Perfromance Wealth Partners LLC Sells 13,376 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Perfromance Wealth Partners LLC reduced its position in The Carlyle Group Inc. (NASDAQ:CGGet Rating) by 8.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 145,564 shares of the financial services provider’s stock after selling 13,376 shares during the period. Perfromance Wealth Partners LLC’s holdings in The Carlyle Group were worth $4,609,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CG. Principal Financial Group Inc. boosted its holdings in shares of The Carlyle Group by 16.9% in the 4th quarter. Principal Financial Group Inc. now owns 14,800 shares of the financial services provider’s stock valued at $812,000 after buying an additional 2,136 shares in the last quarter. HighTower Advisors LLC boosted its stake in The Carlyle Group by 14.7% in the 4th quarter. HighTower Advisors LLC now owns 22,927 shares of the financial services provider’s stock worth $1,259,000 after purchasing an additional 2,936 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in The Carlyle Group by 2.9% in the 4th quarter. JPMorgan Chase & Co. now owns 345,946 shares of the financial services provider’s stock worth $18,993,000 after purchasing an additional 9,769 shares in the last quarter. Rhumbline Advisers boosted its stake in The Carlyle Group by 3.9% in the 4th quarter. Rhumbline Advisers now owns 153,498 shares of the financial services provider’s stock worth $8,427,000 after purchasing an additional 5,717 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in The Carlyle Group by 20.9% in the 4th quarter. Bank of Montreal Can now owns 290,043 shares of the financial services provider’s stock worth $15,893,000 after purchasing an additional 50,144 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock traded down $1.22 during trading hours on Friday, reaching $26.96. 91,979 shares of the company’s stock were exchanged, compared to its average volume of 2,364,077. The Carlyle Group Inc. has a 1 year low of $27.83 and a 1 year high of $60.62. The company has a market capitalization of $9.74 billion, a P/E ratio of 5.15, a price-to-earnings-growth ratio of 0.31 and a beta of 1.66. The business has a fifty day moving average of $33.88 and a two-hundred day moving average of $37.27. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 1.24.

The Carlyle Group (NASDAQ:CGGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The financial services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.06. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. The Carlyle Group had a net margin of 31.86% and a return on equity of 40.15%. As a group, research analysts predict that The Carlyle Group Inc. will post 4.03 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 9th were given a $0.325 dividend. The ex-dividend date was Monday, August 8th. This represents a $1.30 dividend on an annualized basis and a yield of 4.82%. The Carlyle Group’s payout ratio is currently 23.77%.

Analyst Upgrades and Downgrades

Several analysts have commented on CG shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of The Carlyle Group from $56.00 to $43.00 in a research note on Friday, August 12th. Morgan Stanley lifted their price objective on shares of The Carlyle Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 2nd. Royal Bank of Canada decreased their price objective on shares of The Carlyle Group from $15.00 to $11.00 and set an “outperform” rating for the company in a research note on Thursday, August 11th. The Goldman Sachs Group decreased their price objective on shares of The Carlyle Group from $58.00 to $48.00 and set a “buy” rating for the company in a research note on Wednesday, June 29th. Finally, Bank of America cut shares of The Carlyle Group from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $58.00 to $33.00 in a research note on Tuesday, September 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, The Carlyle Group currently has a consensus rating of “Hold” and a consensus price target of $44.46.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 167,755 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $50.85, for a total value of $8,530,341.75. Following the transaction, the insider now owns 40,307,862 shares of the company’s stock, valued at $2,049,654,782.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other The Carlyle Group news, CFO Curtis L. Buser sold 38,890 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $37.85, for a total transaction of $1,471,986.50. Following the sale, the chief financial officer now directly owns 1,094,484 shares in the company, valued at $41,426,219.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Carlyle Group Inc. sold 167,755 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $50.85, for a total transaction of $8,530,341.75. Following the sale, the insider now owns 40,307,862 shares in the company, valued at $2,049,654,782.70. The disclosure for this sale can be found here. Insiders have sold 630,787 shares of company stock valued at $29,311,622 over the last 90 days. 29.80% of the stock is owned by insiders.

About The Carlyle Group

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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.

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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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