GAMMA Investing LLC Boosts Holdings in The Carlyle Group Inc. (NASDAQ:CG)

GAMMA Investing LLC boosted its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 10.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,463 shares of the financial services provider’s stock after purchasing an additional 509 shares during the period. GAMMA Investing LLC’s holdings in The Carlyle Group were worth $276,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new stake in The Carlyle Group in the third quarter valued at $33,000. Tobam lifted its position in shares of The Carlyle Group by 32.8% during the third quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 220 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,600 shares in the last quarter. Blue Trust Inc. increased its holdings in The Carlyle Group by 147.9% in the third quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,139 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in The Carlyle Group during the 2nd quarter worth approximately $126,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $51.55 on Wednesday. The firm’s 50-day simple moving average is $51.77 and its 200 day simple moving average is $46.28. The stock has a market cap of $18.44 billion, a P/E ratio of 177.76, a P/E/G ratio of 1.45 and a beta of 1.69. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $55.11.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the business posted $0.87 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities analysts expect that The Carlyle Group Inc. will post 3.77 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group’s dividend payout ratio is presently 482.76%.

Analyst Upgrades and Downgrades

CG has been the topic of several research reports. Barclays upped their price target on The Carlyle Group from $57.00 to $59.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Oppenheimer raised their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Friday, January 3rd. Wells Fargo & Company lifted their target price on The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Evercore ISI increased their price target on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, The Carlyle Group currently has an average rating of “Hold” and a consensus price target of $54.38.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 92,905 shares of the company’s stock in a transaction 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 transaction, the insider now owns 3,155,461 shares of the company’s stock, valued at approximately $7,162,896.47. This represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction on 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 directly owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,113,447 shares of company stock worth $26,908,674 over the last 90 days. 27.20% of the stock is currently owned by company insiders.

The Carlyle Group 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.