Robeco Institutional Asset Management B.V. trimmed its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG – Free Report) by 37.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 449,064 shares of the financial services provider’s stock after selling 265,631 shares during the period. Robeco Institutional Asset Management B.V. owned 0.12% of The Carlyle Group worth $14,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of New York Mellon Corp raised its stake in The Carlyle Group by 3.6% during the 1st quarter. Bank of New York Mellon Corp now owns 586,876 shares of the financial services provider’s stock worth $28,704,000 after acquiring an additional 20,136 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of The Carlyle Group by 7.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,786 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 531 shares during the period. Cetera Advisor Networks LLC acquired a new position in The Carlyle Group during the first quarter worth approximately $200,000. MetLife Investment Management LLC purchased a new stake in The Carlyle Group in the first quarter valued at approximately $159,000. Finally, BlackRock Inc. grew its position in shares of The Carlyle Group by 7.2% during the first quarter. BlackRock Inc. now owns 15,257,115 shares of the financial services provider’s stock worth $746,227,000 after acquiring an additional 1,020,504 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.
Insider Buying and Selling
In other The Carlyle Group news, major shareholder Subsidiary Holdings L.L.C. Cg acquired 3,012,049 shares of the stock in a transaction dated Monday, August 28th. The stock was acquired at an average price of $8.30 per share, with a total value of $25,000,006.70. Following the completion of the transaction, the insider now directly owns 3,012,049 shares in the company, valued at $25,000,006.70. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, major shareholder Subsidiary Holdings L.L.C. Cg acquired 3,012,049 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was acquired at an average cost of $8.30 per share, for a total transaction of $25,000,006.70. Following the acquisition, the insider now directly owns 3,012,049 shares in the company, valued at approximately $25,000,006.70. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Curtis L. Buser sold 25,828 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $32.36, for a total value of $835,794.08. Following the sale, the chief financial officer now directly owns 1,221,416 shares of the company’s stock, valued at approximately $39,525,021.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 84,916 shares of company stock worth $2,747,882. 27.00% of the stock is owned by corporate insiders.
The Carlyle Group Stock Performance
The Carlyle Group (NASDAQ:CG – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.23. The business had revenue of $977.90 million during the quarter, compared to the consensus estimate of $809.12 million. The Carlyle Group had a return on equity of 24.12% and a net margin of 13.11%. As a group, equities analysts anticipate that The Carlyle Group Inc. will post 2.98 EPS for the current fiscal year.
The Carlyle Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Tuesday, August 15th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 4.73%. The ex-dividend date was Monday, August 14th. The Carlyle Group’s payout ratio is 123.89%.
Wall Street Analyst Weigh In
A number of research analysts have commented on CG shares. Barclays dropped their price objective on shares of The Carlyle Group from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, August 3rd. Wolfe Research began coverage on The Carlyle Group in a research report on Wednesday, October 4th. They set a “market perform” rating for the company. TheStreet cut The Carlyle Group from a “b-” rating to a “c+” rating in a research note on Tuesday, August 15th. StockNews.com assumed coverage on shares of The Carlyle Group in a research report on Thursday. They set a “sell” rating for the company. Finally, UBS Group lifted their target price on shares of The Carlyle Group from $28.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $40.14.
About The Carlyle Group
The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.
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