Mutual of America Capital Management LLC Sells 5,356 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Mutual of America Capital Management LLC lessened its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,629 shares of the financial services provider’s stock after selling 5,356 shares during the quarter. Mutual of America Capital Management LLC’s holdings in The Carlyle Group were worth $4,964,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Private Advisor Group LLC purchased a new position in shares of The Carlyle Group during the fourth quarter valued at about $241,000. Vanguard Personalized Indexing Management LLC grew its position in shares of The Carlyle Group by 37.6% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 10,897 shares of the financial services provider’s stock valued at $443,000 after purchasing an additional 2,980 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in The Carlyle Group in the fourth quarter worth about $370,000. PNC Financial Services Group Inc. grew its position in The Carlyle Group by 12.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 29,192 shares of the financial services provider’s stock worth $1,188,000 after acquiring an additional 3,145 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in The Carlyle Group by 203.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,857 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 1,914 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

The Carlyle Group stock opened at $43.68 on Friday. The company has a 50 day moving average price of $41.97 and a 200-day moving average price of $42.99. 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 fifty-two week low of $27.13 and a fifty-two week high of $50.92. The company has a market capitalization of $15.72 billion, a PE ratio of -24.40, a P/E/G ratio of 1.13 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last posted its quarterly 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 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 for the quarter, compared to the consensus estimate of $808.73 million. During the same period in the prior year, the firm posted $0.88 EPS. The business’s revenue was up 131.5% on a year-over-year basis. As a group, equities analysts forecast that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

The Carlyle Group Announces Dividend

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

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 81,482 shares of The Carlyle Group stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $33.19, for a total transaction of $2,704,387.58. Following the transaction, the insider now directly owns 11,617,068 shares of the company’s stock, valued at $385,570,486.92. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 1,902,466 shares of company stock valued at $69,552,560 over the last ninety days. 27.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. TD Cowen lifted their price target on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Oppenheimer dropped their price target on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. JPMorgan Chase & Co. lowered The Carlyle Group from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $46.00 to $44.00 in a research report on Tuesday, August 6th. Barclays dropped their price target on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company assumed coverage on shares of The Carlyle Group in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $42.00 price objective for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $45.81.

The Carlyle Group 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.