Sanctuary Advisors LLC Sells 3,788 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Sanctuary Advisors LLC decreased its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 10.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,360 shares of the financial services provider’s stock after selling 3,788 shares during the period. Sanctuary Advisors LLC’s holdings in The Carlyle Group were worth $1,436,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tobam acquired a new stake in The Carlyle Group during the second quarter worth approximately $27,000. Blue Trust Inc. increased its position 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 purchasing an additional 643 shares during the period. Brooklyn Investment Group acquired a new position in The Carlyle Group in the third quarter valued at about $33,000. Rothschild Investment LLC acquired a new stake in The Carlyle Group during the second quarter worth about $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of The Carlyle Group by 1,600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,600 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $50.22 on Friday. The stock’s 50 day moving average is $51.52 and its 200 day moving average is $45.26. The Carlyle Group Inc. has a one year low of $36.65 and a one year high of $55.11. The firm has a market cap of $17.96 billion, a P/E ratio of 173.17, a P/E/G ratio of 1.45 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 EPS. As a group, research analysts expect that The Carlyle Group Inc. will post 3.77 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.79%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

Analysts Set New Price Targets

Several brokerages have commented on CG. Redburn Atlantic started coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective for the company. TD Cowen upped their price objective on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods lifted their target price on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. Barclays increased their target price on shares of The Carlyle Group from $57.00 to $59.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Finally, JMP Securities reiterated a “market outperform” rating and set a $60.00 price objective on shares of The Carlyle Group in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $54.00.

Insider Transactions at The Carlyle Group

In other news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Carlyle Group Inc. sold 92,905 shares of The Carlyle Group stock in a transaction on Friday, October 11th. The shares were sold at an average price of $2.27, for a total transaction of $210,894.35. Following the completion of the sale, the insider now directly owns 3,155,461 shares of the company’s stock, valued at approximately $7,162,896.47. The trade was a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,171,556 shares of company stock valued at $29,222,475 in the last quarter. 27.20% of the stock is currently owned by company insiders.

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.