The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 6.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,320 shares of the financial services provider’s stock after selling 1,397 shares during the quarter. Federated Hermes Inc.’s holdings in The Carlyle Group were worth $776,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tobam acquired a new position in The Carlyle Group in the 2nd quarter valued at about $27,000. SYSTM Wealth Solutions LLC acquired a new position in The Carlyle Group in the 1st quarter valued at about $34,000. Blue Trust Inc. grew its position 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 valued at $31,000 after acquiring an additional 643 shares in the last quarter. 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 valued at $54,000 after acquiring an additional 215 shares in the last quarter. Finally, 1832 Asset Management L.P. acquired a new position in The Carlyle Group in the 1st quarter valued at about $55,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 169,467 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $42.10, for a total value of $7,134,560.70. Following the transaction, the insider now owns 8,724,346 shares of the company’s stock, valued at $367,294,966.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 1,828,753 shares of company stock valued at $67,021,255. Company insiders own 27.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CG has been the subject of several research reports. Keefe, Bruyette & Woods dropped their target price on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their price objective on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Barclays decreased their price objective on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Oppenheimer decreased their price objective on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. Finally, Redburn Atlantic started coverage on The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $45.81.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $43.68 on Monday. 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 Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92. The stock has a 50 day moving average of $41.97 and a two-hundred day moving average of $42.96. The stock has a market cap of $15.72 billion, a P/E ratio of -24.40, a P/E/G ratio of 1.13 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data 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 Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $808.73 million. During the same quarter in the prior year, the firm posted $0.88 EPS. The Carlyle Group’s quarterly revenue was up 131.5% compared to the same quarter last year. On average, research analysts forecast that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s dividend payout ratio is currently -78.21%.

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.