Toronto Dominion Bank Decreases Stake in The Carlyle Group Inc. (NASDAQ:CG)

Toronto Dominion Bank decreased its stake in The Carlyle Group Inc. (NASDAQ:CG) by 12.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,629 shares of the financial services provider’s stock after selling 7,241 shares during the period. Toronto Dominion Bank’s holdings in The Carlyle Group were worth $2,328,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. SYSTM Wealth Solutions LLC acquired a new stake in The Carlyle Group in the first quarter valued at $34,000. GAMMA Investing LLC purchased a new position in The Carlyle Group during the 4th quarter valued at about $38,000. Global Retirement Partners LLC lifted its holdings 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 valued at $40,000 after purchasing an additional 247 shares in the last quarter. Gold Investment Management Ltd. acquired a new stake in shares of The Carlyle Group in the fourth quarter valued at approximately $56,000. Finally, Compass Wealth Management LLC acquired a new position in shares of The Carlyle Group during the 1st quarter worth approximately $57,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 64,263 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $40.23, for a total value of $2,585,300.49. Following the completion of the sale, the insider now owns 12,395,920 shares of the company’s stock, valued at $498,687,861.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 1,468,847 shares of company stock worth $51,024,340. 27.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on CG. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $48.00 price target (down previously from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. The Goldman Sachs Group cut their target price on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. TD Cowen decreased their price target on shares of The Carlyle Group from $45.00 to $41.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Oppenheimer reduced their price objective on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Finally, Jefferies Financial Group lowered their target price on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.20.

The Carlyle Group Trading Up 1.9 %

NASDAQ CG opened at $47.20 on Friday. The Carlyle Group Inc. has a one year low of $27.13 and a one year high of $48.52. The company’s 50 day moving average price is $42.27 and its 200 day moving average price is $43.38. 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 Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results 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 firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm’s revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.63 EPS. As a group, equities research analysts forecast that The Carlyle Group Inc. will post 3.89 earnings per share for the current fiscal year.

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.