Franklin Street Advisors Inc. NC Acquires New Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Franklin Street Advisors Inc. NC purchased a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 349,984 shares of the financial services provider’s stock, valued at approximately $17,671,000. Franklin Street Advisors Inc. NC owned about 0.10% of The Carlyle Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CG. Brooklyn Investment Group purchased a new position in shares of The Carlyle Group in the third quarter worth $33,000. Tobam grew its stake in The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 220 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of The Carlyle Group by 1,600.0% in 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. Blue Trust Inc. lifted its holdings in shares of The Carlyle Group by 147.9% during the third quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 1,139 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in The Carlyle Group in the second quarter valued at approximately $126,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CG. UBS Group raised their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price objective on shares of The Carlyle Group in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Evercore ISI boosted their price objective on 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, Morgan Stanley boosted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, The Carlyle Group has an average rating of “Hold” and an average price target of $54.38.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 250,000 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $2.23, for a total transaction of $557,500.00. Following the sale, the insider now directly owns 2,905,461 shares in the company, valued at approximately $6,479,178.03. The trade was a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following 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. In the last 90 days, insiders have sold 1,020,542 shares of company stock valued at $26,697,779. 27.20% of the stock is owned by corporate insiders.

The Carlyle Group Stock Performance

NASDAQ CG traded down $2.24 during trading hours on Friday, hitting $50.07. The company had a trading volume of 656,263 shares, compared to its average volume of 1,769,849. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $55.11. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The company has a market cap of $17.91 billion, a PE ratio of 172.66, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. The business has a 50 day moving average of $51.84 and a 200-day moving average of $46.36.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping 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 firm had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter in the prior year, the business earned $0.87 EPS. The Carlyle Group’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities research analysts expect that The Carlyle Group Inc. will post 3.77 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.80%. The Carlyle Group’s payout ratio is currently 482.76%.

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.