Franklin Street Advisors Inc. NC Invests $17.67 Million in The Carlyle Group Inc. (NASDAQ:CG)

Franklin Street Advisors Inc. NC purchased a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 349,984 shares of the financial services provider’s stock, valued at approximately $17,671,000.

Several other large investors also recently made changes to their positions in CG. Ariel Investments LLC grew its stake in The Carlyle Group by 1.1% during the 2nd quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock valued at $198,250,000 after purchasing an additional 54,805 shares in the last quarter. FMR LLC raised its holdings in The Carlyle Group by 72.8% in the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after acquiring an additional 1,707,520 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings 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. Massachusetts Financial Services Co. MA increased its position in shares of The Carlyle Group by 22.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock worth $90,740,000 after purchasing an additional 391,553 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after purchasing an additional 777,304 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock traded down $2.24 during trading on Friday, hitting $50.07. The stock had a trading volume of 656,263 shares, compared to its average volume of 1,769,849. 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 business has a fifty day moving average of $51.84 and a two-hundred day moving average of $46.36. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $55.11. The firm has a market cap of $17.91 billion, a P/E ratio of 172.66, a PEG ratio of 1.45 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The business had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.87 earnings per share. On average, sell-side analysts expect that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.35 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.80%. The Carlyle Group’s dividend payout ratio (DPR) is 482.76%.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. sold 250,000 shares of The Carlyle Group stock in a transaction on Monday, October 14th. The stock was sold at an average price of $2.23, for a total transaction of $557,500.00. Following the transaction, the insider now owns 2,905,461 shares in the company, valued at approximately $6,479,178.03. The trade was a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,020,542 shares of company stock valued at $26,697,779. 27.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on CG shares. JPMorgan Chase & Co. upped their price objective on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, December 8th. Barclays upped their target price on The Carlyle Group from $57.00 to $59.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Oppenheimer boosted their price objective 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. Finally, Evercore ISI increased their target price on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and a consensus target price of $54.38.

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.