The Carlyle Group Inc. (NASDAQ:CG) Shares Bought by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lifted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 108,707 shares of the financial services provider’s stock after buying an additional 976 shares during the period. Stanley Laman Group Ltd.’s holdings in The Carlyle Group were worth $4,365,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after buying an additional 643 shares during the last quarter. SYSTM Wealth Solutions LLC bought a new stake in The Carlyle Group in the 1st quarter valued at about $34,000. GAMMA Investing LLC acquired a new position in The Carlyle Group during the 4th quarter valued at about $38,000. Global Retirement Partners LLC grew its position in The Carlyle Group by 41.2% in the 1st 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, 1832 Asset Management L.P. acquired a new position in shares of The Carlyle Group during the first quarter worth approximately $55,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Trading Down 1.4 %

CG traded down $0.57 during trading on Friday, reaching $41.11. The company had a trading volume of 1,658,648 shares, compared to its average volume of 2,298,648. 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 Inc. has a 12-month low of $27.13 and a 12-month high of $50.92. The company has a market cap of $14.79 billion, a price-to-earnings ratio of -22.97, a PEG ratio of 1.38 and a beta of 1.75. The firm’s 50-day simple moving average is $42.13 and its 200 day simple moving average is $43.66.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The firm’s revenue was up 131.5% compared to the same quarter last year. Equities research analysts anticipate that The Carlyle Group Inc. will post 3.87 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Friday, August 16th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Friday, August 16th. The Carlyle Group’s payout ratio is -78.21%.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 24,390 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $30.09, for a total transaction of $733,895.10. Following the completion of the sale, the insider now directly owns 11,141,580 shares in the company, valued at $335,250,142.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 2,261,559 shares of company stock valued at $82,700,460. Corporate insiders own 27.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CG shares. Barclays reduced their price target on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday. Keefe, Bruyette & Woods reduced their price target on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a research note on Tuesday, August 6th. Oppenheimer dropped their target price on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. Finally, Jefferies Financial Group lowered their price target on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $45.43.

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.