Teachers Retirement System of The State of Kentucky Purchases 12,500 Shares of Carlyle Group Inc. $CG

Teachers Retirement System of The State of Kentucky lifted its holdings in Carlyle Group Inc. (NASDAQ:CG) by 18.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,080 shares of the financial services provider’s stock after acquiring an additional 12,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Carlyle Group were worth $5,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Allworth Financial LP increased its holdings in Carlyle Group by 150.3% in the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 299 shares in the last quarter. WFA of San Diego LLC bought a new stake in shares of Carlyle Group in the 2nd quarter valued at $26,000. Geneos Wealth Management Inc. lifted its position in shares of Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares during the period. Motco acquired a new stake in Carlyle Group in the third quarter worth $40,000. Finally, Marshall & Sterling Wealth Advisors Inc. increased its stake in Carlyle Group by 563.5% in the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 690 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 586 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Transactions at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of Carlyle Group stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total value 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. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 26.30% of the company’s stock.

Carlyle Group Stock Up 1.6%

Carlyle Group stock opened at $52.50 on Thursday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.49 and a current ratio of 2.33. The stock has a market cap of $18.96 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 1.05 and a beta of 2.07. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85. The firm’s 50-day simple moving average is $58.86 and its 200 day simple moving average is $59.23.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Thursday, February 5th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.03). The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.09 billion. Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.Carlyle Group’s quarterly revenue was up 84.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 EPS. Research analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 16th were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 13th. This represents a $1.40 annualized dividend and a yield of 2.7%. Carlyle Group’s dividend payout ratio is presently 64.22%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CG. UBS Group decreased their target price on Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, January 21st. Wolfe Research restated an “outperform” rating on shares of Carlyle Group in a research note on Wednesday, January 7th. Royal Bank Of Canada initiated coverage on shares of Carlyle Group in a research note on Monday, February 23rd. They issued an “outperform” rating and a $67.00 price objective on the stock. Finally, TD Cowen boosted their target price on shares of Carlyle Group from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Carlyle Group has a consensus rating of “Hold” and a consensus target price of $66.00.

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.