Bleakley Financial Group LLC Lowers Stake in The Carlyle Group Inc. (NASDAQ:CG)

Bleakley Financial Group LLC lowered its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 24.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,343 shares of the financial services provider’s stock after selling 13,423 shares during the quarter. Bleakley Financial Group LLC’s holdings in The Carlyle Group were worth $1,986,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SYSTM Wealth Solutions LLC purchased a new stake in shares of The Carlyle Group during the 1st quarter valued at $34,000. Global Retirement Partners LLC raised 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 period. CVA Family Office LLC purchased a new position in The Carlyle Group in the 4th quarter worth $35,000. GAMMA Investing LLC purchased a new position in The Carlyle Group in the 4th quarter worth $38,000. Finally, Compass Wealth Management LLC purchased a new position in The Carlyle Group in the 1st quarter worth $57,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Price Performance

NASDAQ:CG opened at $45.47 on Thursday. The firm’s 50-day moving average price is $41.78 and its 200-day moving average price is $43.06. 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 1-year low of $27.13 and a 1-year high of $48.52.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company’s revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 EPS. On average, sell-side analysts anticipate that The Carlyle Group Inc. will post 3.89 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date was Monday, May 13th. The Carlyle Group’s payout ratio is -78.21%.

Analysts Set New Price Targets

CG has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $48.00 target price (down previously from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. The Goldman Sachs Group decreased their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. UBS Group cut their target price on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. TD Cowen dropped their price objective on The Carlyle Group from $45.00 to $41.00 and set a “hold” rating for the company in a report on Monday, July 8th. Finally, Oppenheimer reduced their target price on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $44.93.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 64,263 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $40.23, for a total value of $2,585,300.49. Following the transaction, the insider now owns 12,395,920 shares in the company, valued at approximately $498,687,861.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 983,601 shares of company stock worth $33,217,310 in the last quarter. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Company 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.