ProShare Advisors LLC Sells 380 Shares of The Carlyle Group Inc. (NASDAQ:CG)

ProShare Advisors LLC reduced its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 3.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,183 shares of the financial services provider’s stock after selling 380 shares during the quarter. ProShare Advisors LLC’s holdings in The Carlyle Group were worth $409,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tobam purchased a new stake in The Carlyle Group in the second quarter worth about $27,000. Blue Trust Inc. lifted its stake in shares of The Carlyle Group by 506.3% in the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 643 shares during the period. SYSTM Wealth Solutions LLC purchased a new stake in The Carlyle Group in the first quarter worth $34,000. Rothschild Investment LLC bought a new position in The Carlyle Group in the second quarter worth $50,000. Finally, GAMMA Investing LLC lifted 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 valued at $54,000 after buying an additional 215 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Stock Up 0.3 %

Shares of The Carlyle Group stock opened at $43.20 on Wednesday. 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 company has a market cap of $15.55 billion, a price-to-earnings ratio of -24.13, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. The company’s 50 day moving average is $41.57 and its 200 day moving average is $42.80.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data 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 firm had revenue of $1.07 billion during 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 business’s revenue was up 131.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. Research analysts anticipate that The Carlyle Group Inc. will post 3.76 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 50,739 shares of The Carlyle Group stock in a transaction on Friday, July 5th. The stock was sold at an average price of $31.15, for a total transaction of $1,580,519.85. Following the transaction, the insider now directly owns 11,249,724 shares in the company, valued at $350,428,902.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 1,563,500 shares of company stock valued at $58,426,307. Insiders own 27.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CG. UBS Group decreased their price target on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Oppenheimer dropped their price target 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. Barclays reduced their price objective 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. Wells Fargo & Company assumed coverage on The Carlyle Group in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $42.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and an average price target 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.