The Carlyle Group Inc. (NASDAQ:CG) Shares Acquired by Raymond James Trust N.A.

Raymond James Trust N.A. raised its position in The Carlyle Group Inc. (NASDAQ:CG) by 7.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,765 shares of the financial services provider’s stock after buying an additional 708 shares during the period. Raymond James Trust N.A.’s holdings in The Carlyle Group were worth $464,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CG. Cetera Investment Advisers boosted its stake in The Carlyle Group by 292.1% during the 1st quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock valued at $1,574,000 after acquiring an additional 25,002 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of The Carlyle Group by 182.1% during the second quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock worth $15,551,000 after purchasing an additional 250,021 shares during the last quarter. Comerica Bank grew its stake in The Carlyle Group by 44.5% in the first quarter. Comerica Bank now owns 184,420 shares of the financial services provider’s stock worth $8,651,000 after purchasing an additional 56,811 shares in the last quarter. SMH Capital Advisors Inc. acquired a new stake in The Carlyle Group during the second quarter valued at approximately $636,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in The Carlyle Group by 25.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 91,137 shares of the financial services provider’s stock worth $3,659,000 after buying an additional 18,614 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Stock Down 1.6 %

CG stock opened at $53.52 on Wednesday. The firm has a market cap of $19.14 billion, a PE ratio of 184.55, a P/E/G ratio of 1.42 and a beta of 1.70. The Carlyle Group Inc. has a 12 month low of $32.23 and a 12 month high of $55.11. The firm has a 50 day simple moving average of $48.57 and a 200 day simple moving average of $44.12. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32.

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

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.62%. The Carlyle Group’s dividend payout ratio is 482.76%.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 92,905 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $2.27, for a total value of $210,894.35. Following the completion of the sale, the insider now owns 3,155,461 shares of the company’s stock, valued at approximately $7,162,896.47. The trade was a 2.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction dated 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 sale, the director now owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,171,556 shares of company stock valued at $29,222,475. Corporate insiders own 27.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CG. Redburn Atlantic initiated coverage on The Carlyle Group in a research report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price target on the stock. JMP Securities reissued a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. TD Cowen lifted their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. Morgan Stanley increased their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Finally, StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $53.33.

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.