Livforsakringsbolaget Skandia Omsesidigt Acquires 1,600 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 1,600.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,700 shares of the financial services provider’s stock after acquiring an additional 1,600 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in The Carlyle Group were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of CG. Vanguard Group Inc. increased its position in shares of The Carlyle Group by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after buying an additional 1,756,189 shares during the period. Capital World Investors increased its holdings in The Carlyle Group by 0.4% during the 1st quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after acquiring an additional 79,681 shares during the period. William Blair Investment Management LLC lifted its stake in The Carlyle Group by 6.5% in the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after purchasing an additional 721,608 shares in the last quarter. Ariel Investments LLC grew its position in shares of The Carlyle Group by 1.1% during the 2nd quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock valued at $198,250,000 after purchasing an additional 54,805 shares in the last quarter. Finally, Capital International Investors bought a new position in shares of The Carlyle Group in the first quarter worth $142,511,000. 55.88% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of The Carlyle Group stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the sale, the insider now owns 3,643,231 shares in the company, valued at $7,796,514.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 2,609,335 shares of company stock worth $50,141,281. 27.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price 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. Evercore ISI upped their price objective on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research report on Monday. Oppenheimer boosted their price target on shares of The Carlyle Group from $64.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley raised their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, Redburn Atlantic initiated coverage on The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.27.

The Carlyle Group Price Performance

CG opened at $49.42 on Thursday. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The Carlyle Group Inc. has a 1 year low of $27.13 and a 1 year high of $50.92. The stock’s 50 day simple moving average is $42.02 and its 200 day simple moving average is $42.87. The firm has a market cap of $17.79 billion, a price-to-earnings ratio of -27.61, a PEG ratio of 1.25 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last posted 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 firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate 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 company’s quarterly revenue was up 131.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 earnings per share. As a group, analysts predict that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 16th were issued a dividend of $0.35 per share. 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 2.83%. 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.