Toronto Dominion Bank Raises Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Toronto Dominion Bank raised its position in The Carlyle Group Inc. (NASDAQ:CG) by 1.3% in the 2nd quarter, Holdings Channel reports. The firm owned 50,268 shares of the financial services provider’s stock after buying an additional 639 shares during the quarter. Toronto Dominion Bank’s holdings in The Carlyle Group were worth $2,018,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CG. Fred Alger Management LLC grew its holdings in shares of The Carlyle Group by 7.4% during the second quarter. Fred Alger Management LLC now owns 44,603 shares of the financial services provider’s stock worth $1,791,000 after purchasing an additional 3,059 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in The Carlyle Group by 74.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,984 shares of the financial services provider’s stock worth $1,806,000 after buying an additional 19,160 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of The Carlyle Group during the 2nd quarter valued at $2,071,000. Marshall Wace LLP bought a new stake in shares of The Carlyle Group during the 2nd quarter worth $37,009,000. Finally, Bank of Montreal Can grew its position in The Carlyle Group by 0.7% in the second quarter. Bank of Montreal Can now owns 245,091 shares of the financial services provider’s stock worth $10,010,000 after acquiring an additional 1,750 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

CG has been the subject of several research analyst reports. Redburn Atlantic initiated coverage on The Carlyle Group in a research note on Tuesday, August 27th. They set a “buy” rating and a $55.00 price target for the company. UBS Group reduced their price target on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Oppenheimer decreased their target price on shares of 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, Keefe, Bruyette & Woods reduced their price objective on 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and an average target price of $45.81.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 50,739 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $31.15, for a total transaction of $1,580,519.85. Following the sale, the insider now owns 11,249,724 shares of the company’s stock, valued at $350,428,902.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 1,616,224 shares of company stock worth $60,053,897. 27.20% of the stock is owned by corporate insiders.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $43.59 on Monday. 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 Inc. has a twelve month low of $27.13 and a twelve month high of $50.92. The stock has a market cap of $15.69 billion, a P/E ratio of -24.35, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. The firm’s fifty day simple moving average is $41.70 and its 200 day simple moving average is $42.82.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations 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 Carlyle Group’s quarterly revenue was up 131.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.88 EPS. As a group, research analysts predict that The Carlyle Group Inc. will post 3.76 EPS for the current year.

The Carlyle Group Announces Dividend

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

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.