Commonwealth Equity Services LLC trimmed its position in shares of The Carlyle Group Inc. (NASDAQ:CG – Free Report) by 0.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,324 shares of the financial services provider’s stock after selling 1,008 shares during the period. Commonwealth Equity Services LLC’s holdings in The Carlyle Group were worth $3,333,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morgan Stanley raised its stake in shares of The Carlyle Group by 11.3% during the fourth quarter. Morgan Stanley now owns 24,697,730 shares of the financial services provider’s stock valued at $736,980,000 after purchasing an additional 2,514,895 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of The Carlyle Group by 6.0% in the 3rd quarter. Vanguard Group Inc. now owns 24,132,777 shares of the financial services provider’s stock worth $623,591,000 after acquiring an additional 1,376,229 shares during the period. BlackRock Inc. increased its stake in shares of The Carlyle Group by 7.2% during the first quarter. BlackRock Inc. now owns 15,257,115 shares of the financial services provider’s stock valued at $746,227,000 after acquiring an additional 1,020,504 shares during the period. Alkeon Capital Management LLC lifted its position in The Carlyle Group by 2.6% in the fourth quarter. Alkeon Capital Management LLC now owns 13,125,161 shares of the financial services provider’s stock worth $391,655,000 after purchasing an additional 333,224 shares during the period. Finally, State Street Corp increased its position in shares of The Carlyle Group by 13.2% during the 3rd quarter. State Street Corp now owns 5,193,757 shares of the financial services provider’s stock valued at $134,207,000 after purchasing an additional 605,112 shares during the period. Institutional investors own 55.88% of the company’s stock.
The Carlyle Group Trading Up 1.0 %
NASDAQ:CG opened at $32.67 on Tuesday. The company has a quick ratio of 2.79, a current ratio of 2.80 and a debt-to-equity ratio of 1.32. The company’s 50 day moving average is $32.33 and its 200-day moving average is $31.00. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 28.91 and a beta of 1.70. The Carlyle Group Inc. has a 12 month low of $24.59 and a 12 month high of $38.32.
The Carlyle Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Tuesday, August 15th were given a $0.35 dividend. The ex-dividend date was Monday, August 14th. This represents a $1.40 annualized dividend and a yield of 4.29%. The Carlyle Group’s dividend payout ratio is 123.89%.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. TheStreet downgraded shares of The Carlyle Group from a “b-” rating to a “c+” rating in a report on Tuesday, August 15th. Piper Sandler reduced their price objective on The Carlyle Group from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, August 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $52.00 target price on shares of The Carlyle Group in a research report on Thursday, August 17th. Morgan Stanley lifted their price target on The Carlyle Group from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 3rd. Finally, Citigroup began coverage on shares of The Carlyle Group in a research note on Thursday, May 18th. They set a “buy” rating and a $40.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.36.
Check Out Our Latest Stock Report on CG
Insider Transactions at The Carlyle Group
In other news, major shareholder Subsidiary Holdings L.L.C. Cg acquired 3,012,049 shares of The Carlyle Group stock in a transaction on Monday, August 28th. The stock was bought at an average price of $8.30 per share, for a total transaction of $25,000,006.70. Following the transaction, the insider now owns 3,012,049 shares of the company’s stock, valued at $25,000,006.70. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other The Carlyle Group news, insider Bruce M. Larson sold 13,413 shares of The Carlyle Group stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $32.36, for a total transaction of $434,044.68. Following the sale, the insider now directly owns 403,069 shares of the company’s stock, valued at $13,043,312.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Subsidiary Holdings L.L.C. Cg bought 3,012,049 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was bought at an average cost of $8.30 per share, with a total value of $25,000,006.70. Following the completion of the acquisition, the insider now owns 3,012,049 shares in the company, valued at approximately $25,000,006.70. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 84,916 shares of company stock worth $2,747,882. 27.00% of the stock is currently owned by company insiders.
The Carlyle Group 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.
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