HighTower Advisors LLC Boosts Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

HighTower Advisors LLC grew its position in The Carlyle Group Inc. (NASDAQ:CG) by 1.1% during the third quarter, Holdings Channel reports. The institutional investor owned 39,421 shares of the financial services provider’s stock after acquiring an additional 415 shares during the quarter. HighTower Advisors LLC’s holdings in The Carlyle Group were worth $1,701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CG. Hilltop Holdings Inc. boosted its stake in The Carlyle Group by 71.2% in the third quarter. Hilltop Holdings Inc. now owns 42,171 shares of the financial services provider’s stock valued at $1,816,000 after acquiring an additional 17,544 shares in the last quarter. Holocene Advisors LP boosted its position in shares of The Carlyle Group by 17.6% in the 3rd quarter. Holocene Advisors LP now owns 432,585 shares of the financial services provider’s stock worth $18,627,000 after purchasing an additional 64,613 shares in the last quarter. Centiva Capital LP acquired a new position in The Carlyle Group during the 3rd quarter valued at about $854,000. Cinctive Capital Management LP purchased a new stake in The Carlyle Group in the third quarter valued at about $2,938,000. Finally, Benjamin Edwards Inc. grew its stake in shares of The Carlyle Group by 2,584.2% during the third quarter. Benjamin Edwards Inc. now owns 18,011 shares of the financial services provider’s stock worth $775,000 after acquiring an additional 17,340 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $52.64 on Monday. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year high of $55.11. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The company’s fifty day moving average price is $51.21 and its 200 day moving average price is $45.07. The company has a market capitalization of $18.83 billion, a PE ratio of 181.52, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The company had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The Carlyle Group’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.87 earnings per share. On average, research analysts predict that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group’s dividend payout ratio is presently 482.76%.

Analysts Set New Price Targets

CG has been the subject of several research analyst reports. UBS Group increased their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. TD Cowen raised their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Redburn Atlantic initiated 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 lifted their price target on The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Oppenheimer increased their price objective on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $54.00.

Insiders Place Their Bets

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the sale, the director now directly owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the transaction, the insider now directly owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. The trade was a 20.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,171,556 shares of company stock worth $29,222,475. Corporate 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.