Guinness Asset Management LTD Has $693,000 Position in The Carlyle Group Inc. (NASDAQ:CG)

Guinness Asset Management LTD increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 42.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,719 shares of the financial services provider’s stock after purchasing an additional 4,113 shares during the period. Guinness Asset Management LTD’s holdings in The Carlyle Group were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group bought a new stake in shares of The Carlyle Group in the third quarter valued at approximately $33,000. Tobam grew its holdings in shares of The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 220 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new position in The Carlyle Group in the fourth quarter valued at about $57,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after buying an additional 1,600 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of The Carlyle Group by 147.9% in the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,139 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 27.20% of the stock is currently owned by insiders.

The Carlyle Group Price Performance

Shares of CG opened at $55.24 on Monday. The business has a 50-day moving average of $52.02 and a 200-day moving average of $46.98. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year high of $55.65. The company has a market capitalization of $19.76 billion, a price-to-earnings ratio of 190.48, a price-to-earnings-growth ratio of 1.05 and a beta of 1.69. 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 Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same period in the prior year, the firm posted $0.87 EPS. The company’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.53%. The Carlyle Group’s payout ratio is 482.76%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CG. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. JPMorgan Chase & Co. raised 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. JMP Securities reissued a “market outperform” rating and issued a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. TD Cowen upped their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Finally, Oppenheimer raised their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $54.44.

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.