XTX Topco Ltd Lowers Stake in The Carlyle Group Inc. (NASDAQ:CG)

XTX Topco Ltd trimmed its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,607 shares of the financial services provider’s stock after selling 1,601 shares during the period. XTX Topco Ltd’s holdings in The Carlyle Group were worth $948,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CG. Private Advisor Group LLC bought a new position in The Carlyle Group in the 4th quarter worth approximately $241,000. Vanguard Personalized Indexing Management LLC grew its stake in The Carlyle Group by 37.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 10,897 shares of the financial services provider’s stock valued at $443,000 after acquiring an additional 2,980 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in The Carlyle Group in the 4th quarter worth $370,000. PNC Financial Services Group Inc. boosted its holdings in shares of The Carlyle Group by 12.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 29,192 shares of the financial services provider’s stock valued at $1,188,000 after purchasing an additional 3,145 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of The Carlyle Group by 203.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,857 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 1,914 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 81,482 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $33.19, for a total value of $2,704,387.58. Following the completion of the sale, the insider now directly owns 11,617,068 shares in the company, valued at $385,570,486.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 1,902,466 shares of company stock valued at $69,552,560. 27.20% of the stock is currently owned by insiders.

The Carlyle Group Stock Down 1.9 %

Shares of The Carlyle Group stock opened at $43.68 on Friday. 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 stock has a market cap of $15.72 billion, a price-to-earnings ratio of -24.40, a PEG ratio of 1.13 and a beta of 1.73. The firm’s 50-day moving average is $41.97 and its two-hundred day moving average is $42.99. The Carlyle Group Inc. has a 1 year low of $27.13 and a 1 year high of $50.92.

The Carlyle Group (NASDAQ:CG) last issued 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 business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 131.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 earnings per share. As a group, research analysts expect 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 announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.21%. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CG shares. Keefe, Bruyette & Woods cut their price target on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a report on Tuesday, August 6th. JPMorgan Chase & Co. cut shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $46.00 to $44.00 in a research report on Tuesday, August 6th. Redburn Atlantic began coverage on shares of The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective for the company. Barclays decreased their target price on shares of The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, Oppenheimer reduced their price objective on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $45.81.

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.