Louisiana State Employees Retirement System Sells 1,200 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Louisiana State Employees Retirement System lessened its position in The Carlyle Group Inc. (NASDAQ:CG) by 1.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 61,100 shares of the financial services provider’s stock after selling 1,200 shares during the period. Louisiana State Employees Retirement System’s holdings in The Carlyle Group were worth $2,453,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its position 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 worth $31,000 after acquiring an additional 643 shares during the period. SYSTM Wealth Solutions LLC purchased a new position in The Carlyle Group during the first quarter valued at approximately $34,000. GAMMA Investing LLC purchased a new position in shares of The Carlyle Group during the 4th quarter valued at $38,000. Global Retirement Partners LLC grew its position in shares of The Carlyle Group by 41.2% during 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 in the last quarter. Finally, 1832 Asset Management L.P. purchased a new stake in The Carlyle Group in the 1st quarter worth $55,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Trading Up 1.8 %

NASDAQ CG traded up $0.70 during trading on Friday, hitting $40.35. The stock had a trading volume of 1,697,756 shares, compared to its average volume of 2,289,702. The firm has a 50 day moving average price of $42.16 and a 200 day moving average price of $43.66. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92. The company has a market capitalization of $14.52 billion, a PE ratio of -22.74, a PEG ratio of 1.38 and a beta of 1.75.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $808.73 million. During the same period last year, the business earned $0.88 EPS. The firm’s revenue was up 131.5% compared to the same quarter last year. As a group, equities research analysts forecast that The Carlyle Group Inc. will post 3.87 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, August 16th. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 214,732 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $38.97, for a total transaction of $8,368,106.04. Following the completion of the transaction, the insider now directly owns 10,113,040 shares of the company’s stock, valued at $394,105,168.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 2,261,559 shares of company stock valued at $82,700,460. 27.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CG has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their price objective 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. TD Cowen boosted their price objective on shares of The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. The Goldman Sachs Group decreased their target price 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. UBS Group dropped their target price on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, Oppenheimer dropped their price objective on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $45.43.

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.