Herbst Group LLC Acquires 1,950 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Herbst Group LLC lifted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,475 shares of the financial services provider’s stock after purchasing an additional 1,950 shares during the period. Herbst Group LLC’s holdings in The Carlyle Group were worth $2,094,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CG. FMR LLC boosted its position in The Carlyle Group by 72.8% during the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after acquiring an additional 1,707,520 shares during the last quarter. Marshall Wace LLP acquired a new position in The Carlyle Group in the second quarter valued at approximately $37,009,000. JPMorgan Chase & Co. grew its position in shares of The Carlyle Group by 68.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after buying an additional 777,304 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of The Carlyle Group by 22.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock valued at $90,740,000 after acquiring an additional 391,553 shares during the period. Finally, Franklin Street Advisors Inc. NC bought a new stake in The Carlyle Group in the fourth quarter valued at $17,671,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the sale, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 27.20% of the stock is owned by corporate insiders.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $55.24 on Friday. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $55.65. 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 $19.76 billion, a price-to-earnings ratio of 190.48, a PEG ratio of 1.05 and a beta of 1.69. The business has a 50-day simple moving average of $52.02 and a 200 day simple moving average of $46.94.

The Carlyle Group (NASDAQ:CG) last released its earnings results 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 business had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. On average, research analysts forecast that The Carlyle Group Inc. will post 3.8 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

Analyst Upgrades and Downgrades

CG has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. JMP Securities restated a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a report on Wednesday, October 9th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Friday, January 3rd. Finally, Wells Fargo & Company upped their target price on The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $54.44.

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.