Skandinaviska Enskilda Banken AB publ Buys 2,200 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Skandinaviska Enskilda Banken AB publ raised its stake in The Carlyle Group Inc. (NASDAQ:CG) by 1.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 162,094 shares of the financial services provider’s stock after buying an additional 2,200 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in The Carlyle Group were worth $6,508,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Tobam bought a new stake in shares of The Carlyle Group in the 2nd quarter valued at about $27,000. SYSTM Wealth Solutions LLC acquired a new position in shares of The Carlyle Group in the 1st quarter valued at about $34,000. Blue Trust Inc. lifted its stake in shares of The Carlyle Group by 506.3% in the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 643 shares during the period. GAMMA Investing LLC lifted 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 purchasing an additional 215 shares during the period. Finally, 1832 Asset Management L.P. acquired a new position in shares of The Carlyle Group in the 1st quarter valued at about $55,000. Institutional investors own 55.88% of the company’s stock.

Insider Activity

In other The Carlyle Group 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 completion of the transaction, the insider now directly owns 8,724,346 shares of the company’s stock, valued at $367,294,966.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 1,902,466 shares of company stock valued at $69,552,560 over the last three months. Corporate insiders own 27.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. downgraded The Carlyle Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, August 6th. UBS Group dropped their price objective on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft dropped their price target on 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. Wells Fargo & Company initiated coverage on The Carlyle Group in a research note on Thursday, September 12th. They set an “equal weight” rating and a $42.00 price target on the stock. Finally, TD Cowen upped their price target on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.81.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $43.68 on Friday. The company has a market cap of $15.72 billion, a PE ratio of -24.40, a price-to-earnings-growth ratio of 1.13 and a beta of 1.73. 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 business has a 50 day moving average price of $41.97 and a 200-day moving average price of $42.99. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $50.92.

The Carlyle Group (NASDAQ:CG) last released its earnings results 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 business 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 business’s revenue was up 131.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share. 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 firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were issued a $0.35 dividend. 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 dividend payout ratio 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.