Inceptionr LLC Buys New Stake in Carlyle Group Inc. $CG

Key Points

• Inceptionr LLC purchased a new stake of 22,960 shares in Carlyle Group during Q3, valued at about $1.44 million.
• Director David M. Rubenstein sold 625,000 shares on Dec. 10 for roughly $35.34 million (avg. $56.55), reducing his position by 2.18%; corporate insiders now own 26.3% of the company.
• The stock has a market consensus of "Hold" with a $65.36 target, yet shares opened at $48.90 (down 5.4%); Carlyle missed quarterly EPS by $0.03 while reporting revenue up 84.1% year‑over‑year.

Inceptionr LLC purchased a new stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 22,960 shares of the financial services provider's stock, valued at approximately $1,440,000.

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC grew its position in Carlyle Group by 64.9% in the third quarter. Private Advisor Group LLC now owns 8,752 shares of the financial services provider's stock worth $549,000 after acquiring an additional 3,444 shares in the last quarter. Vinva Investment Management Ltd purchased a new stake in Carlyle Group during the third quarter valued at approximately $225,000. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Carlyle Group by 12.1% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,577 shares of the financial services provider's stock worth $412,000 after purchasing an additional 711 shares during the period. Natixis Advisors LLC increased its position in shares of Carlyle Group by 8.2% during the 3rd quarter. Natixis Advisors LLC now owns 399,858 shares of the financial services provider's stock valued at $25,071,000 after purchasing an additional 30,289 shares during the last quarter. Finally, Korea Investment CORP raised its holdings in Carlyle Group by 0.6% during the 3rd quarter. Korea Investment CORP now owns 222,496 shares of the financial services provider's stock valued at $13,950,000 after buying an additional 1,300 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the company's stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total value of $35,343,750.00. Following the completion of the sale, the director directly owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. This represents a 2.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 26.30% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on CG shares. TD Cowen lifted their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, February 27th. BMO Capital Markets restated an "outperform" rating and issued a $65.00 target price on shares of Carlyle Group in a report on Thursday. Evercore upped their price target on shares of Carlyle Group from $57.00 to $62.00 and gave the company an "in-line" rating in a report on Thursday, January 22nd. Morgan Stanley set a $71.00 price objective on shares of Carlyle Group in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. boosted their target price on Carlyle Group from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Tuesday, February 10th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $65.36.

Carlyle Group Stock Down 5.4%

Shares of CG opened at $48.90 on Monday. The firm has a fifty day moving average price of $58.43 and a 200-day moving average price of $59.04. 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 firm has a market capitalization of $17.66 billion, a P/E ratio of 22.43, a P/E/G ratio of 0.99 and a beta of 2.07. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month 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 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.03). Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same period last year, the business posted $0.92 earnings per share. The business's revenue was up 84.1% compared to the same quarter last year. Equities research analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

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 2.9%. The ex-dividend date was Friday, February 13th. Carlyle Group's dividend payout ratio (DPR) is presently 64.22%.

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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