PGGM Investments Acquires 1,266 Shares of The Carlyle Group Inc. (NASDAQ:CG)

PGGM Investments boosted its position in The Carlyle Group Inc. (NASDAQ:CG) by 34.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,894 shares of the financial services provider’s stock after purchasing an additional 1,266 shares during the period. PGGM Investments’ holdings in The Carlyle Group were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of CG. New York State Teachers Retirement System bought a new position in shares of The Carlyle Group during the fourth quarter valued at about $1,349,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in The Carlyle Group in the 4th quarter worth about $597,000. International Assets Investment Management LLC purchased a new stake in The Carlyle Group during the 4th quarter valued at $60,030,000. Cerity Partners LLC purchased a new stake in The Carlyle Group during the fourth quarter valued at $2,209,000. Finally, Louisiana State Employees Retirement System purchased a new stake in The Carlyle Group during the fourth quarter valued at $2,474,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

CG has been the subject of several recent research reports. Oppenheimer cut their price target on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. The Goldman Sachs Group dropped their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. UBS Group lowered 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 report on Wednesday, July 10th. TD Cowen increased their price objective on shares of The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, The Carlyle Group has an average rating of “Hold” and an average target price of $45.57.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock traded up $0.44 during trading on Wednesday, hitting $40.79. 2,843,483 shares of the company’s stock were exchanged, compared to its average volume of 2,298,415. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The business has a 50-day simple moving average of $42.11 and a 200-day simple moving average of $43.68. The Carlyle Group Inc. has a 52-week low of $27.13 and a 52-week high of $50.92. The stock has a market capitalization of $14.68 billion, a price-to-earnings ratio of -22.79, a PEG ratio of 1.38 and a beta of 1.75.

The Carlyle Group (NASDAQ:CG) last released 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 23.04% and a positive return on equity of 23.92%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $808.73 million. During the same period in the previous year, the firm posted $0.88 EPS. The firm’s quarterly revenue was up 131.5% on a year-over-year basis. On average, research analysts forecast that The Carlyle Group Inc. will post 3.87 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 16th will be issued a $0.35 dividend. The ex-dividend date is Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.43%. The Carlyle Group’s payout ratio is -78.21%.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 78,180 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $39.94, for a total transaction of $3,122,509.20. Following the completion of the sale, the insider now owns 8,441,022 shares of the company’s stock, valued at $337,134,418.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 2,261,559 shares of company stock valued at $82,700,460 over the last 90 days. Corporate insiders own 27.20% of the company’s stock.

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.