Mitsubishi UFJ Trust & Banking Corp Sells 20,453 Shares of Carlyle Group Inc. $CG

Key Points

• Mitsubishi UFJ Trust & Banking Corp reduced its stake in Carlyle Group (NASDAQ:CG) by 17.8%, selling 20,453 shares in Q4 and now holds 94,635 shares valued at about $5.59 million.
• Director David M. Rubenstein sold 500,000 shares on March 19 at an average of $46.68 for $23.34 million, trimming his ownership by 1.79%; company insiders collectively own 26.30% of the stock.
• Analysts have trimmed price targets but the consensus remains a "Moderate Buy" with a $65.57 average target; Carlyle trades near $49.44, yields 2.8% from a $0.35 quarterly dividend, and has a 52‑week range of $39.48–$69.85.

Mitsubishi UFJ Trust & Banking Corp decreased its position in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,635 shares of the financial services provider's stock after selling 20,453 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Carlyle Group were worth $5,594,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CG. WFA of San Diego LLC bought a new stake in shares of Carlyle Group in the 2nd quarter worth $26,000. Geneos Wealth Management Inc. grew its stake 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 acquiring an additional 574 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Carlyle Group in the 4th quarter worth $30,000. Quarry LP bought a new stake in shares of Carlyle Group in the 3rd quarter worth $33,000. Finally, Motco bought a new stake in shares of Carlyle Group in the 3rd quarter worth $40,000. Institutional investors own 55.88% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CG. JPMorgan Chase & Co. reduced their target price on shares of Carlyle Group from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday. UBS Group cut their price target on shares of Carlyle Group from $81.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, February 20th. Barclays cut their price target on shares of Carlyle Group from $68.00 to $67.00 and set an "overweight" rating on the stock in a report on Wednesday, April 8th. Morgan Stanley cut their price target on shares of Carlyle Group from $71.00 to $66.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 21st. Finally, TD Cowen boosted their price target on shares of Carlyle Group from $65.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, February 27th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.57.

Insider Buying and Selling

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $1,279,015,381.92. This represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 26.30% of the stock is currently owned by company insiders.

Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $49.44 on Monday. The company has a market capitalization of $17.86 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.07 and a beta of 1.89. Carlyle Group Inc. has a fifty-two week low of $39.48 and a fifty-two week high of $69.85. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.33 and a current ratio of 2.33. The company's 50-day moving average is $49.02 and its 200 day moving average is $54.72.

Carlyle Group (NASDAQ:CG - Get Free Report) last released 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 analysts' expectations of $1.09 billion. Carlyle Group had a net margin of 16.92% and a return on equity of 23.62%. Carlyle Group's revenue for the quarter was up 84.1% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. On average, equities research analysts forecast that Carlyle Group Inc. will post 4.41 earnings per share for the current year.

Carlyle Group Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 annualized dividend and a yield of 2.8%. Carlyle Group's dividend 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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