Cambridge Investment Research Advisors Inc. Trims Position in The Carlyle Group Inc. (NASDAQ:CG)

Cambridge Investment Research Advisors Inc. cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 11.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,912 shares of the financial services provider’s stock after selling 887 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in The Carlyle Group were worth $327,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new position in shares of The Carlyle Group during the 2nd quarter valued at approximately $44,000. Crescent Capital Consulting LLC increased its holdings in shares of The Carlyle Group by 50.0% during the 3rd quarter. Crescent Capital Consulting LLC now owns 1,500 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 500 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of The Carlyle Group during the 2nd quarter valued at approximately $106,000. Ensign Peak Advisors Inc purchased a new position in shares of The Carlyle Group during the 2nd quarter valued at approximately $109,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in The Carlyle Group by 368.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 2,220 shares in the last quarter. 91.06% of the stock is owned by hedge funds and other institutional investors.

Shares of CG stock opened at $51.19 on Friday. The company’s 50-day moving average price is $54.93 and its 200-day moving average price is $51.24. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.65. The stock has a market cap of $18.25 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 0.52 and a beta of 1.41. The Carlyle Group Inc. has a twelve month low of $31.18 and a twelve month high of $60.62.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Thursday, October 28th. The financial services provider reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.50. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.04 billion. The Carlyle Group had a net margin of 38.39% and a return on equity of 36.86%. During the same period in the previous year, the firm earned $0.40 EPS. As a group, equities research analysts predict that The Carlyle Group Inc. will post 4.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 17th. Investors of record on Tuesday, November 9th were issued a $0.25 dividend. The ex-dividend date was Monday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.95%. The Carlyle Group’s dividend payout ratio (DPR) is currently 12.72%.

In other The Carlyle Group news, Director Thomas S. Robertson sold 30,000 shares of the business’s stock in a transaction dated Wednesday, November 3rd. The shares were sold at an average price of $56.68, for a total transaction of $1,700,400.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Carlyle Group Inc. sold 236,565 shares of the business’s stock in a transaction dated Tuesday, October 26th. The stock was sold at an average price of $69.63, for a total transaction of $16,472,020.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,766,565 shares of company stock worth $221,247,421. 36.30% of the stock is owned by insiders.

Several equities research analysts recently commented on CG shares. Morgan Stanley boosted their price target on shares of The Carlyle Group from $53.00 to $57.00 and gave the stock an “equal weight” rating in a report on Friday, October 15th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of The Carlyle Group from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, October 29th. Bank of America started coverage on shares of The Carlyle Group in a report on Thursday, December 16th. They issued a “buy” rating and a $79.00 price target for the company. TheStreet raised shares of The Carlyle Group from a “c+” rating to a “b+” rating in a research note on Wednesday, October 13th. Finally, Zacks Investment Research cut shares of The Carlyle Group from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $51.27.

The Carlyle Group Company 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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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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