Citigroup Inc. Boosts Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Citigroup Inc. boosted its position in The Carlyle Group Inc. (NASDAQ:CG) by 25.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 86,749 shares of the financial services provider’s stock after purchasing an additional 17,838 shares during the period. Citigroup Inc.’s holdings in The Carlyle Group were worth $3,735,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CG. Westbourne Investment Advisors Inc. lifted its position in shares of The Carlyle Group by 3.6% during the third quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 200 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of The Carlyle Group by 0.5% during the third quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock worth $1,797,000 after acquiring an additional 208 shares in the last quarter. Tobam lifted its position in shares of The Carlyle Group by 32.8% during the third quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 220 shares in the last quarter. Western Pacific Wealth Management LP lifted its position in shares of The Carlyle Group by 10.6% during the third quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 314 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in shares of The Carlyle Group by 0.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider’s stock worth $2,484,000 after purchasing an additional 318 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CG. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 price target on shares of The Carlyle Group in a report on Wednesday, October 9th. Evercore ISI upped their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Barclays upped their price target on shares of The Carlyle Group from $50.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. TD Cowen upped their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, StockNews.com raised The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.33.

The Carlyle Group Stock Up 0.4 %

Shares of NASDAQ:CG opened at $52.67 on Thursday. The stock’s 50-day moving average price is $49.73 and its 200-day moving average price is $44.54. The Carlyle Group Inc. has a 12-month low of $34.72 and a 12-month high of $55.11. The stock has a market capitalization of $18.84 billion, a P/E ratio of 180.97, a price-to-earnings-growth ratio of 1.39 and a beta of 1.69. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The company had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The Carlyle Group’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 earnings per share. On average, equities analysts anticipate that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a $0.35 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.66%. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

Insiders Place Their Bets

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the transaction, the director now owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Carlyle Group Inc. sold 92,905 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $2.27, for a total transaction of $210,894.35. Following the transaction, the insider now directly owns 3,155,461 shares of the company’s stock, valued at $7,162,896.47. This represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,171,556 shares of company stock worth $29,222,475 over the last three months. Company insiders own 27.20% of the company’s stock.

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.