Thrivent Financial for Lutherans Sells 56,435 Shares of Carlyle Group Inc. $CG

Thrivent Financial for Lutherans decreased its position in Carlyle Group Inc. (NASDAQ:CG) by 28.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,583 shares of the financial services provider’s stock after selling 56,435 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Carlyle Group were worth $8,690,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in shares of Carlyle Group by 150.3% during the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after buying an additional 299 shares in the last quarter. WFA of San Diego LLC acquired a new stake in Carlyle Group in the 2nd quarter worth about $26,000. Geneos Wealth Management Inc. boosted its holdings in Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 574 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Carlyle Group during the second quarter worth approximately $38,000. Finally, Motco acquired a new stake in shares of Carlyle Group in the third quarter valued at approximately $40,000. 55.88% of the stock is currently owned by institutional investors.

Carlyle Group Stock Performance

Shares of Carlyle Group stock opened at $55.41 on Friday. The company’s 50 day moving average price is $60.39 and its two-hundred day moving average price is $60.34. The firm has a market capitalization of $19.97 billion, a P/E ratio of 30.96, a P/E/G ratio of 1.04 and a beta of 2.05. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.49 and a quick ratio of 2.49. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85.

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). The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. On average, equities analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 625,000 shares of the business’s 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 directly owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 26.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CG. Citigroup lowered their price objective on Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. TD Cowen reiterated a “buy” rating on shares of Carlyle Group in a research note on Wednesday, January 14th. Morgan Stanley set a $71.00 target price 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 note on Wednesday, January 7th. Finally, Barclays upped their target price on Carlyle Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.77.

Carlyle Group Company 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.