Integrated Wealth Concepts LLC Sells 399 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Integrated Wealth Concepts LLC reduced its stake in The Carlyle Group Inc. (NASDAQ:CG) by 6.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 5,489 shares of the financial services provider’s stock after selling 399 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in The Carlyle Group were worth $236,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. CWM LLC grew its position in shares of The Carlyle Group by 12.3% during the 2nd quarter. CWM LLC now owns 3,746 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 410 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in The Carlyle Group by 47.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,662 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 2,148 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of The Carlyle Group by 182.1% in the second quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock valued at $15,551,000 after buying an additional 250,021 shares during the period. Blue Trust Inc. lifted its position in shares of The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after buying an additional 643 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in The Carlyle Group by 17.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 40,769 shares of the financial services provider’s stock worth $1,637,000 after acquiring an additional 6,181 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Buying and Selling at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of the firm’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 transaction, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Carlyle Group Inc. sold 133,643 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the sale, the insider now owns 4,767,697 shares of the company’s stock, valued at $11,966,919.47. The trade was a 2.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,171,556 shares of company stock worth $29,222,475 over the last ninety days. Insiders own 27.20% of the company’s stock.

The Carlyle Group Trading Down 0.8 %

Shares of The Carlyle Group stock opened at $52.64 on Friday. 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 Inc. has a 1 year low of $36.65 and a 1 year high of $55.11. The firm has a market cap of $18.83 billion, a PE ratio of 181.52, a PEG ratio of 1.45 and a beta of 1.69. The company has a 50 day simple moving average of $51.21 and a two-hundred day simple moving average of $45.03.

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

The Carlyle Group Dividend Announcement

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

Analyst Ratings Changes

Several research firms have commented on CG. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, December 8th. TD Cowen raised their price objective 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. Morgan Stanley boosted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. 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 price target for the company. Finally, UBS Group increased their price objective on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and a consensus target price of $54.00.

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.