The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,593 shares of the financial services provider’s stock after selling 410 shares during the quarter. PNC Financial Services Group Inc.’s holdings in The Carlyle Group were worth $1,231,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ariel Investments LLC lifted its position in shares of The Carlyle Group by 1.1% in the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock valued at $198,250,000 after acquiring an additional 54,805 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of The Carlyle Group by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider’s stock worth $109,524,000 after acquiring an additional 55,662 shares during the last quarter. Boston Partners acquired a new position in The Carlyle Group in the 1st quarter valued at about $109,122,000. Dimensional Fund Advisors LP increased its stake in The Carlyle Group by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,266,595 shares of the financial services provider’s stock worth $90,999,000 after acquiring an additional 137,541 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in The Carlyle Group by 17,468.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock valued at $68,887,000 after buying an additional 1,705,982 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Activity

In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the transaction, the insider now owns 3,643,231 shares in the company, valued at $7,796,514.34. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group 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 transaction, the director now 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 disclosure for this sale can be found here. Insiders sold 2,171,556 shares of company stock worth $29,222,475 over the last three months. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $52.70 on Thursday. The business has a 50 day simple moving average of $48.80 and a 200-day simple moving average of $44.20. The Carlyle Group Inc. has a twelve month low of $34.10 and a twelve month high of $55.11. The company has a market capitalization of $18.85 billion, a price-to-earnings ratio of 181.72, a price-to-earnings-growth ratio of 1.44 and a beta of 1.70. 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 data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 EPS. As a group, equities research analysts expect that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a dividend of $0.35 per share. The ex-dividend date was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.66%. The Carlyle Group’s dividend payout ratio (DPR) is 482.76%.

Analyst Ratings Changes

Several brokerages recently weighed in on CG. Deutsche Bank Aktiengesellschaft cut their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Keefe, Bruyette & Woods raised their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. TD Cowen increased their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Barclays lifted their target price on shares of The Carlyle Group from $50.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.33.

The Carlyle Group 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.