LGT Capital Partners LTD. Decreases Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

LGT Capital Partners LTD. cut its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 5.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 916,000 shares of the financial services provider’s stock after selling 54,000 shares during the quarter. The Carlyle Group comprises 1.4% of LGT Capital Partners LTD.’s holdings, making the stock its 27th largest position. LGT Capital Partners LTD.’s holdings in The Carlyle Group were worth $39,443,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. National Bank of Canada FI raised its stake in shares of The Carlyle Group by 58.8% in the first quarter. National Bank of Canada FI now owns 404,036 shares of the financial services provider’s stock worth $18,953,000 after purchasing an additional 149,612 shares during the last quarter. Capital Group Private Client Services Inc. purchased a new position in The Carlyle Group during the first quarter valued at approximately $3,021,000. Cetera Investment Advisers raised its position in The Carlyle Group by 292.1% during the first quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock valued at $1,574,000 after acquiring an additional 25,002 shares in the last quarter. Assenagon Asset Management S.A. raised its position in The Carlyle Group by 182.1% during the second quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock valued at $15,551,000 after acquiring an additional 250,021 shares in the last quarter. Finally, Comerica Bank raised its position in The Carlyle Group by 44.5% during the first quarter. Comerica Bank now owns 184,420 shares of the financial services provider’s stock valued at $8,651,000 after acquiring an additional 56,811 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Stock Up 1.5 %

Shares of NASDAQ:CG opened at $50.86 on Tuesday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The business has a fifty day moving average of $47.21 and a two-hundred day moving average of $43.74. The stock has a market cap of $18.19 billion, a P/E ratio of 175.38, a PEG ratio of 1.33 and a beta of 1.70. The Carlyle Group Inc. has a 52-week low of $31.21 and a 52-week high of $54.52.

The Carlyle Group (NASDAQ:CG) last announced its quarterly 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 Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same quarter in the prior year, the company posted $0.87 EPS. The company’s quarterly revenue was up 15.2% on a year-over-year basis. On average, research analysts expect that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

Insider Activity

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Carlyle Group Inc. sold 133,643 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $2.51, for a total value of $335,443.93. Following the sale, the insider now owns 4,767,697 shares in the company, valued at approximately $11,966,919.47. This trade represents a 2.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,171,556 shares of company stock valued at $29,222,475 in the last quarter. Insiders own 27.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CG. Evercore ISI lifted their price target 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. Morgan Stanley raised their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their price objective on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. JMP Securities restated a “market outperform” rating and issued a $60.00 price objective on shares of The Carlyle Group in a research report on Wednesday, October 9th. Finally, StockNews.com upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and an average price target of $53.33.

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.