35,457 Shares in The Carlyle Group Inc. (NASDAQ:CG) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 35,457 shares of the financial services provider’s stock, valued at approximately $1,527,000.

Several other institutional investors have also recently made changes to their positions in CG. Tobam acquired a new position in The Carlyle Group in the second quarter valued at about $27,000. Blue Trust Inc. lifted its holdings 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 acquiring an additional 643 shares during the last quarter. Rothschild Investment LLC acquired a new stake in The Carlyle Group in the 2nd quarter valued at approximately $50,000. 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 valued at $54,000 after purchasing an additional 215 shares during the period. Finally, 1832 Asset Management L.P. purchased a new position in shares of The Carlyle Group during the first quarter worth $55,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Down 0.2 %

Shares of NASDAQ:CG opened at $46.67 on Wednesday. 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 $16.80 billion, a P/E ratio of -26.07, a P/E/G ratio of 1.30 and a beta of 1.73. The Carlyle Group Inc. has a 1-year low of $27.13 and a 1-year high of $50.92. The firm has a fifty day moving average price of $41.46 and a 200 day moving average price of $42.78.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (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 during the quarter, compared to analyst estimates of $808.73 million. During the same period in the previous year, the firm posted $0.88 EPS. The company’s revenue for the quarter was up 131.5% on a year-over-year basis. Sell-side analysts predict that The Carlyle Group Inc. will post 3.76 EPS for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Investors 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 3.00%. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 93,187 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $31.70, for a total transaction of $2,954,027.90. Following the sale, the insider now owns 10,894,562 shares of the company’s stock, valued at approximately $345,357,615.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 1,428,398 shares of company stock worth $54,289,312. 27.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on CG. JPMorgan Chase & Co. lowered shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, August 6th. UBS Group cut their price objective on 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. Barclays lifted their target price on The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a report on Monday. Keefe, Bruyette & Woods reduced their price target on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 6th. Finally, TD Cowen boosted their price objective on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $47.13.

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.