Private Management Group Inc. Has $25.42 Million Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Private Management Group Inc. cut its stake in The Carlyle Group Inc. (NASDAQ:CG) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 624,806 shares of the financial services provider’s stock after selling 84,753 shares during the quarter. Private Management Group Inc. owned 0.17% of The Carlyle Group worth $25,423,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. AdvisorNet Financial Inc raised its holdings in shares of The Carlyle Group by 125.5% in the 3rd quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 453 shares during the period. CVA Family Office LLC bought a new position in The Carlyle Group in the fourth quarter valued at approximately $35,000. GAMMA Investing LLC acquired a new stake in The Carlyle Group in the fourth quarter valued at about $38,000. Clear Street Markets LLC bought a new stake in shares of The Carlyle Group during the third quarter worth $50,000. Finally, Fifth Third Bancorp increased its stake in shares of The Carlyle Group by 25.6% in the fourth quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock valued at $89,000 after buying an additional 446 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the acquisition, the insider now directly owns 1,066,189 shares in the company, valued at $13,807,147.55. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 27.00% of the stock is currently owned by corporate insiders.

The Carlyle Group Stock Performance

NASDAQ:CG traded up $1.13 during midday trading on Tuesday, reaching $46.33. The stock had a trading volume of 1,150,812 shares, compared to its average volume of 2,290,537. The stock has a market cap of $16.78 billion, a P/E ratio of -27.41, a P/E/G ratio of 0.94 and a beta of 1.79. The Carlyle Group Inc. has a 12-month low of $25.20 and a 12-month high of $48.52. The firm has a fifty day simple moving average of $45.85 and a two-hundred day simple moving average of $39.37. The company has a quick ratio of 2.27, a current ratio of 2.27 and a debt-to-equity ratio of 1.52.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.08. The company had revenue of $896.40 million for the quarter, compared to analyst estimates of $860.68 million. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The Carlyle Group’s revenue was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 earnings per share. On average, equities analysts expect that The Carlyle Group Inc. will post 3.93 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.02%. The ex-dividend date was Thursday, February 22nd. The Carlyle Group’s dividend payout ratio (DPR) is presently -82.84%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CG shares. UBS Group raised their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. JMP Securities increased their price objective on The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a report on Thursday, February 8th. Barclays raised their price target on The Carlyle Group from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, April 8th. JPMorgan Chase & Co. upped their price target on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Finally, TD Cowen began coverage on The Carlyle Group in a research note on Thursday, January 4th. They issued a “market perform” rating and a $42.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $43.07.

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.