The Carlyle Group Inc. (NASDAQ:CG) Position Boosted by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,578 shares of the financial services provider’s stock after acquiring an additional 798 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in The Carlyle Group were worth $826,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tobam acquired a new stake in shares of The Carlyle Group during the 2nd quarter valued at about $27,000. SYSTM Wealth Solutions LLC acquired a new position in The Carlyle Group during the first quarter worth $34,000. Blue Trust Inc. boosted its stake in shares of The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 643 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of The Carlyle Group by 22.8% in the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 215 shares in the last quarter. Finally, 1832 Asset Management L.P. acquired a new stake in The Carlyle Group in the 1st quarter worth approximately $55,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 169,467 shares of the stock in a transaction on 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 sale, the insider now owns 8,724,346 shares in the company, valued at $367,294,966.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 1,902,466 shares of company stock worth $69,552,560. Insiders own 27.20% of the company’s stock.

The Carlyle Group Trading Down 1.9 %

CG stock opened at $43.68 on Friday. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75. The firm has a market cap of $15.72 billion, a P/E ratio of -24.40, a P/E/G ratio of 1.13 and a beta of 1.73. The Carlyle Group Inc. has a 1-year low of $27.13 and a 1-year high of $50.92. The business’s 50 day moving average is $41.96 and its 200-day moving average is $43.03.

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

The Carlyle Group Announces Dividend

The company 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 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s payout ratio is -78.21%.

Analysts Set New Price Targets

CG has been the subject of a number of analyst reports. Oppenheimer reduced their price objective on shares of 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. 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. TD Cowen increased their price objective on The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. UBS Group dropped their target price on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company began coverage on shares of The Carlyle Group in a report on Thursday, September 12th. They set an “equal weight” rating and a $42.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, The Carlyle Group has a consensus rating of “Hold” and an average target price of $45.81.

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.