Triangle Securities Wealth Management Trims Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Triangle Securities Wealth Management cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in 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 period. Franklin Street Advisors Inc. NC acquired a new position in shares of The Carlyle Group during the fourth quarter worth about $17,671,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of The Carlyle Group by 74.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,984 shares of the financial services provider’s stock worth $1,806,000 after buying an additional 19,160 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of The Carlyle Group by 15.6% during the second quarter. Canada Pension Plan Investment Board now owns 577,800 shares of the financial services provider’s stock worth $23,199,000 after buying an additional 77,800 shares in the last quarter. Finally, Empowered Funds LLC grew its position in shares of The Carlyle Group by 443.1% during the third quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock worth $6,789,000 after buying an additional 128,644 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Daniel A. D’aniello sold 495,542 shares of the firm’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 transaction, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade 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 the SEC website. 27.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on CG. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Friday, January 3rd. TD Cowen upped their price target on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their price target on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, November 8th. Finally, Evercore ISI upped their price target on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $54.44.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $55.24 on Monday. The Carlyle Group Inc. has a 12 month low of $36.65 and a 12 month high of $55.65. 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 50 day simple moving average of $52.02 and a 200-day simple moving average of $46.98. The stock has a market capitalization of $19.76 billion, a PE ratio of 190.48, a price-to-earnings-growth ratio of 1.05 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data 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 firm had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The Carlyle Group’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 earnings per share. Equities analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group’s payout ratio is 482.76%.

The Carlyle Group Company 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.