The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 1.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 27,322 shares of the financial services provider’s stock after selling 500 shares during the quarter. D.A. Davidson & CO.’s holdings in The Carlyle Group were worth $1,176,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CG. Tobam bought a new stake in shares of The Carlyle Group during the 2nd quarter worth $27,000. Blue Trust Inc. boosted its position in shares of The Carlyle Group by 506.3% in the 2nd 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 period. Rothschild Investment LLC purchased a new position in The Carlyle Group in the 2nd quarter worth about $50,000. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,600 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of The Carlyle Group in the second quarter worth about $126,000. 55.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the transaction, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the sale, the insider now 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. Insiders sold a total of 2,171,556 shares of company stock valued at $29,222,475 in the last quarter. Insiders own 27.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. UBS Group upped their price target 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. Wells Fargo & Company raised their target price on The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Oppenheimer lifted their target price on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of 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. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $53.33.

The Carlyle Group Trading Up 1.0 %

The Carlyle Group stock opened at $53.23 on Monday. The Carlyle Group Inc. has a one year low of $34.13 and a one year high of $55.11. The company’s fifty day moving average price is $49.36 and its two-hundred day moving average price is $44.41. The company has a market capitalization of $19.04 billion, a price-to-earnings ratio of 183.55, a PEG ratio of 1.41 and a beta of 1.70. 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 issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same period last year, the business earned $0.87 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, analysts forecast that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.63%. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

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.