Atria Investments Inc Has $855,000 Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Atria Investments Inc increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 283.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,861 shares of the financial services provider’s stock after acquiring an additional 14,687 shares during the quarter. Atria Investments Inc’s holdings in The Carlyle Group were worth $855,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CG. Tobam bought a new position in shares of The Carlyle Group in the 2nd quarter worth $27,000. Blue Trust Inc. grew its position in shares of The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after buying an additional 643 shares during the period. Rothschild Investment LLC bought a new stake in shares of The Carlyle Group in the 2nd quarter valued at about $50,000. 1832 Asset Management L.P. acquired a new stake in shares of The Carlyle Group in the 1st quarter valued at approximately $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its holdings in The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,600 shares during the period. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Trading Up 1.5 %

Shares of CG stock opened at $50.86 on Tuesday. The Carlyle Group Inc. has a 12-month low of $31.21 and a 12-month high of $54.52. The company has a market capitalization of $18.19 billion, a PE ratio of 175.38, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70. The firm has a 50 day moving average price of $47.21 and a two-hundred day moving average price of $43.74. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38.

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

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.75%. The Carlyle Group’s dividend payout ratio is 482.76%.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 92,905 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $2.27, for a total value of $210,894.35. Following the sale, the insider now directly owns 3,155,461 shares of the company’s stock, valued at $7,162,896.47. This trade represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction dated Tuesday, November 12th. The stock was 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 directly owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,171,556 shares of company stock worth $29,222,475 over the last ninety days. Corporate insiders own 27.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CG. UBS Group raised their price target on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their target price on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. TD Cowen upped their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. Evercore ISI boosted their price objective on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research report on Monday, October 14th. Finally, StockNews.com upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Ten research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.33.

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.