Moors & Cabot Inc. Acquires 1,275 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Moors & Cabot Inc. increased its stake in The Carlyle Group Inc. (NASDAQ:CG) by 20.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,653 shares of the financial services provider’s stock after purchasing an additional 1,275 shares during the quarter. Moors & Cabot Inc.’s holdings in The Carlyle Group were worth $307,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Tobam bought a new position in shares of The Carlyle Group in the second quarter worth approximately $27,000. Blue Trust Inc. increased its stake in The Carlyle Group by 506.3% in the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after buying an additional 643 shares in the last quarter. SYSTM Wealth Solutions LLC purchased a new position in shares of The Carlyle Group in the first quarter valued at about $34,000. Rothschild Investment LLC bought a new position in shares of The Carlyle Group in the second quarter worth about $50,000. Finally, GAMMA Investing LLC grew its position in shares of The Carlyle Group by 22.8% during the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 215 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods dropped their price target on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a research note on Tuesday, August 6th. JPMorgan Chase & Co. downgraded The Carlyle Group from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $46.00 to $44.00 in a research report on Tuesday, August 6th. Redburn Atlantic initiated coverage on The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective on the stock. Wells Fargo & Company initiated coverage on The Carlyle Group in a research report on Thursday, September 12th. They set an “equal weight” rating and a $42.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. One equities research 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $45.81.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 169,467 shares of The Carlyle Group stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $42.10, for a total transaction of $7,134,560.70. Following the completion of the sale, the insider now owns 8,724,346 shares of the company’s stock, valued at $367,294,966.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 1,902,466 shares of company stock valued at $69,552,560 in the last ninety days. Company insiders own 27.20% of the company’s stock.

The Carlyle Group Trading Down 1.9 %

NASDAQ CG opened at $43.68 on Friday. The firm has a market cap of $15.72 billion, a PE ratio of -24.45, a price-to-earnings-growth ratio of 1.13 and a beta of 1.73. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $50.92. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The company has a 50 day moving average price of $41.96 and a 200 day moving average price of $43.03.

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

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Friday, August 16th. The Carlyle Group’s dividend payout ratio (DPR) is presently -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.