Nomura Asset Management Co. Ltd. Trims Holdings in Carlyle Group Inc. $CG

Nomura Asset Management Co. Ltd. decreased its holdings in Carlyle Group Inc. (NASDAQ:CG) by 18.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,849 shares of the financial services provider’s stock after selling 17,348 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Carlyle Group were worth $4,661,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in Carlyle Group by 28.7% in the 3rd quarter. Fifth Third Bancorp now owns 107,198 shares of the financial services provider’s stock valued at $6,721,000 after buying an additional 23,901 shares during the period. Swiss Life Asset Management Ltd increased its stake in Carlyle Group by 162.3% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 119,907 shares of the financial services provider’s stock valued at $7,518,000 after buying an additional 74,190 shares during the period. Vanguard Group Inc. increased its stake in Carlyle Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock valued at $1,594,712,000 after buying an additional 714,428 shares during the period. Onyx Bridge Wealth Group LLC acquired a new position in Carlyle Group in the 3rd quarter valued at $1,564,000. Finally, Inceptionr LLC acquired a new position in Carlyle Group in the 3rd quarter valued at $1,440,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CG shares. BMO Capital Markets dropped their price objective on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. Barclays dropped their price objective on shares of Carlyle Group from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. UBS Group dropped their price objective on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Morgan Stanley dropped their price objective on shares of Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Finally, Cfra cut shares of Carlyle Group to a “sell” rating and set a $45.00 price target on the stock. in a research note on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.00.

Carlyle Group Price Performance

NASDAQ:CG opened at $43.53 on Friday. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 1.44 and a beta of 1.84. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92. The company’s 50-day moving average is $47.89 and its two-hundred day moving average is $53.34. Carlyle Group Inc. has a 12-month low of $41.54 and a 12-month high of $69.85.

Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The firm had revenue of $750.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. Carlyle Group’s revenue for the quarter was down 28.0% on a year-over-year basis. During the same quarter last year, the company posted $1.14 earnings per share. Research analysts expect that Carlyle Group Inc. will post 4.05 EPS for the current year.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, May 18th. Carlyle Group’s dividend payout ratio (DPR) is currently 95.89%.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 500,000 shares of Carlyle Group stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the sale, the director owned 27,399,644 shares in the company, valued at $1,279,015,381.92. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 25.40% of the company’s stock.

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.