Blair William & Co. IL Sells 507 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Blair William & Co. IL reduced its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 1.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 45,316 shares of the financial services provider’s stock after selling 507 shares during the quarter. Blair William & Co. IL’s holdings in The Carlyle Group were worth $1,819,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tobam acquired a new position in shares of The Carlyle Group in the 2nd quarter worth approximately $27,000. Blue Trust Inc. boosted its position in The Carlyle Group by 506.3% during the second 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 during the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in The Carlyle Group during the 1st quarter worth about $34,000. Rothschild Investment LLC bought a new position in shares of The Carlyle Group in the 2nd quarter worth about $50,000. Finally, GAMMA Investing LLC boosted its position in shares of The Carlyle Group by 22.8% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CG shares. Oppenheimer cut their price target 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. UBS Group decreased their price target on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. TD Cowen raised their target price on The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Redburn Atlantic started coverage on The Carlyle Group in a research note on Tuesday, August 27th. They set a “buy” rating and a $55.00 price target on the stock. Finally, JPMorgan Chase & Co. cut The Carlyle Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and an average target price of $45.81.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 78,180 shares of The Carlyle Group stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $39.94, for a total value of $3,122,509.20. Following the completion of the transaction, the insider now directly owns 8,441,022 shares of the company’s stock, valued at approximately $337,134,418.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 1,828,753 shares of company stock worth $67,021,255. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Price Performance

Shares of CG opened at $43.12 on Tuesday. The firm has a market cap of $15.52 billion, a PE ratio of -24.09, a P/E/G ratio of 1.13 and a beta of 1.73. 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 fifty day simple moving average of $41.95 and a two-hundred day simple moving average of $42.93. The Carlyle Group Inc. has a 1-year low of $27.13 and a 1-year 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The company 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 company’s revenue was up 131.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 earnings per share. On average, equities analysts anticipate that The Carlyle Group Inc. will post 3.76 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.25%. The Carlyle Group’s dividend payout ratio (DPR) is -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.