KBC Group NV Has $2.35 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

KBC Group NV lifted its position in The Carlyle Group Inc. (NASDAQ:CG) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,539 shares of the financial services provider’s stock after acquiring an additional 1,024 shares during the period. KBC Group NV’s holdings in The Carlyle Group were worth $2,349,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Tobam bought a new stake in The Carlyle Group during the 2nd quarter worth approximately $27,000. Blue Trust Inc. lifted its position in The Carlyle Group by 506.3% in 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 in the 2nd quarter worth $50,000. 1832 Asset Management L.P. acquired a new stake in shares of The Carlyle Group in the 1st quarter valued at about $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Redburn Atlantic began coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They set a “buy” rating and a $55.00 target price for the company. StockNews.com upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. TD Cowen increased their price target on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company raised their target price on shares of 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. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $53.33.

The Carlyle Group Price Performance

CG stock opened at $50.86 on Tuesday. The company’s 50-day moving average price is $47.21 and its two-hundred day moving average price is $43.74. The Carlyle Group Inc. has a 12 month low of $31.21 and a 12 month high of $54.52. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The firm has a market cap of $18.19 billion, a P/E ratio of 175.38, a P/E/G ratio of 1.33 and a beta of 1.70.

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

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is currently 482.76%.

Insider Activity

In other news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the sale, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. The trade was a 20.24 % 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 over the last quarter. 27.20% of the stock is owned by company insiders.

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.