Park Avenue Securities LLC Buys 911 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Park Avenue Securities LLC grew its stake in The Carlyle Group Inc. (NASDAQ:CG) by 13.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 7,452 shares of the financial services provider’s stock after buying an additional 911 shares during the quarter. Park Avenue Securities LLC’s holdings in The Carlyle Group were worth $350,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Norges Bank purchased a new stake in The Carlyle Group in the fourth quarter worth approximately $130,771,000. Vanguard Group Inc. boosted its stake in shares of The Carlyle Group by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after purchasing an additional 1,756,189 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of The Carlyle Group by 194.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock valued at $105,540,000 after purchasing an additional 1,712,133 shares during the last quarter. Ariel Investments LLC lifted its stake in The Carlyle Group by 16.9% in the third quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock worth $191,954,000 after purchasing an additional 918,114 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in The Carlyle Group by 4,693.0% during the fourth quarter. Principal Financial Group Inc. now owns 794,438 shares of the financial services provider’s stock valued at $32,326,000 after buying an additional 777,863 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. TD Cowen lowered their target price on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, May 2nd. UBS Group increased their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $48.00 price target (down from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. Jefferies Financial Group decreased their price objective on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group dropped their target price 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.60.

The Carlyle Group Trading Up 0.7 %

CG opened at $40.15 on Monday. The stock has a market cap of $14.45 billion, a PE ratio of -22.43, a PEG ratio of 1.13 and a beta of 1.77. The business has a 50 day moving average of $42.25 and a 200-day moving average of $43.01. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $48.52. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 EPS. Equities research analysts predict that The Carlyle Group Inc. will post 3.9 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.49%. The Carlyle Group’s payout ratio is -78.21%.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 127,981 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $36.19, for a total transaction of $4,631,632.39. Following the completion of the transaction, the insider now directly owns 12,123,705 shares in the company, valued at $438,756,883.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 514,288 shares of company stock valued at $18,383,593 in the last ninety days. 27.20% of the stock is currently owned by corporate insiders.

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.