Northwestern Mutual Investment Management Company LLC Has $3.64 Million Stake in Carlyle Group Inc. $CG

Northwestern Mutual Investment Management Company LLC boosted its stake in Carlyle Group Inc. (NASDAQ:CG) by 22.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,049 shares of the financial services provider’s stock after purchasing an additional 10,476 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Carlyle Group were worth $3,640,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Allworth Financial LP raised its position in Carlyle Group by 150.3% during the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 299 shares during the last quarter. WFA of San Diego LLC acquired a new position in Carlyle Group in the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. boosted its position in shares of Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 574 shares in the last quarter. Motco bought a new stake in Carlyle Group during the 3rd quarter valued at $40,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Carlyle Group in the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Performance

NASDAQ:CG opened at $54.49 on Monday. The company has a market capitalization of $19.64 billion, a P/E ratio of 25.00, a P/E/G ratio of 1.06 and a beta of 2.05. The business has a fifty day simple moving average of $60.52 and a two-hundred day simple moving average of $60.09. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.49 and a quick ratio of 2.49. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Friday, February 6th. The financial services provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Carlyle Group had a net margin of 16.92% and a return on equity of 23.98%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company earned $0.92 EPS. The firm’s quarterly revenue was up 84.1% on a year-over-year basis. On average, analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Monday, February 16th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 2.6%. Carlyle Group’s payout ratio is 64.22%.

Insider Activity at Carlyle Group

In related news, Director David M. Rubenstein sold 625,000 shares of Carlyle Group stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total value of $35,343,750.00. Following the completion of the transaction, the director directly owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. The trade was a 2.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 26.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on CG shares. TD Cowen restated a “buy” rating on shares of Carlyle Group in a report on Wednesday, January 14th. Barclays boosted their target price on Carlyle Group from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Morgan Stanley set a $71.00 price target on Carlyle Group in a research report on Tuesday, January 27th. Wall Street Zen cut Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Finally, Keefe, Bruyette & Woods decreased their target price on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research report on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Carlyle Group presently has a consensus rating of “Hold” and a consensus price target of $68.08.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.