Sumitomo Mitsui Trust Group Inc. Grows Position in Carlyle Group Inc. $CG

Sumitomo Mitsui Trust Group Inc. lifted its position in Carlyle Group Inc. (NASDAQ:CG) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 534,583 shares of the financial services provider’s stock after purchasing an additional 11,202 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.15% of Carlyle Group worth $33,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CG. MGO One Seven LLC boosted its stake in shares of Carlyle Group by 26.2% during the 3rd quarter. MGO One Seven LLC now owns 5,961 shares of the financial services provider’s stock worth $374,000 after acquiring an additional 1,236 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Carlyle Group by 111.1% in the 3rd quarter. New York State Teachers Retirement System now owns 93,386 shares of the financial services provider’s stock worth $5,855,000 after purchasing an additional 49,140 shares during the period. Forum Financial Management LP boosted its position in Carlyle Group by 11.0% during the third quarter. Forum Financial Management LP now owns 8,908 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 882 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of Carlyle Group by 20.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 52,486 shares of the financial services provider’s stock valued at $3,291,000 after buying an additional 8,800 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Carlyle Group by 17.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 28,162 shares of the financial services provider’s stock worth $1,765,000 after buying an additional 4,212 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Price Performance

NASDAQ:CG opened at $65.62 on Friday. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85. The stock has a market cap of $23.65 billion, a PE ratio of 36.66, a P/E/G ratio of 1.16 and a beta of 2.04. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49. The stock has a 50 day moving average price of $58.21 and a 200 day moving average price of $60.01.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.98. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.The company had revenue of $782.50 million for the quarter, compared to analyst estimates of $848.51 million. During the same quarter in the previous year, the company posted $0.95 earnings per share. Equities research analysts expect that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.1%. The ex-dividend date was Monday, November 10th. Carlyle Group’s dividend payout ratio (DPR) is presently 78.21%.

Insiders Place Their Bets

In other news, Director David M. Rubenstein sold 625,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 26.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CG has been the subject of several recent analyst reports. Wolfe Research reissued an “outperform” rating on shares of Carlyle Group in a report on Wednesday, January 7th. UBS Group boosted their target price on shares of Carlyle Group from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday. Evercore ISI decreased their price target on shares of Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a research note on Monday, November 3rd. Morgan Stanley boosted their price objective on Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. Finally, Citigroup lowered their price target on Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $67.08.

About Carlyle Group

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.