Alkeon Capital Management LLC Sells 6,134 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Alkeon Capital Management LLC lowered its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 0.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,239,907 shares of the financial services provider’s stock after selling 6,134 shares during the quarter. The Carlyle Group makes up approximately 0.6% of Alkeon Capital Management LLC’s holdings, making the stock its 25th biggest holding. Alkeon Capital Management LLC owned approximately 2.30% of The Carlyle Group worth $354,810,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ariel Investments LLC grew its holdings in shares of The Carlyle Group by 1.1% during the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock worth $198,250,000 after purchasing an additional 54,805 shares during the last quarter. FMR LLC raised its stake in shares of The Carlyle Group by 72.8% in the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after acquiring an additional 1,707,520 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of The Carlyle Group by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider’s stock worth $109,524,000 after purchasing an additional 55,662 shares in the last quarter. Boston Partners acquired a new stake in shares of The Carlyle Group in the first quarter valued at approximately $109,122,000. Finally, Dimensional Fund Advisors LP lifted its holdings in The Carlyle Group by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,266,595 shares of the financial services provider’s stock worth $90,999,000 after buying an additional 137,541 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $52.70 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The firm has a market cap of $18.85 billion, a price-to-earnings ratio of 181.72, a price-to-earnings-growth ratio of 1.44 and a beta of 1.70. The Carlyle Group Inc. has a one year low of $34.10 and a one year high of $55.11. The stock’s 50-day moving average is $49.00 and its 200-day moving average is $44.26.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results 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 net margin of 2.21% and a return on equity of 24.91%. The company had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same period last year, the business earned $0.87 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. 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 business also recently disclosed 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 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s payout ratio is 482.76%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Redburn Atlantic initiated coverage on The Carlyle Group in a research note on Tuesday, August 27th. They set a “buy” rating and a $55.00 price target on the stock. Keefe, Bruyette & Woods boosted their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Oppenheimer lifted their target price 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. TD Cowen lifted their price objective on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Finally, JMP Securities reissued 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. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $53.33.

Insider Buying and Selling

In other news, Director Daniel A. D’aniello sold 495,542 shares of the company’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 sale, the director now directly owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Carlyle Group Inc. sold 133,643 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $2.51, for a total value of $335,443.93. Following the transaction, the insider now directly owns 4,767,697 shares in the company, valued at approximately $11,966,919.47. This trade represents a 2.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,171,556 shares of company stock worth $29,222,475. Corporate insiders own 27.20% of the company’s stock.

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.