American Century Companies Inc. Has $4.49 Million Holdings in The Carlyle Group Inc. (NASDAQ:CG)

American Century Companies Inc. trimmed its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 25.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 148,883 shares of the financial services provider’s stock after selling 50,183 shares during the period. American Century Companies Inc.’s holdings in The Carlyle Group were worth $4,490,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Morgan Stanley lifted its holdings in The Carlyle Group by 11.3% during the 4th quarter. Morgan Stanley now owns 24,697,730 shares of the financial services provider’s stock valued at $736,980,000 after purchasing an additional 2,514,895 shares during the last quarter. Vanguard Group Inc. lifted its holdings in The Carlyle Group by 6.0% during the 3rd quarter. Vanguard Group Inc. now owns 24,132,777 shares of the financial services provider’s stock valued at $623,591,000 after purchasing an additional 1,376,229 shares during the last quarter. BlackRock Inc. lifted its holdings in The Carlyle Group by 18.0% during the 2nd quarter. BlackRock Inc. now owns 21,914,066 shares of the financial services provider’s stock valued at $700,154,000 after purchasing an additional 3,340,328 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in The Carlyle Group by 65.9% during the 3rd quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock valued at $267,743,000 after purchasing an additional 3,524,794 shares during the last quarter. Finally, Ariel Investments LLC lifted its holdings in The Carlyle Group by 16.9% during the 3rd quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock valued at $191,954,000 after purchasing an additional 918,114 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder Carlyle Group Inc. purchased 190,000 shares of The Carlyle Group stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the acquisition, the insider now directly owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 27.00% of the company’s stock.

Analysts Set New Price Targets

CG has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on shares of The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. Barclays raised their price objective on shares of The Carlyle Group from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Evercore ISI cut shares of The Carlyle Group from an “outperform” rating to an “in-line” rating and set a $32.00 price objective for the company. in a research report on Wednesday, November 29th. JMP Securities raised their price objective on shares of The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley lifted their price target on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group currently has a consensus rating of “Hold” and a consensus target price of $41.93.

The Carlyle Group Stock Up 0.7 %

Shares of NASDAQ:CG opened at $46.78 on Thursday. The Carlyle Group Inc. has a 52 week low of $25.20 and a 52 week high of $48.52. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27. The company has a market capitalization of $16.94 billion, a PE ratio of -27.68, a PEG ratio of 1.03 and a beta of 1.80. The company has a 50 day moving average price of $44.05 and a two-hundred day moving average price of $37.30.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The firm had revenue of $896.40 million during the quarter, compared to the consensus estimate of $860.68 million. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The business’s quarterly revenue was down 15.4% on a year-over-year basis. Analysts forecast that The Carlyle Group Inc. will post 3.88 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.99%. The ex-dividend date of this dividend was Thursday, February 22nd. The Carlyle Group’s dividend payout ratio (DPR) is presently -82.84%.

The Carlyle Group Company 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.