Daiwa Securities Group Inc. Purchases 1,500 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Daiwa Securities Group Inc. grew its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 10.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,973 shares of the financial services provider’s stock after acquiring an additional 1,500 shares during the quarter. Daiwa Securities Group Inc.’s holdings in The Carlyle Group were worth $641,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of The Carlyle Group by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after acquiring an additional 1,756,189 shares during the period. Capital World Investors lifted its position in 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. William Blair Investment Management LLC increased its holdings in The Carlyle Group by 6.5% in the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock valued at $554,448,000 after buying an additional 721,608 shares during the period. Norges Bank acquired a new position in shares of The Carlyle Group in the 4th quarter valued at approximately $130,771,000. Finally, Capital International Investors acquired a new stake in shares of The Carlyle Group during the 1st quarter worth approximately $142,511,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CG has been the topic of a number of research analyst reports. UBS Group reduced their target price on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Oppenheimer lowered their target price on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. Barclays reduced their price target on shares of The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. TD Cowen upped their price objective on shares of The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $45.81.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 67,207 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $34.89, for a total value of $2,344,852.23. Following the completion of the sale, the insider now directly owns 11,908,315 shares of the company’s stock, valued at approximately $415,481,110.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders sold 1,969,673 shares of company stock worth $71,897,412. 27.20% of the stock is owned by corporate insiders.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $41.08 on Tuesday. The firm has a market cap of $14.78 billion, a P/E ratio of -22.95, a P/E/G ratio of 1.13 and a beta of 1.73. The stock’s 50 day moving average is $41.87 and its 200 day moving average is $43.05. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The Carlyle Group Inc. has a one year low of $27.13 and a one year high of $50.92.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The company’s revenue for the quarter was up 131.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 earnings per share. As a group, research analysts expect that The Carlyle Group Inc. will post 3.76 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 16th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 annualized dividend and a yield of 3.41%. The Carlyle Group’s dividend payout ratio is currently -78.21%.

The Carlyle Group 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.