Thrivent Financial for Lutherans Has $64.02 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

Thrivent Financial for Lutherans lowered its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 3.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,594,411 shares of the financial services provider’s stock after selling 60,989 shares during the quarter. Thrivent Financial for Lutherans owned about 0.44% of The Carlyle Group worth $64,015,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC grew its position in The Carlyle Group by 22.8% during the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after buying an additional 215 shares in the last quarter. Riverwater Partners LLC increased its position in shares of The Carlyle Group by 1.1% in the first quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider’s stock worth $1,021,000 after purchasing an additional 228 shares during the period. Retirement Planning Co of New England Inc. raised its stake in The Carlyle Group by 2.5% in the first quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 271 shares in the last quarter. Intrepid Capital Management Inc. lifted its position in The Carlyle Group by 2.6% during the fourth quarter. Intrepid Capital Management Inc. now owns 12,103 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 305 shares during the period. Finally, Western Pacific Wealth Management LP increased its holdings in The Carlyle Group by 14.7% in the 1st quarter. Western Pacific Wealth Management LP now owns 2,447 shares of the financial services provider’s stock valued at $115,000 after buying an additional 313 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Stock Performance

NASDAQ CG opened at $43.68 on Friday. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of -24.40, a PEG ratio of 1.13 and a beta of 1.73. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92. The stock has a fifty day simple moving average of $41.97 and a 200 day simple moving average of $42.99. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The Carlyle Group’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. Sell-side analysts expect that The Carlyle Group Inc. will post 3.76 EPS for the current year.

The Carlyle Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

CG has been the topic of several analyst reports. Redburn Atlantic began coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price target on the stock. Keefe, Bruyette & Woods reduced their target price on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a report on Tuesday, August 6th. Barclays lowered their price target on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. Oppenheimer decreased their target price on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.81.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 81,482 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was 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 in the company, valued at approximately $385,570,486.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 1,902,466 shares of company stock worth $69,552,560. Company insiders own 27.20% of the company’s stock.

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.