The Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV raised its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 0.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,684 shares of the financial services provider’s stock after acquiring an additional 318 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in The Carlyle Group were worth $2,484,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of The Carlyle Group by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after buying an additional 1,756,189 shares in the last quarter. Capital World Investors grew its holdings in The Carlyle Group by 0.4% during the 1st quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock valued at $940,687,000 after buying an additional 79,681 shares during the last quarter. William Blair Investment Management LLC increased its position in The Carlyle Group by 6.5% during the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after buying an additional 721,608 shares in the last quarter. Capital International Investors purchased a new stake in shares of The Carlyle Group in the first quarter valued at $142,511,000. Finally, Bank of New York Mellon Corp increased its position in The Carlyle Group by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider’s stock worth $109,524,000 after purchasing an additional 55,662 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays lowered their target price on shares of The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Redburn Atlantic assumed coverage on The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price for the company. TD Cowen raised 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. Keefe, Bruyette & Woods cut their price objective on shares of 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. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $45.81.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 169,467 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $42.10, for a total transaction of $7,134,560.70. Following the transaction, the insider now owns 8,724,346 shares of the company’s stock, valued at approximately $367,294,966.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 1,828,753 shares of company stock valued at $67,021,255. 27.20% of the stock is currently owned by insiders.

The Carlyle Group Price Performance

CG stock opened at $43.12 on Tuesday. The company has a market capitalization of $15.52 billion, a PE ratio of -24.09, a P/E/G 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 stock’s 50 day moving average is $41.95 and its two-hundred day moving average is $42.93. 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 posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $808.73 million. During the same quarter last year, the company earned $0.88 earnings per share. The company’s revenue was up 131.5% compared to the same quarter last year. Analysts predict 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. 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 3.25%. The Carlyle Group’s dividend payout ratio is currently -78.21%.

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.