Empowered Funds LLC Raises Stake in The Carlyle Group Inc. (NASDAQ:CG)

Empowered Funds LLC increased its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 443.1% during the third quarter, Holdings Channel reports. The institutional investor owned 157,674 shares of the financial services provider’s stock after acquiring an additional 128,644 shares during the period. Empowered Funds LLC’s holdings in The Carlyle Group were worth $6,789,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CG. Tobam purchased a new position in shares of The Carlyle Group in the second quarter valued at $27,000. Blue Trust Inc. increased its holdings in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 643 shares in the last quarter. Rothschild Investment LLC acquired a new position in The Carlyle Group during the second quarter worth about $50,000. 1832 Asset Management L.P. acquired a new stake in shares of The Carlyle Group in the first quarter valued at approximately $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of The Carlyle Group by 1,600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,600 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 924,466 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the sale, the insider now owns 3,643,231 shares in the company, valued at $7,796,514.34. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 value of $25,535,279.26. Following the completion of the transaction, the director now owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,171,556 shares of company stock valued at $29,222,475 in the last three months. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Stock Performance

Shares of NASDAQ:CG opened at $50.46 on Friday. The business’s 50-day simple moving average is $46.95 and its 200 day simple moving average is $43.65. The company has a market cap of $18.05 billion, a P/E ratio of 174.00, a PEG ratio of 1.36 and a beta of 1.70. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a one year low of $31.21 and a one year high of $54.52.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS 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 business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 earnings per share. On average, sell-side analysts forecast that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JMP Securities reissued a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a research report on Wednesday, October 9th. Evercore ISI lifted their price objective on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. UBS Group raised their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Redburn Atlantic initiated coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective for the company. Finally, Wells Fargo & Company boosted their price target on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.33.

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.