Centiva Capital LP Makes New Investment in The Carlyle Group Inc. (NASDAQ:CG)

Centiva Capital LP bought a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 19,829 shares of the financial services provider’s stock, valued at approximately $854,000.

Other institutional investors have also recently made changes to their positions in the company. Tobam acquired a new stake in The Carlyle Group in the 2nd quarter valued at $27,000. Blue Trust Inc. grew its holdings in shares of The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after buying an additional 643 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of The Carlyle Group in the 3rd quarter worth about $33,000. Rothschild Investment LLC bought a new position in The Carlyle Group in the 2nd quarter valued at about $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in The Carlyle Group by 1,600.0% during the 3rd 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 last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CG. Evercore ISI raised their target price on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Redburn Atlantic assumed coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective on the stock. Oppenheimer increased their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. TD Cowen boosted their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company lifted their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The Carlyle Group has an average rating of “Hold” and a consensus price target of $53.33.

The Carlyle Group Stock Performance

NASDAQ CG opened at $52.76 on Friday. The company’s 50 day moving average is $49.94 and its 200-day moving average is $44.60. The firm has a market cap of $18.87 billion, a P/E ratio of 181.93, a price-to-earnings-growth ratio of 1.39 and a beta of 1.69. The Carlyle Group Inc. has a 12-month low of $35.31 and a 12-month high of $55.11. 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 posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The firm had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. Sell-side 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 declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s payout ratio is 482.76%.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction dated 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 sale, the director now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24. Following the transaction, the insider now directly owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. The trade was a 20.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,171,556 shares of company stock valued at $29,222,475. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Company 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.