Alaska Permanent Fund Corp Has $3.06 Million Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Alaska Permanent Fund Corp lessened its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,071 shares of the financial services provider’s stock after selling 2,529 shares during the quarter. Alaska Permanent Fund Corp’s holdings in The Carlyle Group were worth $3,055,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Yousif Capital Management LLC bought a new position in shares of The Carlyle Group in the 4th quarter valued at $4,204,000. GAMMA Investing LLC bought a new position in shares of The Carlyle Group in the 4th quarter valued at $38,000. SlateStone Wealth LLC bought a new position in The Carlyle Group during the 4th quarter worth $286,000. Duality Advisers LP bought a new position in The Carlyle Group during the 4th quarter worth $245,000. Finally, abrdn plc raised its position in The Carlyle Group by 103.0% during the 4th quarter. abrdn plc now owns 72,456 shares of the financial services provider’s stock worth $2,948,000 after purchasing an additional 36,760 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Price Performance

Shares of NASDAQ:CG traded down $0.21 during mid-day trading on Wednesday, reaching $46.12. The company had a trading volume of 1,404,371 shares, compared to its average volume of 2,279,320. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52. The company’s 50-day moving average price is $45.85 and its 200-day moving average price is $39.37. The Carlyle Group Inc. has a one year low of $25.20 and a one year high of $48.52.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The business had revenue of $896.40 million for the quarter, compared to analysts’ expectations of $860.68 million. During the same quarter in the previous year, the firm posted $1.01 EPS. The business’s revenue for the quarter was down 15.4% compared to the same quarter last year. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 3.95 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 23rd were given a dividend of $0.35 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.04%. The Carlyle Group’s dividend payout ratio (DPR) is currently -82.84%.

Insider Activity

In related news, major shareholder Carlyle Group Inc. bought 190,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the transaction, the insider now owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 27.00% of the company’s stock.

Wall Street Analyst Weigh In

CG has been the subject of several research analyst reports. Citigroup lifted their price objective on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. TheStreet lowered The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Morgan Stanley lifted their price objective on The Carlyle Group from $34.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. UBS Group lifted their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Finally, Barclays lifted their price objective on The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.07.

About The Carlyle Group

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.