Sumitomo Mitsui Trust Group Inc. Has $21.60 Million Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 501,647 shares of the financial services provider’s stock after buying an additional 10,448 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.14% of The Carlyle Group worth $21,601,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CG. Envestnet Portfolio Solutions Inc. bought a new stake in shares of The Carlyle Group in the 1st quarter worth $212,000. Blair William & Co. IL grew its position in The Carlyle Group by 6.3% during the first quarter. Blair William & Co. IL now owns 45,823 shares of the financial services provider’s stock valued at $2,150,000 after buying an additional 2,715 shares during the period. Intech Investment Management LLC bought a new position in The Carlyle Group during the first quarter valued at about $269,000. Edgestream Partners L.P. grew its position in The Carlyle Group by 223.1% during the first quarter. Edgestream Partners L.P. now owns 40,194 shares of the financial services provider’s stock valued at $1,886,000 after buying an additional 27,752 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new position in The Carlyle Group during the first quarter valued at about $228,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Buying and Selling at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the sale, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. The trade was a 1.50 % 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 the SEC website. Also, major shareholder Carlyle Group Inc. sold 133,643 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the sale, the insider now owns 4,767,697 shares of the company’s stock, valued at approximately $11,966,919.47. The trade was a 2.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,171,556 shares of company stock worth $29,222,475. 27.20% of the stock is owned by insiders.

Analyst Ratings Changes

CG has been the subject of several research reports. Oppenheimer increased their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Wells Fargo & Company upped their price objective on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, November 8th. UBS Group upped their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Evercore ISI upped their price objective on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $53.33.

The Carlyle Group Stock Down 1.2 %

NASDAQ CG opened at $50.46 on Monday. The stock has a market cap of $18.05 billion, a PE ratio of 174.00, a P/E/G ratio of 1.33 and a beta of 1.70. The Carlyle Group Inc. has a 12 month low of $31.21 and a 12 month high of $54.52. The stock’s 50 day moving average is $46.95 and its 200 day moving average is $43.66. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The company had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The Carlyle Group’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. Research analysts predict that The Carlyle Group Inc. will post 3.77 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is currently 482.76%.

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.