Stanley Laman Group Ltd. Reduces Position in The Carlyle Group Inc. (NASDAQ:CG)

Stanley Laman Group Ltd. reduced its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 5.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 99,336 shares of the financial services provider’s stock after selling 6,134 shares during the period. Stanley Laman Group Ltd.’s holdings in The Carlyle Group were worth $4,042,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CWM LLC grew its stake in The Carlyle Group by 228.1% in the 3rd quarter. CWM LLC now owns 7,451 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 5,180 shares in the last quarter. AdvisorNet Financial Inc grew its stake in The Carlyle Group by 125.5% in the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 453 shares in the last quarter. SG Americas Securities LLC purchased a new position in The Carlyle Group during the 3rd quarter worth $755,000. Asset Management One Co. Ltd. raised its position in The Carlyle Group by 13.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 84,349 shares of the financial services provider’s stock valued at $2,544,000 after purchasing an additional 10,317 shares in the last quarter. Finally, Simplicity Solutions LLC grew its position in shares of The Carlyle Group by 10.2% during the 3rd quarter. Simplicity Solutions LLC now owns 56,583 shares of the financial services provider’s stock worth $1,707,000 after buying an additional 5,248 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CG. JPMorgan Chase & Co. lifted their price objective on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. TD Cowen assumed coverage on shares of The Carlyle Group in a research note on Thursday, January 4th. They set a “market perform” rating and a $42.00 price objective on the stock. UBS Group upped their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. JMP Securities lifted their price target on The Carlyle Group from $52.00 to $58.00 and gave the company a “market outperform” rating in a report on Thursday, February 8th. Finally, Barclays raised their price objective on The Carlyle Group from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, The Carlyle Group has an average rating of “Hold” and an average price target of $43.07.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was acquired at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the purchase, the insider now owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 27.00% of the company’s stock.

The Carlyle Group Stock Down 1.1 %

Shares of CG stock traded down $0.50 during trading hours on Thursday, reaching $45.62. 1,460,159 shares of the company’s stock were exchanged, compared to its average volume of 2,269,090. The stock has a market cap of $16.52 billion, a PE ratio of -26.99, a PEG ratio of 0.99 and a beta of 1.79. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52. The stock’s fifty day moving average price is $45.91 and its two-hundred day moving average price is $39.46. The Carlyle Group Inc. has a 1 year low of $25.20 and a 1 year high of $48.52.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The business had revenue of $896.40 million for the quarter, compared to analyst estimates of $860.68 million. During the same quarter in the prior year, the business posted $1.01 EPS. The Carlyle Group’s revenue for the quarter was down 15.4% compared to the same quarter last year. Research analysts predict that The Carlyle Group Inc. will post 3.95 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 annualized dividend and a yield of 3.07%. The Carlyle Group’s payout ratio is presently -82.84%.

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.