Winslow Asset Management Inc. Purchases 13,832 Shares of Carlyle Group Inc. $CG

Winslow Asset Management Inc. boosted its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 10.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,881 shares of the financial services provider’s stock after acquiring an additional 13,832 shares during the period. Winslow Asset Management Inc.’s holdings in Carlyle Group were worth $7,395,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Townsquare Capital LLC acquired a new stake in shares of Carlyle Group in the 1st quarter worth $364,000. Invesco Ltd. boosted its holdings in Carlyle Group by 14.2% in the first quarter. Invesco Ltd. now owns 742,934 shares of the financial services provider’s stock worth $32,384,000 after acquiring an additional 92,199 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Carlyle Group during the first quarter worth about $20,793,000. HighTower Advisors LLC raised its position in shares of Carlyle Group by 32.8% in the 1st quarter. HighTower Advisors LLC now owns 56,973 shares of the financial services provider’s stock valued at $2,483,000 after purchasing an additional 14,058 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. grew its position in Carlyle Group by 5.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 67,429 shares of the financial services provider’s stock worth $2,936,000 after purchasing an additional 3,267 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Trading Down 3.0%

Shares of CG stock opened at $58.35 on Friday. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.78. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The company’s 50-day moving average price is $55.75 and its 200-day moving average price is $57.50. The stock has a market cap of $21.03 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 1.44 and a beta of 2.06.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, hitting analysts’ consensus estimates of $0.98. The company had revenue of $782.50 million for the quarter, compared to the consensus estimate of $848.51 million. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. During the same period in the previous year, the firm earned $0.95 earnings per share. As a group, equities analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.4%. Carlyle Group’s payout ratio is presently 78.21%.

Analyst Ratings Changes

CG has been the subject of a number of research analyst reports. Barclays raised their price target on shares of Carlyle Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday. UBS Group assumed coverage on Carlyle Group in a research report on Thursday. They set a “buy” rating and a $74.00 price target for the company. JPMorgan Chase & Co. cut their price objective on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Keefe, Bruyette & Woods decreased their target price on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $66.14.

Insider Activity

In related news, Director David M. Rubenstein sold 625,000 shares of the firm’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 completion of the transaction, the director directly owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This trade represents a 2.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 26.30% of the company’s stock.

Carlyle Group Profile

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.