The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,332 shares of the financial services provider’s stock after selling 1,543 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in The Carlyle Group were worth $1,138,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in The Carlyle Group during the fourth quarter worth about $130,771,000. Capital International Investors acquired a new position in shares of The Carlyle Group during the 1st quarter worth approximately $142,511,000. Boston Partners purchased a new stake in shares of The Carlyle Group in the first quarter valued at approximately $109,122,000. Vanguard Group Inc. lifted its position in The Carlyle Group by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after buying an additional 1,756,189 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in The Carlyle Group by 194.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock worth $105,540,000 after buying an additional 1,712,133 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

NASDAQ CG opened at $38.07 on Friday. The company has a market cap of $13.70 billion, a P/E ratio of -21.27, a P/E/G ratio of 1.21 and a beta of 1.75. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The stock has a 50-day moving average of $42.10 and a two-hundred day moving average of $43.37. The Carlyle Group Inc. has a 1-year low of $27.13 and a 1-year high of $50.92.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The business’s revenue was up 131.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. As a group, analysts anticipate that The Carlyle Group Inc. will post 3.76 EPS for the current year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.68%. The ex-dividend date was Friday, August 16th. The Carlyle Group’s dividend payout ratio is currently -78.21%.

Wall Street Analyst Weigh In

Several research firms have recently commented on CG. Redburn Atlantic assumed coverage on The Carlyle Group in a report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price target on the stock. Barclays decreased their target price on shares of The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Jefferies Financial Group cut their price target on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, TD Cowen upped their price target on The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.07.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 127,981 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $438,756,883.95. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 2,261,559 shares of company stock valued at $82,700,460. 27.20% of the stock is currently owned by corporate insiders.

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.