XTX Topco Ltd Reduces Position in The Carlyle Group Inc. (NASDAQ:CG)

XTX Topco Ltd decreased its position in The Carlyle Group Inc. (NASDAQ:CG) by 6.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,607 shares of the financial services provider’s stock after selling 1,601 shares during the period. XTX Topco Ltd’s holdings in The Carlyle Group were worth $948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in CG. Tobam acquired a new stake in shares of The Carlyle Group in the second quarter worth $27,000. Blue Trust Inc. boosted its holdings in The Carlyle Group by 506.3% in the second 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 last quarter. SYSTM Wealth Solutions LLC purchased a new position in shares of The Carlyle Group during the 1st quarter valued at about $34,000. Rothschild Investment LLC acquired a new position in shares of The Carlyle Group in the 2nd quarter valued at about $50,000. Finally, GAMMA Investing LLC boosted its stake in shares of The Carlyle Group by 22.8% in the first 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 during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

CG has been the subject of several recent research reports. Wells Fargo & Company assumed coverage on shares of The Carlyle Group in a report on Thursday, September 12th. They set an “equal weight” rating and a $42.00 target price for the company. JPMorgan Chase & Co. downgraded shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $46.00 to $44.00 in a research report on Tuesday, August 6th. TD Cowen lifted their price target on The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods lowered their price target 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. Finally, Deutsche Bank Aktiengesellschaft cut their price objective 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 research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, The Carlyle Group has a consensus rating of “Hold” and an average target price of $45.81.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $43.68 on Friday. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of -24.40, a price-to-earnings-growth ratio of 1.13 and a beta of 1.73. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $50.92. The firm has a 50-day simple moving average of $41.97 and a 200-day simple moving average of $42.99. 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 (NASDAQ:CG) last released its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was up 131.5% compared to the same quarter last year. During the same period last year, the business earned $0.88 earnings per share. On average, equities analysts predict that The Carlyle Group Inc. will post 3.76 earnings per share for the current fiscal 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 paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 73,713 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $34.34, for a total value of $2,531,304.42. Following the completion of the sale, the insider now owns 11,766,022 shares of the company’s stock, valued at approximately $404,045,195.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 1,902,466 shares of company stock valued at $69,552,560. 27.20% of the stock is currently owned by insiders.

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.