Nomura Asset Management Co. Ltd. Sells 266 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Nomura Asset Management Co. Ltd. lessened its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 0.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 67,812 shares of the financial services provider’s stock after selling 266 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in The Carlyle Group were worth $2,920,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Tobam purchased a new stake in The Carlyle Group in the 2nd quarter worth about $27,000. Blue Trust Inc. boosted its position in The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 643 shares during the period. Brooklyn Investment Group bought a new stake in shares of The Carlyle Group in the third quarter valued at approximately $33,000. Rothschild Investment LLC purchased a new stake in shares of The Carlyle Group during the 2nd quarter valued at approximately $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in The Carlyle Group by 1,600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,600 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

CG opened at $52.64 on Friday. 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 stock has a market capitalization of $18.83 billion, a P/E ratio of 181.52, a PEG ratio of 1.45 and a beta of 1.69. The stock has a 50-day moving average price of $51.21 and a 200-day moving average price of $45.05. The Carlyle Group Inc. has a 12-month low of $36.65 and a 12-month high of $55.11.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating 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 quarterly revenue was up 15.2% on a year-over-year basis. During the same period last year, the business earned $0.87 earnings per share. Equities 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 firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.66%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s dividend payout ratio is presently 482.76%.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the sale, the insider now directly owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were 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 approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,171,556 shares of company stock valued at $29,222,475. 27.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CG shares. JPMorgan Chase & Co. raised their price target on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Evercore ISI raised their target price on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Oppenheimer increased their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods upped their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Finally, TD Cowen raised their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, The Carlyle Group has an average rating of “Hold” and an average price target of $54.00.

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.