MBB Public Markets I LLC Purchases New Position in The Carlyle Group Inc. (NASDAQ:CG)

MBB Public Markets I LLC acquired a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,493 shares of the financial services provider’s stock, valued at approximately $742,000.

Several other large investors have also recently modified their holdings of the stock. Tobam bought a new position in shares of The Carlyle Group during the second quarter valued at approximately $27,000. Blue Trust Inc. increased its stake in The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 643 shares during the period. SYSTM Wealth Solutions LLC bought a new stake in shares of The Carlyle Group during the first quarter worth $34,000. Rothschild Investment LLC bought a new position in shares of The Carlyle Group in the second quarter worth about $50,000. Finally, GAMMA Investing LLC increased its stake in 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 worth $54,000 after buying an additional 215 shares during the period. Institutional investors own 55.88% of the company’s stock.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 169,467 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $42.10, for a total value 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 can be accessed through this link. Insiders sold 1,563,500 shares of company stock worth $58,426,307 over the last three months. Company insiders own 27.20% of the company’s stock.

The Carlyle Group Trading Up 0.3 %

NASDAQ:CG opened at $43.20 on Wednesday. The company has a market capitalization of $15.55 billion, a P/E ratio of -24.13, a PEG ratio of 1.30 and a beta of 1.73. 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 Carlyle Group Inc. has a 12 month low of $27.13 and a 12 month high of $50.92. The firm has a fifty day simple moving average of $41.57 and a 200-day simple moving average of $42.80.

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 the consensus estimate 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 firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $808.73 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm’s revenue for the quarter was up 131.5% compared to the same quarter last year. On average, equities research analysts anticipate that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were paid a $0.35 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.24%. The Carlyle Group’s payout ratio is currently -78.21%.

Wall Street Analyst Weigh In

CG has been the topic of a number of research reports. Barclays reduced 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. Redburn Atlantic began coverage on The Carlyle Group in a research note on Tuesday, August 27th. They set a “buy” rating and a $55.00 price target on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a research note on Tuesday, August 6th. UBS Group cut 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, Deutsche Bank Aktiengesellschaft cut their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and a consensus price target 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.