PNC Financial Services Group Inc. Buys 3,145 Shares of The Carlyle Group Inc. (NASDAQ:CG)

PNC Financial Services Group Inc. grew its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 12.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,192 shares of the financial services provider’s stock after acquiring an additional 3,145 shares during the quarter. PNC Financial Services Group Inc.’s holdings in The Carlyle Group were worth $1,188,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. HighTower Advisors LLC boosted its position in The Carlyle Group by 13.8% in the third quarter. HighTower Advisors LLC now owns 37,377 shares of the financial services provider’s stock worth $1,121,000 after purchasing an additional 4,534 shares during the last quarter. Rhumbline Advisers boosted its position in The Carlyle Group by 1.2% in the third quarter. Rhumbline Advisers now owns 239,705 shares of the financial services provider’s stock worth $7,229,000 after purchasing an additional 2,764 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in The Carlyle Group in the third quarter worth about $221,000. Envestnet Asset Management Inc. lifted its position in shares of The Carlyle Group by 27.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 308,156 shares of the financial services provider’s stock valued at $9,294,000 after buying an additional 67,236 shares in the last quarter. Finally, FMR LLC grew its stake in shares of The Carlyle Group by 11.0% during the 3rd quarter. FMR LLC now owns 2,134,653 shares of the financial services provider’s stock valued at $64,381,000 after acquiring an additional 211,210 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 127,981 shares of The Carlyle Group stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $36.19, for a total value of $4,631,632.39. Following the sale, the insider now directly owns 12,123,705 shares of the company’s stock, valued at $438,756,883.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 291,886 shares of company stock valued at $10,803,048 over the last ninety days. Insiders own 27.20% of the company’s stock.

The Carlyle Group Stock Down 2.2 %

The Carlyle Group stock opened at $40.10 on Friday. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of -22.40, a price-to-earnings-growth ratio of 1.15 and a beta of 1.77. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $48.52. The business’s 50-day moving average price is $42.70 and its 200 day moving average price is $42.86. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. During the same period last year, the company earned $0.63 earnings per share. The Carlyle Group’s revenue for the quarter was up 35.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Carlyle Group Inc. will post 3.9 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date was Monday, May 13th. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. TD Cowen lowered their price target on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a report on Thursday, May 2nd. The Goldman Sachs Group decreased their price objective on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $48.00 price objective (down from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. Oppenheimer decreased their price objective on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Finally, UBS Group upped their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group has a consensus rating of “Hold” and a consensus price target of $45.60.

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.