Moors & Cabot Inc. Buys 900 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Moors & Cabot Inc. boosted its position in The Carlyle Group Inc. (NASDAQ:CG) by 11.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,553 shares of the financial services provider’s stock after acquiring an additional 900 shares during the quarter. Moors & Cabot Inc.’s holdings in The Carlyle Group were worth $368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tobam bought a new position in shares of The Carlyle Group during the 2nd quarter valued at $27,000. Blue Trust Inc. increased its holdings in shares of 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 buying an additional 643 shares during the period. 1832 Asset Management L.P. purchased a new stake in The Carlyle Group during the 1st quarter valued at about $55,000. Rothschild Investment LLC bought a new position in The Carlyle Group during the 2nd quarter worth approximately $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

Shares of CG opened at $53.65 on Friday. The Carlyle Group Inc. has a 52 week low of $32.09 and a 52 week high of $54.52. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The stock has a market cap of $19.19 billion, a P/E ratio of 185.00, a P/E/G ratio of 1.39 and a beta of 1.70. The business’s 50 day moving average price is $48.30 and its 200-day moving average price is $44.02.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The firm had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. Equities research analysts anticipate that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Monday, November 18th. The Carlyle Group’s dividend payout ratio is currently 482.76%.

Wall Street Analyst Weigh In

Several research analysts recently commented on CG shares. Redburn Atlantic initiated coverage on shares of The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price on the stock. Wells Fargo & Company increased their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a report on Friday. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price objective on shares of The Carlyle Group in a research report on Wednesday, October 9th. Finally, Barclays upped their target price on The Carlyle Group from $50.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, The Carlyle Group has an average rating of “Hold” and a consensus target price of $53.33.

Insider Activity at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the sale, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the transaction, the insider now directly owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This represents a 20.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,171,556 shares of company stock valued at $29,222,475 over the last ninety days. Insiders own 27.20% of the company’s stock.

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.