Abel Hall LLC Purchases Shares of 5,187 The Carlyle Group Inc. (NASDAQ:CG)

Abel Hall LLC purchased a new stake in The Carlyle Group Inc. (NASDAQ:CGFree Report) in the 4th quarter, Holdings Channel reports. The firm purchased 5,187 shares of the financial services provider’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. New York State Teachers Retirement System acquired a new position in shares of The Carlyle Group in the 4th quarter valued at about $1,349,000. Principal Financial Group Inc. lifted its stake in shares of The Carlyle Group by 4,693.0% in the 4th quarter. Principal Financial Group Inc. now owns 794,438 shares of the financial services provider’s stock valued at $32,326,000 after purchasing an additional 777,863 shares in the last quarter. Mutual of America Capital Management LLC acquired a new position in shares of The Carlyle Group in the 4th quarter valued at about $5,410,000. SG Americas Securities LLC lifted its stake in shares of The Carlyle Group by 347.1% in the 4th quarter. SG Americas Securities LLC now owns 111,957 shares of the financial services provider’s stock valued at $4,556,000 after purchasing an additional 86,914 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in The Carlyle Group by 40.5% during the 4th quarter. Victory Capital Management Inc. now owns 448,938 shares of the financial services provider’s stock worth $18,267,000 after acquiring an additional 129,390 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

Shares of NASDAQ CG traded down $0.61 during trading on Friday, reaching $39.05. The stock had a trading volume of 2,780,626 shares, compared to its average volume of 2,006,896. The Carlyle Group Inc. has a one year low of $27.13 and a one year high of $48.52. 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 stock has a market cap of $14.05 billion, a PE ratio of -21.82, a P/E/G ratio of 1.10 and a beta of 1.77. The firm’s 50 day moving average price is $43.42 and its two-hundred day moving average price is $42.68.

The Carlyle Group (NASDAQ:CGGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 EPS 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 the consensus estimate 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 was up 35.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 EPS. On average, research analysts forecast that The Carlyle Group Inc. will post 3.9 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.59%. The Carlyle Group’s payout ratio is currently -78.21%.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 64,263 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $40.23, for a total transaction of $2,585,300.49. Following the completion of the transaction, the insider now owns 12,395,920 shares in the company, valued at approximately $498,687,861.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 27.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays reduced their price target on The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Oppenheimer reduced their price target on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. TD Cowen cut their target price on The Carlyle Group from $49.00 to $45.00 and set a “hold” rating on the stock in a research report on Thursday, May 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $48.00 target price (down from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. Finally, UBS Group upped their target price on The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.60.

View Our Latest Stock Report on CG

The Carlyle Group Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Carlyle Group Inc. (NASDAQ:CGFree Report).

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

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