The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Capital Management Associates NY

Capital Management Associates NY cut its position in The Carlyle Group Inc. (NASDAQ:CG) by 8.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,524 shares of the financial services provider’s stock after selling 1,480 shares during the quarter. Capital Management Associates NY’s holdings in The Carlyle Group were worth $663,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CG. GAMMA Investing LLC boosted its stake in shares of The Carlyle Group by 22.8% during the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after buying an additional 215 shares during the period. Riverwater Partners LLC lifted its stake in shares of The Carlyle Group by 1.1% in the 1st quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider’s stock worth $1,021,000 after acquiring an additional 228 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of The Carlyle Group by 41.2% in the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 247 shares in the last quarter. Retirement Planning Co of New England Inc. raised its holdings in The Carlyle Group by 2.5% during the first quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 271 shares in the last quarter. Finally, Intrepid Capital Management Inc. boosted its holdings in The Carlyle Group by 2.6% in the 4th quarter. Intrepid Capital Management Inc. now owns 12,103 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 305 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 169,467 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $42.10, for a total transaction of $7,134,560.70. Following the completion of the sale, the insider now directly owns 8,724,346 shares in the company, valued at $367,294,966.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 2,197,296 shares of company stock valued at $80,115,160. Corporate insiders own 27.20% of the company’s stock.

Analysts Set New Price Targets

CG has been the topic of several research analyst reports. Oppenheimer decreased their target price on shares of The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Redburn Atlantic assumed coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price for the company. UBS Group decreased their price target on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. TD Cowen lifted their price objective on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $46.07.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock opened at $37.81 on Wednesday. The business’s fifty day moving average price is $41.96 and its 200 day moving average price is $43.20. The stock has a market capitalization of $13.47 billion, a P/E ratio of -21.12, a PEG ratio of 1.12 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 Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92.

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 (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 for the quarter, compared to analysts’ expectations of $808.73 million. During the same quarter in the prior year, the firm earned $0.88 earnings per share. The Carlyle Group’s quarterly revenue was up 131.5% compared to the same quarter last year. As a group, research analysts anticipate 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. Stockholders of record on Friday, August 16th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.70%. 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.