Compagnie Lombard Odier SCmA Sells 45,000 Shares of Carlyle Group Inc. $CG

Compagnie Lombard Odier SCmA decreased its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 42.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 62,005 shares of the financial services provider’s stock after selling 45,000 shares during the period. Compagnie Lombard Odier SCmA’s holdings in Carlyle Group were worth $3,888,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CG. Norges Bank acquired a new position in shares of Carlyle Group in the second quarter valued at approximately $150,122,000. Alkeon Capital Management LLC lifted its holdings in shares of Carlyle Group by 13.4% during the second quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock worth $305,384,000 after buying an additional 700,000 shares in the last quarter. Azora Capital LP acquired a new position in shares of Carlyle Group in the second quarter valued at about $30,791,000. Massachusetts Financial Services Co. MA increased its position in Carlyle Group by 6.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,618,075 shares of the financial services provider’s stock worth $477,653,000 after acquiring an additional 479,216 shares during the period. Finally, Vanguard Group Inc. raised its stake in Carlyle Group by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider’s stock worth $1,270,586,000 after purchasing an additional 426,644 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CG shares. Citigroup dropped their price target on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. UBS Group lifted their price objective on Carlyle Group from $74.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Morgan Stanley set a $71.00 target price on Carlyle Group in a report on Tuesday, January 27th. TD Cowen reiterated a “buy” rating on shares of Carlyle Group in a research note on Wednesday, January 14th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Carlyle Group in a report on Wednesday, January 7th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $68.00.

Carlyle Group Stock Up 0.9%

Shares of NASDAQ:CG opened at $59.21 on Tuesday. The business has a fifty day simple moving average of $60.58 and a 200 day simple moving average of $60.31. 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 firm has a market cap of $21.34 billion, a P/E ratio of 33.08, a P/E/G ratio of 1.05 and a beta of 2.05. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $69.85.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Friday, February 6th. The financial services provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.The company’s revenue for the quarter was up 84.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Monday, February 16th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 2.4%. Carlyle Group’s dividend payout ratio is currently 78.21%.

Insider Buying and Selling

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total value of $35,343,750.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 26.30% of the company’s stock.

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.