Guinness Asset Management LTD Has $693,000 Stake in The Carlyle Group Inc. (NASDAQ:CG)

Guinness Asset Management LTD raised its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 42.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,719 shares of the financial services provider’s stock after purchasing an additional 4,113 shares during the quarter. Guinness Asset Management LTD’s holdings in The Carlyle Group were worth $693,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new stake in shares of The Carlyle Group during the third quarter worth about $33,000. Tobam boosted its stake in The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 220 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of The Carlyle Group in the fourth quarter worth approximately $57,000. 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. Finally, Blue Trust Inc. grew its holdings in The Carlyle Group by 147.9% during the third quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock worth $77,000 after buying an additional 1,139 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CG shares. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research note on Friday, January 3rd. Barclays boosted their price target on shares of The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Morgan Stanley lifted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. Finally, Evercore ISI boosted 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven 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 $54.44.

The Carlyle Group Stock Performance

NASDAQ CG opened at $55.24 on Monday. The firm has a market cap of $19.76 billion, a P/E ratio of 190.48, a price-to-earnings-growth ratio of 1.05 and a beta of 1.69. 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 company’s 50 day moving average is $52.02 and its 200-day moving average is $46.98. The Carlyle Group Inc. has a 12-month low of $36.65 and a 12-month high of $55.65.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) 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 firm had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same quarter in the prior year, the business posted $0.87 earnings per share. The business’s quarterly revenue was up 15.2% on a year-over-year basis. Sell-side analysts predict that The Carlyle Group Inc. will post 3.8 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group’s payout ratio is 482.76%.

Insider Activity

In other The Carlyle Group news, 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 completion of the sale, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.