16,691 Shares in Carlyle Group Inc. $CG Bought by Impax Asset Management Group plc

Impax Asset Management Group plc acquired a new stake in shares of Carlyle Group Inc. (NASDAQ:CG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 16,691 shares of the financial services provider’s stock, valued at approximately $1,047,000.

Several other institutional investors have also recently made changes to their positions in CG. Vanguard Group Inc. lifted its position in shares of Carlyle Group by 1.8% during the second quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider’s stock valued at $1,270,586,000 after purchasing an additional 426,644 shares in the last quarter. State Street Corp increased its stake in Carlyle Group by 4.8% in the 2nd quarter. State Street Corp now owns 8,221,652 shares of the financial services provider’s stock valued at $422,593,000 after buying an additional 378,455 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Carlyle Group by 6.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,618,075 shares of the financial services provider’s stock worth $477,653,000 after buying an additional 479,216 shares during the last quarter. Alkeon Capital Management LLC grew its holdings in shares of Carlyle Group by 13.4% in the second quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock valued at $305,384,000 after acquiring an additional 700,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Carlyle Group by 5.6% during the second quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider’s stock valued at $219,583,000 after acquiring an additional 228,484 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Price Performance

CG opened at $54.45 on Friday. The firm has a 50-day moving average price of $60.57 and a 200-day moving average price of $60.18. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $19.62 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.04 and a beta of 2.05.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Friday, February 6th. The financial services provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Carlyle Group had a net margin of 16.92% and a return on equity of 23.98%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s quarterly revenue was up 84.1% compared to the same quarter last year. Equities analysts expect that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Monday, February 16th will be given a $0.35 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 2.6%. Carlyle Group’s payout ratio is 78.21%.

Insider Activity

In related news, Director David M. Rubenstein sold 625,000 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the sale, the director owned 27,999,644 shares of the company’s stock, valued at approximately $1,583,379,868.20. This represents a 2.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 26.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CG. Citigroup reduced their price objective on Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Morgan Stanley set a $71.00 price objective on shares of Carlyle Group in a research report on Tuesday, January 27th. Wolfe Research reissued an “outperform” rating on shares of Carlyle Group in a research report on Wednesday, January 7th. Finally, Evercore upped their price objective on Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a research note on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Carlyle Group has an average rating of “Hold” and a consensus target price of $68.08.

Carlyle Group Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.