Northwestern Mutual Wealth Management Co. Has $1.67 Million Position in Carlyle Group Inc. $CG

Key Points

• Northwestern Mutual Wealth Management sharply reduced its Carlyle Group stake by 74.1% in the fourth quarter, leaving it with 28,304 shares valued at about $1.67 million.
• Carlyle reported mixed quarterly results, with EPS of $0.89 missing estimates and revenue of $750.9 million well below expectations, while revenue also fell 28% year over year.
• The company declared a quarterly dividend of $0.35 per share payable May 28, and analysts currently have a consensus Hold rating with an average price target of $62.

Northwestern Mutual Wealth Management Co. cut its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 74.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,304 shares of the financial services provider's stock after selling 81,007 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Carlyle Group were worth $1,673,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CG. WFA of San Diego LLC acquired a new position in shares of Carlyle Group during the 2nd quarter worth approximately $26,000. Geneos Wealth Management Inc. increased its holdings in shares of Carlyle Group by 755.3% during 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 during the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of Carlyle Group during the 4th quarter worth approximately $30,000. Quarry LP acquired a new position in shares of Carlyle Group during the 3rd quarter worth approximately $33,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Carlyle Group in the 3rd quarter valued at $41,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 500,000 shares of the business's stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the completion of the transaction, the director owned 27,399,644 shares of the company's stock, valued at approximately $1,279,015,381.92. The trade was a 1.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 26.30% of the company's stock.

Carlyle Group Price Performance

Carlyle Group stock opened at $45.66 on Thursday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.55 and a current ratio of 2.55. Carlyle Group Inc. has a 52 week low of $43.98 and a 52 week high of $69.85. The stock has a market capitalization of $16.44 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 1.56 and a beta of 1.89. The stock has a fifty day moving average of $48.28 and a 200-day moving average of $53.72.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.02). Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The business had revenue of $750.90 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm posted $1.14 EPS. Carlyle Group's quarterly revenue was down 28.0% on a year-over-year basis. On average, sell-side analysts expect that Carlyle Group Inc. will post 4.05 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. Carlyle Group's payout ratio is 95.89%.

Analysts Set New Price Targets

Several analysts recently issued reports on CG shares. Morgan Stanley reduced their price target on Carlyle Group from $71.00 to $66.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 21st. UBS Group reduced their price target on Carlyle Group from $81.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, February 20th. TD Cowen reduced their price target on Carlyle Group from $53.00 to $50.00 and set a "hold" rating for the company in a research note on Monday, May 18th. BMO Capital Markets reduced their price target on Carlyle Group from $65.00 to $58.00 and set an "outperform" rating for the company in a research note on Tuesday, March 24th. Finally, The Goldman Sachs Group reduced their price target on Carlyle Group from $81.00 to $69.00 and set a "buy" rating for the company in a research note on Tuesday, April 7th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $62.00.

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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