William Blair Investment Management LLC increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG – Free Report) by 19.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,352,634 shares of the financial services provider’s stock after purchasing an additional 864,482 shares during the quarter. William Blair Investment Management LLC’s holdings in The Carlyle Group were worth $171,017,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in CG. Achmea Investment Management B.V. grew its holdings in The Carlyle Group by 18.7% in the 2nd quarter. Achmea Investment Management B.V. now owns 37,063 shares of the financial services provider’s stock valued at $1,184,000 after buying an additional 5,845 shares in the last quarter. Barclays PLC grew its holdings in shares of The Carlyle Group by 158.1% during the 1st quarter. Barclays PLC now owns 577,785 shares of the financial services provider’s stock worth $17,946,000 after purchasing an additional 353,959 shares during the period. PFG Investments LLC purchased a new position in shares of The Carlyle Group during the 1st quarter worth $278,000. Mirabella Financial Services LLP purchased a new position in shares of The Carlyle Group during the 1st quarter worth $223,000. Finally, Truist Financial Corp grew its holdings in shares of The Carlyle Group by 4.3% during the 1st quarter. Truist Financial Corp now owns 49,738 shares of the financial services provider’s stock worth $1,545,000 after purchasing an additional 2,060 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on CG. Barclays increased their price target on The Carlyle Group from $37.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. JPMorgan Chase & Co. increased their target price on The Carlyle Group from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 8th. Piper Sandler decreased their target price on The Carlyle Group from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, August 3rd. JMP Securities reissued a “market outperform” rating and set a $52.00 target price on shares of The Carlyle Group in a research note on Thursday, August 17th. Finally, Wolfe Research assumed coverage on The Carlyle Group in a research report on Wednesday, October 4th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.13.
The Carlyle Group Stock Down 0.1 %
Shares of CG stock traded down $0.04 during trading hours on Monday, reaching $31.81. The company had a trading volume of 958,427 shares, compared to its average volume of 2,774,942. The company has a debt-to-equity ratio of 1.34, a quick ratio of 2.92 and a current ratio of 2.94. The Carlyle Group Inc. has a twelve month low of $25.20 and a twelve month high of $38.32. The company has a market capitalization of $11.45 billion, a P/E ratio of 54.91, a price-to-earnings-growth ratio of 8.49 and a beta of 1.71. The stock’s fifty day simple moving average is $30.00 and its 200 day simple moving average is $30.51.
The Carlyle Group (NASDAQ:CG – Get Free Report) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. The firm had revenue of $776.60 million during the quarter, compared to the consensus estimate of $835.81 million. The Carlyle Group had a return on equity of 19.43% and a net margin of 7.65%. The Carlyle Group’s revenue for the quarter was down 44.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.42 earnings per share. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 3.07 earnings per share for the current fiscal year.
The Carlyle Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Tuesday, November 21st will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Monday, November 20th. The Carlyle Group’s dividend payout ratio is presently 241.38%.
Insider Buying and Selling
In other The Carlyle Group news, major shareholder Subsidiary Holdings L.L.C. Cg bought 1,269,537 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were purchased at an average cost of $8.52 per share, for a total transaction of $10,816,455.24. Following the transaction, the insider now directly owns 4,785,628 shares in the company, valued at $40,773,550.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 27.00% of the company’s stock.
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.
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