Nomura Asset Management Co. Ltd. Lowers Stock Position in Carlyle Group Inc. $CG

Nomura Asset Management Co. Ltd. lessened its holdings in Carlyle Group Inc. (NASDAQ:CG) by 18.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 78,849 shares of the financial services provider’s stock after selling 17,348 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Carlyle Group were worth $4,661,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp lifted its position in Carlyle Group by 28.7% during the third quarter. Fifth Third Bancorp now owns 107,198 shares of the financial services provider’s stock valued at $6,721,000 after acquiring an additional 23,901 shares during the last quarter. Swiss Life Asset Management Ltd lifted its position in Carlyle Group by 162.3% during the third quarter. Swiss Life Asset Management Ltd now owns 119,907 shares of the financial services provider’s stock valued at $7,518,000 after acquiring an additional 74,190 shares during the last quarter. Vanguard Group Inc. lifted its position in Carlyle Group by 2.9% during the third quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock valued at $1,594,712,000 after acquiring an additional 714,428 shares during the last quarter. Onyx Bridge Wealth Group LLC purchased a new stake in Carlyle Group during the third quarter valued at approximately $1,564,000. Finally, Inceptionr LLC purchased a new stake in Carlyle Group during the third quarter valued at approximately $1,440,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CG. UBS Group decreased their price target on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a report on Friday, February 20th. Morgan Stanley decreased their price target on shares of Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. BMO Capital Markets decreased their price target on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Royal Bank Of Canada lowered shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price objective on the stock. in a research note on Monday, May 11th. Finally, Cfra lowered shares of Carlyle Group to a “sell” rating and set a $45.00 price objective on the stock. in a research note on Friday, May 8th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Carlyle Group has a consensus rating of “Hold” and an average target price of $62.00.

Carlyle Group Stock Performance

CG opened at $43.53 on Friday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. The company has a market cap of $15.67 billion, a price-to-earnings ratio of 29.82, a PEG ratio of 1.44 and a beta of 1.84. Carlyle Group Inc. has a 52-week low of $41.54 and a 52-week high of $69.85. The firm’s fifty day simple moving average is $47.89 and its two-hundred day simple moving average is $53.34.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The company had revenue of $750.90 million for the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. Carlyle Group’s revenue was down 28.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 earnings per share. Equities analysts anticipate that Carlyle Group Inc. will post 4.05 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were paid a $0.35 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a yield of 3.2%. Carlyle Group’s payout ratio is currently 95.89%.

Insider Transactions at Carlyle Group

In related news, Director David M. Rubenstein sold 500,000 shares of Carlyle Group stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total value of $23,340,000.00. Following the completion of the transaction, the director owned 27,399,644 shares in the company, valued at $1,279,015,381.92. The trade was a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 25.40% of the stock is owned by corporate insiders.

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.