Vanguard Group Inc. Boosts Holdings in Carlyle Group Inc. $CG

Key Points

• Vanguard Group increased its stake in Carlyle by 3.7% in Q4 to 26,368,246 shares, representing roughly 7.32% of the company and valued at about $1.56 billion.
• Carlyle reported Q4 EPS of $1.01 (missing estimates by $0.03) and revenue of $1.90 billion (up 84.1% YoY), and paid a quarterly dividend of $0.35 ($1.40 annual, 2.8% yield).
• Director David M. Rubenstein sold 500,000 shares for roughly $23.34 million; insiders own about 26.3% of the stock while institutions hold 55.88%, and analysts have a consensus "Moderate Buy" target near $65.57.

Vanguard Group Inc. raised its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,368,246 shares of the financial services provider's stock after acquiring an additional 934,237 shares during the quarter. Vanguard Group Inc. owned approximately 7.32% of Carlyle Group worth $1,558,627,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in shares of Carlyle Group by 19.5% during the 4th quarter. Arizona State Retirement System now owns 82,810 shares of the financial services provider's stock worth $4,895,000 after purchasing an additional 13,539 shares during the last quarter. Kerusso Capital Management LLC boosted its stake in shares of Carlyle Group by 31.7% during the 4th quarter. Kerusso Capital Management LLC now owns 86,468 shares of the financial services provider's stock worth $5,111,000 after purchasing an additional 20,803 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Carlyle Group by 0.5% during the 4th quarter. Chicago Partners Investment Group LLC now owns 77,081 shares of the financial services provider's stock worth $4,724,000 after purchasing an additional 392 shares during the last quarter. Retirement Planning Co of New England Inc. boosted its stake in shares of Carlyle Group by 4.2% during the 4th quarter. Retirement Planning Co of New England Inc. now owns 9,491 shares of the financial services provider's stock worth $561,000 after purchasing an additional 382 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in shares of Carlyle Group by 2.6% during the 4th quarter. HB Wealth Management LLC now owns 12,226 shares of the financial services provider's stock worth $723,000 after purchasing an additional 310 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Carlyle Group Trading Up 4.7%

NASDAQ CG opened at $50.07 on Friday. Carlyle Group Inc. has a one year low of $38.36 and a one year high of $69.85. The company's 50 day moving average price is $49.02 and its 200 day moving average price is $54.78. 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 firm has a market capitalization of $18.08 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.03 and a beta of 2.05.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (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 company's revenue for the quarter was up 84.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 EPS. On average, sell-side analysts predict that Carlyle Group Inc. will post 4.41 EPS for the current year.

Carlyle Group Announces Dividend

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

Insider Activity

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CG shares. TD Cowen raised their target price on shares of Carlyle Group from $65.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. The Goldman Sachs Group decreased their target price on shares of Carlyle Group from $81.00 to $69.00 and set a "buy" rating on the stock in a research report on Tuesday, April 7th. Evercore set a $56.00 target price on shares of Carlyle Group in a research report on Tuesday, April 21st. Wall Street Zen raised shares of Carlyle Group from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Wolfe Research restated an "outperform" rating on shares of Carlyle Group in a report on Wednesday, January 7th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Carlyle Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.57.

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.

Want to see what other hedge funds are holding CG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlyle Group Inc. (NASDAQ:CG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.