The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lessened its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,737 shares of the financial services provider’s stock after selling 347 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in The Carlyle Group were worth $2,239,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SYSTM Wealth Solutions LLC purchased a new position in shares of The Carlyle Group in the first quarter worth about $34,000. CVA Family Office LLC purchased a new position in shares of The Carlyle Group in the fourth quarter worth about $35,000. GAMMA Investing LLC purchased a new position in shares of The Carlyle Group in the fourth quarter worth about $38,000. Global Retirement Partners LLC raised its stake in shares of The Carlyle Group by 41.2% in the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares during the last quarter. Finally, Gold Investment Management Ltd. purchased a new position in shares of The Carlyle Group in the fourth quarter worth about $56,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Price Performance

Shares of NASDAQ:CG traded up $0.05 during trading on Tuesday, reaching $46.48. The stock had a trading volume of 1,317,885 shares, compared to its average volume of 2,220,910. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The business has a fifty day moving average price of $42.03 and a 200-day moving average price of $43.22. The stock has a market cap of $16.73 billion, a PE ratio of -25.99, a PEG ratio of 1.32 and a beta of 1.75. The Carlyle Group Inc. has a 1-year low of $27.13 and a 1-year high of $48.52.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 earnings per share. On average, equities analysts forecast that The Carlyle Group Inc. will post 3.89 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Monday, May 13th. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

Analyst Ratings Changes

Several brokerages recently weighed in on CG. TD Cowen reduced their price target on The Carlyle Group from $45.00 to $41.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Jefferies Financial Group reduced their price target on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. UBS Group reduced their price target on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. The Goldman Sachs Group reduced their price target on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $48.00 price target (down from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, The Carlyle Group has an average rating of “Hold” and an average target price of $45.20.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 127,981 shares of The Carlyle Group stock in a transaction on Friday, June 14th. The stock was sold at an average price of $36.19, for a total value of $4,631,632.39. Following the sale, the insider now owns 12,123,705 shares in the company, valued at $438,756,883.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 1,118,874 shares of company stock valued at $37,880,875. Insiders own 27.20% of the company’s stock.

The Carlyle Group Company 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.