UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 36,549 Shares of The Carlyle Group Inc. (NASDAQ:CG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 2.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,405,206 shares of the financial services provider’s stock after purchasing an additional 36,549 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in The Carlyle Group were worth $60,508,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CG. Tidal Investments LLC acquired a new position in shares of The Carlyle Group during the first quarter valued at $202,000. Swedbank AB acquired a new position in The Carlyle Group during the 1st quarter valued at about $740,000. Cetera Investment Advisers grew its position in shares of The Carlyle Group by 292.1% during the 1st quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock worth $1,574,000 after buying an additional 25,002 shares during the period. Cetera Advisors LLC acquired a new position in The Carlyle Group in the first quarter valued at approximately $773,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in The Carlyle Group by 28.5% in the first quarter. DekaBank Deutsche Girozentrale now owns 41,760 shares of the financial services provider’s stock valued at $1,967,000 after acquiring an additional 9,273 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Stock Down 0.8 %

Shares of The Carlyle Group stock opened at $52.78 on Tuesday. The Carlyle Group Inc. has a 52-week low of $34.72 and a 52-week high of $55.11. 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 business’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 $18.88 billion, a PE ratio of 182.00, a P/E/G ratio of 1.41 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last announced 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 Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. On average, analysts predict that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 2.65%. The Carlyle Group’s payout ratio is presently 482.76%.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’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 value of $1,978,357.24. Following the completion of the sale, the insider now directly owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction 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 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 value of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares in the company, valued at $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 a total of 2,171,556 shares of company stock worth $29,222,475 over the last ninety days. 27.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CG shares. Wells Fargo & Company increased their price target on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Redburn Atlantic started coverage on The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price on the stock. Barclays boosted their target price on The Carlyle Group from $50.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. StockNews.com raised shares of The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 target price on shares of The Carlyle Group in a research note on Wednesday, October 9th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.