Public Sector Pension Investment Board Acquires 1,735 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Public Sector Pension Investment Board grew its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,772 shares of the financial services provider’s stock after purchasing an additional 1,735 shares during the quarter. Public Sector Pension Investment Board’s holdings in The Carlyle Group were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of CG. Tobam bought a new position in The Carlyle Group in the 2nd quarter worth $27,000. Blue Trust Inc. raised its holdings in 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 acquiring an additional 643 shares during the period. SYSTM Wealth Solutions LLC acquired a new stake in The Carlyle Group in the 1st quarter worth $34,000. Rothschild Investment LLC acquired a new stake in The Carlyle Group in the 2nd quarter worth $50,000. Finally, GAMMA Investing LLC grew its position 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 purchasing an additional 215 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

The Carlyle Group stock opened at $43.20 on Wednesday. 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 has a 50-day simple moving average of $41.57 and a 200 day simple moving average of $42.80. The Carlyle Group Inc. has a 12-month low of $27.13 and a 12-month high of $50.92. The stock has a market capitalization of $15.55 billion, a price-to-earnings ratio of -24.13, a P/E/G ratio of 1.30 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last released its 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 the consensus estimate 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 company’s revenue was up 131.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, research analysts anticipate that The Carlyle Group Inc. will post 3.76 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently declared 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 3.24%. The ex-dividend date was Friday, August 16th. The Carlyle Group’s dividend payout ratio (DPR) is -78.21%.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 24,390 shares of The Carlyle Group stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $30.09, for a total value of $733,895.10. Following the sale, the insider now owns 11,141,580 shares of the company’s stock, valued at approximately $335,250,142.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 1,563,500 shares of company stock worth $58,426,307 over the last ninety days. Company insiders own 27.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. lowered shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $46.00 to $44.00 in a research report on Tuesday, August 6th. Barclays reduced their target price on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Keefe, Bruyette & Woods dropped 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. Wells Fargo & Company began coverage on shares of The Carlyle Group in a research report on Thursday, September 12th. They set an “equal weight” rating and a $42.00 target price on the stock. Finally, TD Cowen increased their price target on shares of The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.81.

About The Carlyle Group

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.