LPL Financial LLC increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG – Free Report) by 11.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 94,526 shares of the financial services provider’s stock after acquiring an additional 9,471 shares during the period. LPL Financial LLC’s holdings in The Carlyle Group were worth $2,936,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Toroso Investments LLC raised its holdings in The Carlyle Group by 1.9% in the fourth quarter. Toroso Investments LLC now owns 16,518 shares of the financial services provider’s stock worth $493,000 after buying an additional 304 shares during the last quarter. Altshuler Shaham Ltd boosted its position in shares of The Carlyle Group by 13.3% during the fourth quarter. Altshuler Shaham Ltd now owns 3,775 shares of the financial services provider’s stock worth $113,000 after acquiring an additional 442 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of The Carlyle Group by 0.6% in the first quarter. Asset Management One Co. Ltd. now owns 80,384 shares of the financial services provider’s stock valued at $2,497,000 after acquiring an additional 460 shares during the period. American International Group Inc. raised its stake in shares of The Carlyle Group by 27.6% in the second 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 during the period. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of The Carlyle Group by 2.2% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,448 shares of the financial services provider’s stock valued at $580,000 after acquiring an additional 491 shares during the period. Institutional investors own 55.88% of the company’s stock.
Wall Street Analyst Weigh In
CG has been the topic of several recent research reports. Oppenheimer dropped their target price on shares of The Carlyle Group from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. Barclays cut their target price on shares of The Carlyle Group from $38.00 to $37.00 and set an “overweight” rating for the company in a report 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 note on Thursday, August 17th. Citigroup initiated coverage on shares of The Carlyle Group in a research report on Thursday, May 18th. They set a “buy” rating and a $40.00 price target on the stock. Finally, StockNews.com initiated coverage on shares of The Carlyle Group in a report on Saturday, August 19th. They issued a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.36.
Insiders Place Their Bets
In related news, major shareholder Subsidiary Holdings L.L.C. Cg acquired 3,012,049 shares of the stock in a transaction dated Monday, August 28th. The shares were acquired at an average price of $8.30 per share, with a total value of $25,000,006.70. Following the acquisition, the insider now owns 3,012,049 shares in the company, valued at approximately $25,000,006.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Charles Elliott Jr. Andrews sold 6,669 shares of The Carlyle Group stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $32.36, for a total value of $215,808.84. Following the completion of the sale, the chief accounting officer now directly owns 84,745 shares of the company’s stock, valued at approximately $2,742,348.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Subsidiary Holdings L.L.C. Cg purchased 3,012,049 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was purchased at an average price of $8.30 per share, for a total transaction of $25,000,006.70. Following the completion of the acquisition, the insider now owns 3,012,049 shares of the company’s stock, valued at $25,000,006.70. The disclosure for this purchase can be found here. Insiders have sold a total of 84,916 shares of company stock valued at $2,747,882 in the last three months. Insiders own 27.00% of the company’s stock.
The Carlyle Group Price Performance
CG stock opened at $32.70 on Wednesday. The Carlyle Group Inc. has a 52-week low of $24.59 and a 52-week high of $38.32. 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 has a market capitalization of $11.77 billion, a PE ratio of 28.94 and a beta of 1.70. The stock’s 50 day moving average is $32.38 and its two-hundred day moving average is $30.99.
The Carlyle Group (NASDAQ:CG – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.23. The Carlyle Group had a return on equity of 24.12% and a net margin of 13.11%. The company had revenue of $977.90 million during the quarter, compared to analysts’ expectations of $809.12 million. Analysts predict that The Carlyle Group Inc. will post 2.99 earnings per share for the current fiscal year.
The Carlyle Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Shareholders of record on Tuesday, August 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 4.28%. The ex-dividend date was Monday, August 14th. The Carlyle Group’s payout ratio is currently 123.89%.
The Carlyle Group Company 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.
Featured Stories
- Five stocks we like better than The Carlyle Group
- 3 Grocery Stocks That Are Proving They Are Still Essential
- 5 Ways to Play Retail that will Profit in 2023
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- This Is Why It’s Not Too Late For You To Buy Meta Stock
- High Flyers: 3 Natural Gas Stocks for March 2022
- Why Analysts Say GE’s Healthcare Spinoff Has $20 Upside
Want to see what other hedge funds are holding CG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Carlyle Group Inc. (NASDAQ:CG – Free Report).
Receive News & Ratings for The Carlyle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group and related companies with MarketBeat.com's FREE daily email newsletter.
