GAMMA Investing LLC Raises Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

GAMMA Investing LLC increased its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 10.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,463 shares of the financial services provider’s stock after acquiring an additional 509 shares during the quarter. GAMMA Investing LLC’s holdings in The Carlyle Group were worth $276,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. SMH Capital Advisors Inc. acquired a new stake in shares of The Carlyle Group during the second quarter worth $636,000. JPMorgan Chase & Co. boosted its holdings in shares of The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after acquiring an additional 777,304 shares in the last quarter. Edgestream Partners L.P. raised its holdings in The Carlyle Group by 297.1% during the second quarter. Edgestream Partners L.P. now owns 159,596 shares of the financial services provider’s stock worth $6,408,000 after purchasing an additional 119,402 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in The Carlyle Group by 74.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,984 shares of the financial services provider’s stock valued at $1,806,000 after purchasing an additional 19,160 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in The Carlyle Group by 15.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 577,800 shares of the financial services provider’s stock worth $23,199,000 after purchasing an additional 77,800 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Stock Down 2.2 %

CG stock opened at $51.55 on Wednesday. The company has a 50 day moving average price of $51.77 and a two-hundred day moving average price of $46.28. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a market capitalization of $18.44 billion, a P/E ratio of 177.76, a PEG ratio of 1.45 and a beta of 1.69. The Carlyle Group Inc. has a one year low of $36.65 and a one year high of $55.11.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 earnings per share. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 3.77 EPS for the current year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group’s dividend payout ratio is currently 482.76%.

Insider Buying and Selling at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction 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 transaction, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Carlyle Group Inc. sold 92,905 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $2.27, for a total value of $210,894.35. Following the completion of the sale, the insider now owns 3,155,461 shares of the company’s stock, valued at approximately $7,162,896.47. This represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,113,447 shares of company stock worth $26,908,674 in the last quarter. 27.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on CG shares. Morgan Stanley lifted their price target on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Oppenheimer increased their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Barclays boosted their price objective on shares of The Carlyle Group from $57.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. Finally, TD Cowen upped their price target on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $54.38.

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.