Duality Advisers LP Invests $390,000 in The Carlyle Group Inc. (NASDAQ:CG)

Posted by Defense World Staff on May 8th, 2023

Duality Advisers LP acquired a new position in The Carlyle Group Inc. (NASDAQ:CG – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,078 shares of the financial services provider’s stock, valued at approximately $390,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. grew its holdings in shares of The Carlyle Group by 0.9% during the fourth quarter. D.A. Davidson & CO. now owns 33,422 shares of the financial services provider’s stock valued at $997,000 after buying an additional 300 shares during the last quarter. Zhang Financial LLC raised its stake in shares of The Carlyle Group by 1.6% in the fourth quarter. Zhang Financial LLC now owns 18,975 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 303 shares during the last quarter. OneAscent Financial Services LLC lifted its holdings in shares of The Carlyle Group by 2.6% in the third quarter. OneAscent Financial Services LLC now owns 16,735 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 417 shares in the last quarter. Moors & Cabot Inc. grew its holdings in The Carlyle Group by 5.0% during the third quarter. Moors & Cabot Inc. now owns 8,903 shares of the financial services provider’s stock worth $230,000 after buying an additional 425 shares in the last quarter. Finally, American International Group Inc. lifted its stake in The Carlyle Group by 27.6% during the 2nd quarter. American International Group Inc. now owns 2,166 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 468 shares in the last quarter. 52.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on CG shares. The Goldman Sachs Group raised their price target on shares of The Carlyle Group from $37.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of The Carlyle Group from $41.00 to $39.00 in a research report on Friday. Morgan Stanley decreased their price target on The Carlyle Group from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 19th. BMO Capital Markets cut their price objective on The Carlyle Group from $44.00 to $37.00 in a research report on Friday. Finally, Barclays lowered their target price on The Carlyle Group from $41.00 to $32.00 in a research note on Friday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group currently has an average rating of “Hold” and an average target price of $38.50.

Insider Transactions at The Carlyle Group

In related news, insider Bruce M. Larson sold 19,476 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $36.10, for a total value of $703,083.60. Following the sale, the insider now directly owns 416,482 shares of the company’s stock, valued at $15,035,000.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Bruce M. Larson sold 19,476 shares of The Carlyle Group stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $36.10, for a total transaction of $703,083.60. Following the completion of the sale, the insider now directly owns 416,482 shares of the company’s stock, valued at approximately $15,035,000.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Jeffrey W. Ferguson sold 12,053 shares of The Carlyle Group stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $36.10, for a total transaction of $435,113.30. Following the sale, the general counsel now directly owns 1,194,830 shares of the company’s stock, valued at $43,133,363. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,686 shares of company stock valued at $2,587,865. 27.00% of the stock is currently owned by corporate insiders.

The Carlyle Group Price Performance

NASDAQ CG opened at $26.70 on Monday. The company has a market cap of $9.67 billion, a PE ratio of 12.90 and a beta of 1.67. The Carlyle Group Inc. has a 52 week low of $24.59 and a 52 week high of $40.73. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 1.20. The firm’s 50-day simple moving average is $30.84 and its two-hundred day simple moving average is $31.12.

The Carlyle Group (NASDAQ:CG – Get Rating) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02). The Carlyle Group had a return on equity of 26.06% and a net margin of 20.29%. The firm had revenue of $754.20 million during the quarter, compared to analysts’ expectations of $805.50 million. During the same period in the previous year, the company posted $0.74 earnings per share. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. Research analysts predict that The Carlyle Group Inc. will post 3.15 earnings per share for the current year.

The Carlyle Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 23rd. Stockholders of record on Tuesday, May 16th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.24%. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, May 15th. The Carlyle Group’s dividend payout ratio is presently 62.80%.

About The Carlyle Group

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The Carlyle Group, Inc engages in multi-product global alternative asset management. It operates through the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.