The Carlyle Group Inc. (NASDAQ:CG) Stock Holdings Lifted by Sei Investments Co.

Sei Investments Co. raised its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 27.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,403 shares of the financial services provider’s stock after purchasing an additional 9,238 shares during the quarter. Sei Investments Co.’s holdings in The Carlyle Group were worth $1,741,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in The Carlyle Group by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after purchasing an additional 1,756,189 shares during the period. Capital World Investors increased its stake in shares of The Carlyle Group by 0.4% in the first quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after acquiring an additional 79,681 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of The Carlyle Group by 6.5% in the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after acquiring an additional 721,608 shares during the last quarter. Capital International Investors acquired a new position in shares of The Carlyle Group in the first quarter worth $142,511,000. Finally, Bank of New York Mellon Corp increased its stake in shares of The Carlyle Group by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider’s stock worth $109,524,000 after acquiring an additional 55,662 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 214,732 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $38.97, for a total transaction of $8,368,106.04. Following the sale, the insider now directly owns 10,113,040 shares of the company’s stock, valued at $394,105,168.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 1,512,761 shares of company stock valued at $56,845,787. Corporate insiders own 27.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CG. Deutsche Bank Aktiengesellschaft dropped their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Keefe, Bruyette & Woods decreased their price objective on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a report on Tuesday, August 6th. Oppenheimer decreased their price objective on shares of The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. Wells Fargo & Company initiated coverage on shares of The Carlyle Group in a report on Thursday, September 12th. They issued an “equal weight” rating and a $42.00 price objective for the company. Finally, UBS Group decreased their price objective on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.81.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $46.88 on Friday. The Carlyle Group Inc. has a 12-month low of $27.13 and a 12-month high of $50.92. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $16.87 billion, a PE ratio of -26.19, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. The firm has a 50-day moving average price of $41.51 and a 200 day moving average price of $42.83.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. During the same period last year, the company earned $0.88 EPS. The business’s revenue for the quarter was up 131.5% on a year-over-year basis. Research analysts anticipate that The Carlyle Group Inc. will post 3.76 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Friday, August 16th. The Carlyle Group’s payout ratio 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.