First Mercantile Trust Co. lessened its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 5.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,659 shares of the financial services provider’s stock after selling 259 shares during the quarter. First Mercantile Trust Co.’s holdings in The Carlyle Group were worth $217,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of CG. Samlyn Capital LLC lifted its position in The Carlyle Group by 153.8% in the first quarter. Samlyn Capital LLC now owns 2,939,385 shares of the financial services provider’s stock valued at $108,051,000 after acquiring an additional 1,781,026 shares during the last quarter. Bank of Nova Scotia grew its position in shares of The Carlyle Group by 897.2% in the first quarter. Bank of Nova Scotia now owns 1,226,468 shares of the financial services provider’s stock valued at $45,085,000 after purchasing an additional 1,103,472 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of The Carlyle Group during the first quarter valued at approximately $36,814,000. Renaissance Technologies LLC purchased a new position in The Carlyle Group during the first quarter worth approximately $18,891,000. Finally, Goldman Sachs Group Inc. increased its position in shares of The Carlyle Group by 37.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,473,066 shares of the financial services provider’s stock worth $54,150,000 after acquiring an additional 402,017 shares in the last quarter. Hedge funds and other institutional investors own 39.48% of the company’s stock.
In other The Carlyle Group news, Director David M. Rubenstein sold 1,900,000 shares of the firm’s stock in a transaction that occurred on Friday, August 13th. The shares were sold at an average price of $47.80, for a total value of $90,820,000.00. Following the transaction, the director now directly owns 35,149,644 shares of the company’s stock, valued at approximately $1,680,152,983.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Carlyle Group Management L.L.C sold 70,193 shares of The Carlyle Group stock in a transaction that occurred on Wednesday, June 30th. The shares were sold at an average price of $52.44, for a total transaction of $3,680,920.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,133,101 shares of company stock valued at $543,529,613. 36.30% of the stock is owned by company insiders.
The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Thursday, July 29th. The financial services provider reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.27. The Carlyle Group had a return on equity of 26.95% and a net margin of 38.32%. As a group, equities research analysts predict that The Carlyle Group Inc. will post 3.21 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 17th. Shareholders of record on Tuesday, August 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 9th. This represents a $1.00 dividend on an annualized basis and a yield of 2.04%. The Carlyle Group’s dividend payout ratio is currently 48.78%.
A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of The Carlyle Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $53.00 to $58.00 in a research report on Wednesday, August 11th. Zacks Investment Research upgraded shares of The Carlyle Group from a “hold” rating to a “strong-buy” rating and set a $57.00 price target for the company in a report on Tuesday, August 3rd. BMO Capital Markets raised shares of The Carlyle Group from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $59.00 to $65.00 in a report on Monday. Citigroup upped their target price on shares of The Carlyle Group from $51.50 to $54.50 and gave the stock a “buy” rating in a report on Monday, July 12th. Finally, upped their price target on shares of The Carlyle Group from $49.50 to $51.50 and gave the stock a “buy” rating in a research report on Wednesday, June 16th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $42.50.
The Carlyle Group Profile
The Carlyle Group, Inc engages in a multi-product global alternative asset management. It operates though 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.
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