Carlyle Group Inc. $CG Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its stake in Carlyle Group Inc. (NASDAQ:CG) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 487,243 shares of the financial services provider’s stock after buying an additional 3,155 shares during the quarter. Rockefeller Capital Management L.P. owned 0.13% of Carlyle Group worth $25,044,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CG. CWM LLC grew its stake in shares of Carlyle Group by 74.3% during the 1st quarter. CWM LLC now owns 7,429 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 3,166 shares during the period. Victory Capital Management Inc. grew its position in Carlyle Group by 246.0% during the first quarter. Victory Capital Management Inc. now owns 260,941 shares of the financial services provider’s stock valued at $11,374,000 after buying an additional 185,521 shares during the period. Kestra Private Wealth Services LLC raised its position in shares of Carlyle Group by 36.5% in the first quarter. Kestra Private Wealth Services LLC now owns 23,707 shares of the financial services provider’s stock worth $1,033,000 after acquiring an additional 6,343 shares during the period. Allianz Asset Management GmbH grew its position in shares of Carlyle Group by 77.8% during the 1st quarter. Allianz Asset Management GmbH now owns 25,000 shares of the financial services provider’s stock valued at $1,090,000 after acquiring an additional 10,937 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Carlyle Group in the 1st quarter valued at about $6,209,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Carlyle Group Stock Down 3.7%

Shares of NASDAQ CG opened at $51.38 on Tuesday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. The company has a 50-day moving average of $59.76 and a 200 day moving average of $56.17. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $69.85. The stock has a market cap of $18.52 billion, a PE ratio of 15.02, a P/E/G ratio of 1.22 and a beta of 2.01.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.98. Carlyle Group had a return on equity of 23.60% and a net margin of 20.22%.The business had revenue of $782.50 million during the quarter, compared to analyst estimates of $848.51 million. During the same period in the prior year, the business earned $0.95 earnings per share. As a group, sell-side analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 2.7%. Carlyle Group’s payout ratio is presently 78.21%.

Wall Street Analysts Forecast Growth

CG has been the topic of several research analyst reports. Barclays reissued an “overweight” rating and issued a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. JPMorgan Chase & Co. cut their price target on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Jefferies Financial Group increased their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a report on Wednesday, August 13th. Keefe, Bruyette & Woods cut their target price on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Finally, TD Cowen lowered their price objective on Carlyle Group from $78.00 to $77.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $66.00.

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.