MBB Public Markets I LLC Invests $742,000 in The Carlyle Group Inc. (NASDAQ:CG)

MBB Public Markets I LLC purchased a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 18,493 shares of the financial services provider’s stock, valued at approximately $742,000.

Other hedge funds have also recently modified their holdings of the company. Tobam purchased a new stake in The Carlyle Group during the second quarter worth about $27,000. Blue Trust Inc. grew its stake in The Carlyle Group by 506.3% in the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 643 shares during the period. SYSTM Wealth Solutions LLC purchased a new stake in The Carlyle Group in the first quarter valued at approximately $34,000. Rothschild Investment LLC acquired a new position in The Carlyle Group in the second quarter valued at $50,000. Finally, GAMMA Investing LLC lifted its holdings in The Carlyle Group by 22.8% in the 1st 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. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Trading Up 0.3 %

CG stock opened at $43.20 on Wednesday. The Carlyle Group Inc. has a 1-year low of $27.13 and a 1-year high of $50.92. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75. The business’s 50 day moving average is $41.57 and its 200-day moving average is $42.80. The firm has a market cap of $15.55 billion, a P/E ratio of -24.13, a P/E/G ratio of 1.30 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results 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 business had revenue of $1.07 billion for the quarter, compared to the consensus estimate 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 firm’s revenue was up 131.5% on a year-over-year basis. During the same quarter last year, the company earned $0.88 earnings per share. Equities 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. Investors of record on Friday, August 16th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a yield of 3.24%. The Carlyle Group’s payout ratio is -78.21%.

Analyst Ratings Changes

Several brokerages recently weighed in on CG. JPMorgan Chase & Co. lowered The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $46.00 to $44.00 in a report on Tuesday, August 6th. Redburn Atlantic assumed coverage on The Carlyle Group in a research report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price on the stock. Wells Fargo & Company initiated 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 target for the company. 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, Oppenheimer reduced their price objective on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.81.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 59,973 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $30.39, for a total value of $1,822,579.47. Following the completion of the transaction, the insider now directly owns 11,189,751 shares in the company, valued at approximately $340,056,532.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,563,500 shares of company stock worth $58,426,307 over the last ninety days. Company 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.