Edmond DE Rothschild Holding S.A. Has $665,000 Stock Position in Carlyle Group Inc. $CG

Edmond DE Rothschild Holding S.A. lessened its stake in Carlyle Group Inc. (NASDAQ:CG) by 93.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,941 shares of the financial services provider’s stock after selling 179,716 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Carlyle Group were worth $665,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Carlyle Group by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock valued at $1,058,929,000 after buying an additional 1,131,514 shares in the last quarter. Citigroup Inc. lifted its stake in Carlyle Group by 484.4% during the first quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider’s stock worth $27,176,000 after purchasing an additional 516,761 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Carlyle Group by 21.7% in the 1st quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider’s stock valued at $118,684,000 after purchasing an additional 485,488 shares in the last quarter. Nuveen LLC bought a new position in Carlyle Group in the first quarter valued at about $20,793,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew 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 worth $69,945,000 after buying an additional 441,276 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Stock Performance

NASDAQ:CG opened at $53.50 on Thursday. The firm has a market capitalization of $19.28 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.22 and a beta of 2.01. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The company has a fifty day moving average of $57.75 and a 200-day moving average of $56.61. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. Carlyle Group had a net margin of 20.22% and a return on equity of 23.60%. The company had revenue of $782.50 million for the quarter, compared to analysts’ expectations of $848.51 million. During the same quarter in the prior year, the firm earned $0.95 EPS. As a group, sell-side analysts anticipate that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, November 10th. Carlyle Group’s dividend payout ratio (DPR) is currently 78.21%.

Analyst Ratings Changes

CG has been the subject of a number of research reports. BMO Capital Markets assumed coverage on shares of Carlyle Group in a report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price objective for the company. Barclays reaffirmed an “overweight” rating and issued a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. JPMorgan Chase & Co. decreased their target price on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Jefferies Financial Group increased their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Carlyle Group currently has an average rating of “Hold” and an average price target of $66.00.

About 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.