Retireful LLC Takes $734,000 Position in Carlyle Group Inc. $CG

Retireful LLC purchased a new stake in Carlyle Group Inc. (NASDAQ:CG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,703 shares of the financial services provider’s stock, valued at approximately $734,000.

Several other hedge funds have also recently bought and sold shares of CG. Norges Bank bought a new position in shares of Carlyle Group in the second quarter valued at approximately $150,122,000. Alkeon Capital Management LLC raised its position in Carlyle Group by 13.4% in the 2nd quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock valued at $305,384,000 after purchasing an additional 700,000 shares during the last quarter. Azora Capital LP acquired a new position in shares of Carlyle Group during the second quarter worth approximately $30,791,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Carlyle Group by 37.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,604,610 shares of the financial services provider’s stock valued at $69,945,000 after acquiring an additional 441,276 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Carlyle Group by 1.8% during the second quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider’s stock worth $1,270,586,000 after buying an additional 426,644 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 625,000 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total value of $35,343,750.00. Following the transaction, the director directly owned 27,999,644 shares of the company’s stock, valued at $1,583,379,868.20. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 26.30% of the stock is currently owned by corporate insiders.

Carlyle Group Price Performance

Shares of CG opened at $61.09 on Monday. The company’s fifty day simple moving average is $55.86 and its 200 day simple moving average is $58.56. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $69.85. The company has a market cap of $22.02 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 1.32 and a beta of 2.06. 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 (NASDAQ:CG) last issued its earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.98. The company had revenue of $782.50 million for the quarter, compared to analysts’ expectations 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 prior year, the firm earned $0.95 EPS. On average, research analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 annualized dividend and a yield of 2.3%. Carlyle Group’s dividend payout ratio (DPR) is currently 78.21%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, October 8th. BMO Capital Markets started coverage on Carlyle Group in a report on Friday, October 3rd. They set an “outperform” rating and a $74.00 target price for the company. TD Cowen reduced their price objective on Carlyle Group from $78.00 to $77.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Morgan Stanley upped their price target on Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Finally, Evercore ISI cut their price objective on shares of Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a research report on Monday, November 3rd. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $66.14.

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.