Triangle Securities Wealth Management Decreases Stake in The Carlyle Group Inc. (NASDAQ:CG)

Triangle Securities Wealth Management lowered its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 8.7% in the fourth quarter, Holdings Channel reports. The firm owned 7,615 shares of the financial services provider’s stock after selling 730 shares during the period. Triangle Securities Wealth Management’s holdings in The Carlyle Group were worth $384,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CG. Dimensional Fund Advisors LP lifted its position in The Carlyle Group by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,266,595 shares of the financial services provider’s stock worth $90,999,000 after acquiring an additional 137,541 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in The Carlyle Group by 0.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider’s stock worth $2,484,000 after acquiring an additional 318 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in The Carlyle Group by 24.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,951 shares of the financial services provider’s stock worth $881,000 after acquiring an additional 4,377 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in The Carlyle Group by 15.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 577,800 shares of the financial services provider’s stock worth $23,199,000 after acquiring an additional 77,800 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in The Carlyle Group by 1.4% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 162,094 shares of the financial services provider’s stock worth $6,508,000 after acquiring an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

Shares of CG opened at $55.24 on Monday. The company has a market cap of $19.76 billion, a P/E ratio of 190.48, a PEG ratio of 1.05 and a beta of 1.69. The stock has a fifty day moving average price of $52.02 and a 200 day moving average price of $46.98. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group Inc. has a 12 month low of $36.65 and a 12 month high of $55.65.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter in the prior year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, research analysts forecast that The Carlyle Group Inc. will post 3.8 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.53%. The Carlyle Group’s payout ratio is 482.76%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CG. Oppenheimer upped their target price on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. UBS Group upped their target price on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley upped their target price on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Evercore ISI upped their target price on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $54.44.

Insider Transactions at The Carlyle Group

In other news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the sale, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 27.20% of the company’s stock.

About The Carlyle Group

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.