Creative Planning Boosts Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Creative Planning boosted its position in The Carlyle Group Inc. (NASDAQ:CG) by 10.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 11,905 shares of the financial services provider’s stock after purchasing an additional 1,111 shares during the period. Creative Planning’s holdings in The Carlyle Group were worth $478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CG. Vanguard Group Inc. grew its position in The Carlyle Group by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after acquiring an additional 1,756,189 shares during the last quarter. Capital World Investors grew its stake in shares of The Carlyle Group by 0.4% in the 1st quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after buying an additional 79,681 shares during the last quarter. William Blair Investment Management LLC increased its stake in The Carlyle Group by 6.5% during the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock valued at $554,448,000 after purchasing an additional 721,608 shares in the last quarter. Ariel Investments LLC raised its stake in shares of The Carlyle Group by 1.1% in the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock worth $198,250,000 after purchasing an additional 54,805 shares during the last quarter. Finally, Capital International Investors bought a new position in The Carlyle Group during the 1st quarter valued at about $142,511,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Trading Down 0.0 %

Shares of NASDAQ:CG opened at $48.60 on Wednesday. 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 company has a market capitalization of $17.49 billion, a P/E ratio of -27.15, a price-to-earnings-growth ratio of 1.25 and a beta of 1.73. The company has a 50-day simple moving average of $41.80 and a 200 day simple moving average of $42.82. The Carlyle Group Inc. has a 52-week low of $27.13 and a 52-week high of $50.92.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The firm 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 for the quarter was up 131.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.88 EPS. Sell-side analysts forecast that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 2.88%. The Carlyle Group’s dividend payout ratio is currently -78.21%.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 65,636 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $34.12, for a total value of $2,239,500.32. Following the completion of the sale, the insider now owns 10,562,558 shares of the company’s stock, valued at $360,394,478.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 2,609,335 shares of company stock valued at $50,141,281. Corporate insiders own 27.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 6th. Barclays lifted their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. UBS Group dropped their target price on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. JMP Securities reissued a “market outperform” rating and issued a $60.00 price objective on shares of The Carlyle Group in a research note on Wednesday, October 9th. Finally, TD Cowen lifted their target price on shares of The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $49.33.

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.