37,148 Shares in The Carlyle Group Inc. (NASDAQ:CG) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,148 shares of the financial services provider’s stock, valued at approximately $1,491,000.

Several other institutional investors have also bought and sold shares of CG. Tobam purchased a new position in The Carlyle Group in the second quarter worth $27,000. Blue Trust Inc. boosted its position 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 last quarter. GAMMA Investing LLC boosted 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 purchasing an additional 215 shares during the last quarter. 1832 Asset Management L.P. purchased a new position in The Carlyle Group in the first quarter worth $55,000. Finally, Compass Wealth Management LLC purchased a new position in The Carlyle Group in the first quarter worth $57,000. Institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

CG has been the topic of a number of recent research reports. TD Cowen upped 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. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a research report on Wednesday. JPMorgan Chase & Co. cut The Carlyle Group from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $46.00 to $44.00 in a report on Tuesday, August 6th. UBS Group dropped their price objective on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, Oppenheimer dropped their price objective on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $47.67.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock opened at $46.63 on Thursday. 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 firm has a market capitalization of $16.78 billion, a PE ratio of -26.05, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. The business’s 50-day moving average price is $41.39 and its 200-day moving average price is $42.81. The Carlyle Group Inc. has a 12 month low of $27.13 and a 12 month high of $50.92.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate 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 negative net margin of 11.67% and a positive return on equity of 24.30%. The Carlyle Group’s revenue for the quarter was up 131.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 earnings per share. 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 business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 16th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.00%. The ex-dividend date was Friday, August 16th. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 57,253 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $32.35, for a total value of $1,852,134.55. Following the completion of the sale, the insider now owns 10,987,749 shares in the company, valued at approximately $355,453,680.15. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 1,562,041 shares of company stock worth $54,624,756 in the last ninety days. 27.20% of the stock is owned by company insiders.

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.