Caisse DE Depot ET Placement DU Quebec Sells 754 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Caisse DE Depot ET Placement DU Quebec reduced its position in The Carlyle Group Inc. (NASDAQ:CG) by 0.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 442,841 shares of the financial services provider’s stock after selling 754 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.12% of The Carlyle Group worth $19,069,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Verition Fund Management LLC purchased a new stake in shares of The Carlyle Group during the third quarter worth $316,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in The Carlyle Group by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,206 shares of the financial services provider’s stock worth $60,508,000 after purchasing an additional 36,549 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in The Carlyle Group by 3.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 94,460 shares of the financial services provider’s stock worth $4,067,000 after purchasing an additional 3,323 shares during the period. Brooklyn Investment Group bought a new stake in shares of The Carlyle Group during the third quarter valued at about $33,000. Finally, FMR LLC lifted its holdings in shares of The Carlyle Group by 72.8% in the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after buying an additional 1,707,520 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CG has been the topic of a number of analyst reports. Barclays upped their target price on shares of The Carlyle Group from $50.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Redburn Atlantic assumed coverage on The Carlyle Group in a research report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Morgan Stanley lifted their price target on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, JMP Securities reiterated a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a research report on Wednesday, October 9th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $53.33.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 133,643 shares of the firm’s stock in a transaction dated 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 directly owns 4,767,697 shares in the company, valued at $11,966,919.47. This trade represents a 2.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the company’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 value of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,171,556 shares of company stock valued at $29,222,475 in the last 90 days. Insiders own 27.20% of the company’s stock.

The Carlyle Group Price Performance

CG opened at $53.23 on Monday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group Inc. has a 1 year low of $34.13 and a 1 year high of $55.11. The stock’s 50 day simple moving average is $49.36 and its 200 day simple moving average is $44.41. The firm has a market cap of $19.04 billion, a price-to-earnings ratio of 183.55, a PEG ratio of 1.41 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 earnings per share. As a group, analysts predict that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.63%. The Carlyle Group’s dividend payout ratio is presently 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.