The Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board grew its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 15.6% in the second quarter, HoldingsChannel reports. The fund owned 577,800 shares of the financial services provider’s stock after buying an additional 77,800 shares during the period. Canada Pension Plan Investment Board’s holdings in The Carlyle Group were worth $23,199,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CG. Tobam acquired a new stake in The Carlyle Group during the second quarter valued at $27,000. SYSTM Wealth Solutions LLC acquired a new stake in The Carlyle Group during the first quarter valued at $34,000. Blue Trust Inc. lifted its position in shares of The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after buying an additional 643 shares during the last quarter. GAMMA Investing LLC lifted its position 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. Finally, 1832 Asset Management L.P. acquired a new stake in shares of The Carlyle Group in the first quarter worth about $55,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 214,732 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $38.97, for a total value of $8,368,106.04. Following the completion of the sale, the insider now owns 10,113,040 shares of the company’s stock, valued at approximately $394,105,168.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders sold 1,828,753 shares of company stock valued at $67,021,255. 27.20% of the stock is owned by insiders.

The Carlyle Group Trading Down 1.9 %

NASDAQ:CG opened at $43.68 on Monday. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92. 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 business has a 50 day moving average price of $41.97 and a two-hundred day moving average price of $42.96. The company has a market cap of $15.72 billion, a P/E ratio of -24.40, a price-to-earnings-growth ratio of 1.13 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last released its quarterly 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 Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. During the same period last year, the company earned $0.88 EPS. The company’s revenue was up 131.5% compared to the same quarter last year. As a group, analysts expect that The Carlyle Group Inc. will post 3.76 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s payout ratio is presently -78.21%.

Wall Street Analysts Forecast Growth

CG has been the subject of a number of analyst reports. UBS Group reduced their price target on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. TD Cowen boosted their price objective on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Oppenheimer lowered their price target on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lowered The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $46.00 to $44.00 in a research note on Tuesday, August 6th. Finally, 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 note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and a consensus price target of $45.81.

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.