BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 869 Shares of The Carlyle Group Inc. (NASDAQ:CG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 3.6% during the first quarter, Holdings Channel reports. The institutional investor owned 23,094 shares of the financial services provider’s stock after selling 869 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in The Carlyle Group were worth $849,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Evolution Wealth Advisors LLC lifted its position in shares of The Carlyle Group by 37.7% during the first quarter. Evolution Wealth Advisors LLC now owns 1,005 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 275 shares in the last quarter. Personal Capital Advisors Corp lifted its position in shares of The Carlyle Group by 3.0% during the fourth quarter. Personal Capital Advisors Corp now owns 10,300 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 300 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of The Carlyle Group by 2.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 17,133 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 390 shares in the last quarter. Asahi Life Asset Management CO. LTD. raised its position in The Carlyle Group by 3.5% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 12,770 shares of the financial services provider’s stock worth $401,000 after acquiring an additional 430 shares during the period. Finally, San Francisco Sentry Investment Group CA raised its position in The Carlyle Group by 8.5% in the fourth quarter. San Francisco Sentry Investment Group CA now owns 6,990 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 550 shares during the period. 33.08% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Kewsong Lee sold 2,639 shares of the company’s stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $43.49, for a total transaction of $114,770.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David M. Rubenstein sold 3,000,000 shares of the company’s stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $35.80, for a total transaction of $107,400,000.00. Following the sale, the director now owns 39,249,644 shares of the company’s stock, valued at $1,405,137,255.20. The disclosure for this sale can be found here.

Shares of The Carlyle Group stock opened at $43.51 on Monday. The Carlyle Group Inc. has a 1 year low of $22.95 and a 1 year high of $45.23. The firm has a market cap of $15.43 billion, a PE ratio of -71.33 and a beta of 1.38. The company has a debt-to-equity ratio of 2.98, a current ratio of 2.37 and a quick ratio of 2.37. The company has a 50 day simple moving average of $40.16 and a two-hundred day simple moving average of $34.12.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Thursday, April 29th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.04. The Carlyle Group had a negative net margin of 5.38% and a positive return on equity of 25.90%. The business had revenue of $612.50 million during the quarter, compared to analyst estimates of $595.12 million. During the same period in the previous year, the business posted $0.48 earnings per share. The Carlyle Group’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts anticipate that The Carlyle Group Inc. will post 1.84 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 19th. Stockholders of record on Tuesday, May 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, May 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.30%. The Carlyle Group’s payout ratio is 58.82%.

CG has been the topic of several research reports. Morgan Stanley lifted their price objective on shares of The Carlyle Group from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, May 10th. Credit Suisse Group upgraded shares of The Carlyle Group from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $40.00 to $42.00 in a research note on Thursday, February 25th. Zacks Investment Research upgraded shares of The Carlyle Group from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, May 4th. Barclays lifted their target price on shares of The Carlyle Group from $36.00 to $39.00 in a research note on Wednesday, February 24th. Finally, TD Securities reduced their target price on shares of The Carlyle Group from $15.50 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, May 12th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $37.75.

The Carlyle Group Profile

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.

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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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