The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lessened its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,928 shares of the financial services provider’s stock after selling 1,809 shares during the period. Ameritas Investment Partners Inc.’s holdings in The Carlyle Group were worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Tobam bought a new position in shares of The Carlyle Group in the second quarter valued at approximately $27,000. Blue Trust Inc. raised 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 worth $31,000 after buying an additional 643 shares in the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in shares of The Carlyle Group in the first quarter valued at $34,000. Rothschild Investment LLC acquired a new position in The Carlyle Group during the second quarter worth about $50,000. Finally, GAMMA Investing LLC raised its position in The Carlyle Group by 22.8% in the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 215 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Trading Down 1.9 %

The Carlyle Group stock opened at $43.68 on Monday. 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 Carlyle Group Inc. has a 12 month low of $27.13 and a 12 month high of $50.92. The company’s fifty day simple moving average is $41.97 and its 200-day simple moving average is $42.96. The stock 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 (NASDAQ:CG) last posted its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was up 131.5% on a year-over-year basis. During the same period last year, the business earned $0.88 earnings per share. 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 firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.21%. The Carlyle Group’s dividend payout ratio (DPR) is -78.21%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CG. Barclays lowered their price objective 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. Oppenheimer cut their price objective on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods decreased their target price on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a report on Tuesday, August 6th. TD Cowen increased their price target 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. Finally, Redburn Atlantic initiated coverage on The Carlyle Group in a report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective on the stock. 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. Based on data from MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and an average price target of $45.81.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 214,732 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $38.97, for a total value of $8,368,106.04. Following the completion of the sale, the insider now owns 10,113,040 shares of the company’s stock, valued at $394,105,168.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 1,828,753 shares of company stock valued at $67,021,255. Insiders own 27.20% of the company’s stock.

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.