24,662 Carlyle Group Inc. $CG Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 38.4% during the third quarter, Holdings Channel.com reports. The firm owned 88,951 shares of the financial services provider’s stock after acquiring an additional 24,662 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Carlyle Group were worth $3,600,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. GFG Capital LLC lifted its holdings in Carlyle Group by 15.6% during the 3rd quarter. GFG Capital LLC now owns 60,036 shares of the financial services provider’s stock worth $2,381,000 after buying an additional 8,094 shares during the period. Retirement Planning Co of New England Inc. grew its position in shares of Carlyle Group by 2.9% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 11,287 shares of the financial services provider’s stock valued at $448,000 after buying an additional 316 shares during the last quarter. Krilogy Financial LLC increased its stake in shares of Carlyle Group by 47.4% in the third quarter. Krilogy Financial LLC now owns 8,400 shares of the financial services provider’s stock valued at $321,000 after buying an additional 2,702 shares during the period. Sound Income Strategies LLC increased its stake in shares of Carlyle Group by 1.8% in the third quarter. Sound Income Strategies LLC now owns 129,024 shares of the financial services provider’s stock valued at $4,953,000 after buying an additional 2,290 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Carlyle Group by 10.8% during the third quarter. GAMMA Investing LLC now owns 8,615 shares of the financial services provider’s stock worth $342,000 after acquiring an additional 837 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CG has been the topic of a number of recent analyst reports. TD Cowen cut their price objective on Carlyle Group from $54.00 to $42.00 and set a “hold” rating on the stock in a research note on Monday, October 12th. Royal Bank Of Canada decreased their target price on shares of Carlyle Group from $58.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, October 5th. Citizens Jmp raised their price target on shares of Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a report on Thursday, August 6th. Piper Sandler dropped their price target on shares of Carlyle Group from $54.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Barclays reduced their price objective on shares of Carlyle Group from $64.00 to $53.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $54.60.

Insiders Place Their Bets

In other Carlyle Group news, Director David Rubenstein sold 400,000 shares of Carlyle Group stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $42.74, for a total value of $17,096,000.00. Following the completion of the sale, the director directly owned 26,899,644 shares in the company, valued at approximately $1,149,690,784.56. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 25.40% of the company’s stock.

Carlyle Group Stock Performance

Shares of Carlyle Group stock opened at $37.31 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91. The business has a 50-day moving average price of $43.03 and a two-hundred day moving average price of $45.24. Carlyle Group Inc. has a 1-year low of $35.41 and a 1-year high of $67.30. The company has a market cap of $13.29 billion, a P/E ratio of 38.86, a PEG ratio of 1.07 and a beta of 1.88.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.16. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. The business’s quarterly revenue was down 28.6% on a year-over-year basis. During the same period last year, the company posted $0.87 EPS. As a group, analysts anticipate that Carlyle Group Inc. will post 3.56 EPS for the current year.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 annualized dividend and a yield of 3.8%. Carlyle Group’s dividend payout ratio (DPR) is currently 145.83%.

Carlyle Group Company Profile

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.