Parkside Investments LLC grew its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG – Get Rating) by 2,500.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,000 shares of the financial services provider's stock after purchasing an additional 25,000 shares during the period. Parkside Investments LLC's holdings in The Carlyle Group were worth $823,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of CG. Loomis Sayles & Co. L P raised its holdings in The Carlyle Group by 6.9% during the fourth quarter. Loomis Sayles & Co. L P now owns 3,280 shares of the financial services provider's stock valued at $180,000 after buying an additional 212 shares in the last quarter. Blair William & Co. IL boosted its holdings in The Carlyle Group by 1.2% during the fourth quarter. Blair William & Co. IL now owns 19,667 shares of the financial services provider's stock valued at $1,080,000 after acquiring an additional 224 shares during the period. Principal Street Partners LLC increased its stake in shares of The Carlyle Group by 1.8% in the first quarter. Principal Street Partners LLC now owns 14,462 shares of the financial services provider's stock worth $707,000 after purchasing an additional 261 shares during the period. Colonial River Wealth Management LLC grew its holdings in The Carlyle Group by 6.4% in the 1st quarter. Colonial River Wealth Management LLC now owns 5,017 shares of the financial services provider's stock valued at $245,000 after buying an additional 300 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of The Carlyle Group by 2.1% during the first quarter. New York State Teachers Retirement System now owns 14,300 shares of the financial services provider's stock worth $699,000 after buying an additional 300 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.
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Insider Transactions at The Carlyle Group
In related news, major shareholder Carlyle Group Inc. sold 9,925 shares of The Carlyle Group stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $20.25, for a total value of $200,981.25. Following the completion of the transaction, the insider now directly owns 2,960,231 shares in the company, valued at approximately $59,944,677.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 9,925 shares of the business's stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $20.25, for a total value of $200,981.25. Following the completion of the sale, the insider now directly owns 2,960,231 shares of the company's stock, valued at $59,944,677.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Curtis L. Buser sold 38,890 shares of the company's stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $37.85, for a total value of $1,471,986.50. Following the transaction, the chief financial officer now owns 1,094,484 shares in the company, valued at approximately $41,426,219.40. The disclosure for this sale can be found here. Insiders have sold 630,787 shares of company stock worth $29,311,622 in the last 90 days. Insiders own 29.80% of the company's stock.
The Carlyle Group Trading Down 3.7 %
NASDAQ CG traded down $1.14 during trading hours on Tuesday, reaching $30.04. The company's stock had a trading volume of 51,809 shares, compared to its average volume of 2,351,057. The Carlyle Group Inc. has a 52 week low of $30.01 and a 52 week high of $60.62. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.63 and a quick ratio of 2.63. The stock has a market cap of $10.85 billion, a P/E ratio of 5.54, a P/E/G ratio of 0.32 and a beta of 1.66. The firm has a fifty day simple moving average of $33.99 and a 200-day simple moving average of $37.46.
The Carlyle Group (NASDAQ:CG – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The financial services provider reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.06. The Carlyle Group had a net margin of 31.86% and a return on equity of 40.15%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. Equities analysts forecast that The Carlyle Group Inc. will post 4.03 earnings per share for the current fiscal year.
The Carlyle Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 9th were issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend was Monday, August 8th. The Carlyle Group's dividend payout ratio is 23.77%.
Analysts Set New Price Targets
CG has been the subject of several analyst reports. Evercore ISI downgraded The Carlyle Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $55.00 to $38.00 in a research report on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft dropped their target price on The Carlyle Group from $56.00 to $43.00 in a research report on Friday, August 12th. TheStreet downgraded The Carlyle Group from a "b-" rating to a "c" rating in a research note on Thursday, July 28th. Morgan Stanley boosted their price target on shares of The Carlyle Group from $39.00 to $41.00 and gave the company an "equal weight" rating in a report on Tuesday, August 2nd. Finally, Jefferies Financial Group downgraded The Carlyle Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $55.00 to $38.00 in a report on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $44.46.
About The Carlyle Group
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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.
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