The Carlyle Group Inc. (NASDAQ:CG) Shares Acquired by Moors & Cabot Inc.

Moors & Cabot Inc. lifted its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 20.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 7,653 shares of the financial services provider’s stock after purchasing an additional 1,275 shares during the quarter. Moors & Cabot Inc.’s holdings in The Carlyle Group were worth $307,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings 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 valued at $1,012,212,000 after purchasing an additional 1,756,189 shares in the last quarter. Capital World Investors lifted its stake in The Carlyle Group by 0.4% in the 1st quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock valued at $940,687,000 after buying an additional 79,681 shares in the last quarter. William Blair Investment Management LLC increased its stake in The Carlyle Group by 6.5% during the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after buying an additional 721,608 shares in the last quarter. Norges Bank acquired a new position in shares of The Carlyle Group during the fourth quarter valued at approximately $130,771,000. Finally, Capital International Investors purchased a new position in shares of The Carlyle Group in the first quarter valued at approximately $142,511,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Trading Down 1.9 %

NASDAQ:CG opened at $43.68 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.55 and a current ratio of 2.55. The Carlyle Group Inc. has a 1 year low of $27.13 and a 1 year high of $50.92. The stock has a market cap of $15.72 billion, a P/E ratio of -24.45, a P/E/G ratio of 1.13 and a beta of 1.73. The stock has a 50-day simple moving average of $41.96 and a 200-day simple moving average of $43.03.

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

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Friday, August 16th. The Carlyle Group’s payout ratio is -78.21%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CG shares. Keefe, Bruyette & Woods lowered their target price on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 6th. UBS Group decreased their target price on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. 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 report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft cut their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Wells Fargo & Company initiated coverage on The Carlyle Group in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $42.00 target price on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.81.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 78,180 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $39.94, for a total value of $3,122,509.20. Following the completion of the sale, the insider now directly owns 8,441,022 shares of the company’s stock, valued at $337,134,418.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 1,902,466 shares of company stock valued at $69,552,560. Insiders own 27.20% of the company’s stock.

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.