Sigma Planning Corp decreased its stake in shares of The Carlyle Group Inc. (NASDAQ:CG – Free Report) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,136 shares of the financial services provider’s stock after selling 558 shares during the quarter. Sigma Planning Corp’s holdings in The Carlyle Group were worth $1,427,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Capital World Investors raised its position in shares of The Carlyle Group by 0.4% during the first quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after purchasing an additional 79,681 shares during the period. Ariel Investments LLC raised its holdings in The Carlyle Group by 1.1% during the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock worth $198,250,000 after buying an additional 54,805 shares during the last quarter. Capital International Investors acquired a new position in shares of The Carlyle Group during the first quarter valued at about $142,511,000. Bank of New York Mellon Corp raised its holdings in shares of The Carlyle Group by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider’s stock worth $109,524,000 after acquiring an additional 55,662 shares during the last quarter. Finally, Boston Partners bought a new position in The Carlyle Group in the 1st quarter valued at about $109,122,000. Institutional investors and hedge funds own 55.88% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on CG shares. StockNews.com raised shares of The Carlyle Group from a “sell” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods upped their price objective on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. UBS Group lifted their target price on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a research report on Wednesday, October 9th. Finally, Evercore ISI boosted their price objective on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.33.
Insiders Place Their Bets
In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the transaction, the insider now directly owns 3,643,231 shares in the company, valued at $7,796,514.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 1,676,014 shares of company stock valued at $3,687,196 over the last three months. Insiders own 27.20% of the company’s stock.
The Carlyle Group Trading Down 1.9 %
Shares of CG opened at $52.27 on Wednesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.55. The Carlyle Group Inc. has a 1-year low of $29.56 and a 1-year high of $54.52. The company has a market capitalization of $18.63 billion, a P/E ratio of 180.24, a P/E/G ratio of 1.33 and a beta of 1.70. The firm’s 50 day simple moving average is $46.16 and its 200 day simple moving average is $43.52.
The Carlyle Group (NASDAQ:CG – Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The firm had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 earnings per share. Sell-side analysts forecast that The Carlyle Group Inc. will post 3.72 earnings per share for the current fiscal year.
The Carlyle Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Monday, November 18th. The Carlyle Group’s dividend payout ratio is currently 482.76%.
About The Carlyle Group
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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