on March 19 at an average price of $46.68 for roughly $23.34M, reducing his position by 1.79% to 27,399,644 shares.
• Carlyle paid a quarterly dividend of $0.35 (annualized $1.40), representing a 2.8% yield and a payout ratio of 64.22%.

Galvin Gaustad & Stein LLC trimmed its position in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 12.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 204,623 shares of the financial services provider's stock after selling 28,431 shares during the period. Galvin Gaustad & Stein LLC owned about 0.06% of Carlyle Group worth $12,095,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CG. WFA of San Diego LLC bought a new position in shares of Carlyle Group in the 2nd quarter worth $26,000. Geneos Wealth Management Inc. boosted its position in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock worth $28,000 after purchasing an additional 574 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in shares of Carlyle Group in the 4th quarter worth $30,000. Quarry LP bought a new position in shares of Carlyle Group in the 3rd quarter worth $33,000. Finally, Motco bought a new position in shares of Carlyle Group in the 3rd quarter worth $40,000. 55.88% of the stock is currently owned by institutional investors.

Insider Activity

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of Carlyle Group stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $46.68, for a total value of $23,340,000.00. Following the sale, the director owned 27,399,644 shares of the company's stock, valued at $1,279,015,381.92. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 26.30% of the stock is owned by corporate insiders.

Carlyle Group Stock Performance

Shares of Carlyle Group stock opened at $49.20 on Tuesday. The company has a market capitalization of $17.77 billion, a PE ratio of 22.57, a PEG ratio of 1.00 and a beta of 2.05. Carlyle Group Inc. has a 12 month low of $34.01 and a 12 month high of $69.85. 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's fifty day simple moving average is $50.48 and its 200 day simple moving average is $55.72.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.03). The business 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 business's quarterly revenue was up 84.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS. On average, research analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. Carlyle Group's dividend payout ratio (DPR) is currently 64.22%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CG. Royal Bank Of Canada began coverage on Carlyle Group in a research report on Monday, February 23rd. They issued an "outperform" rating and a $67.00 price target on the stock. Wall Street Zen upgraded Carlyle Group from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Weiss Ratings restated a "hold (c)" rating on shares of Carlyle Group in a research report on Wednesday, January 21st. Evercore raised their price objective on Carlyle Group from $57.00 to $62.00 and gave the stock an "in-line" rating in a research note on Thursday, January 22nd. Finally, BMO Capital Markets dropped their price objective on Carlyle Group from $65.00 to $58.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 24th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $66.43.

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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