Wealth Enhancement Advisory Services LLC Sells 836 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Wealth Enhancement Advisory Services LLC lessened its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 11.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,377 shares of the financial services provider’s stock after selling 836 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in The Carlyle Group were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CG. LGT Capital Partners LTD. boosted its stake in The Carlyle Group by 18.0% in the 2nd quarter. LGT Capital Partners LTD. now owns 970,000 shares of the financial services provider’s stock valued at $38,946,000 after purchasing an additional 148,000 shares during the period. Wesbanco Bank Inc. bought a new stake in shares of The Carlyle Group in the second quarter valued at about $5,047,000. CWM LLC increased its position in The Carlyle Group by 12.3% during the second quarter. CWM LLC now owns 3,746 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 410 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in The Carlyle Group in the 2nd quarter worth about $161,000. Finally, GAMMA Investing LLC grew its position in shares of The Carlyle Group by 288.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,488 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 3,332 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 214,732 shares of The Carlyle Group stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $38.97, for a total value of $8,368,106.04. Following the transaction, the insider now directly owns 10,113,040 shares of the company’s stock, valued at $394,105,168.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 2,261,559 shares of company stock worth $82,700,460 over the last three months. Company insiders own 27.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. UBS Group cut their target price on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Barclays decreased their price target on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. The Goldman Sachs Group cut their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. cut shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $46.00 to $44.00 in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $45.43.

The Carlyle Group Trading Down 1.1 %

NASDAQ CG opened at $39.81 on Tuesday. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92. The business’s fifty day moving average is $42.19 and its 200 day moving average is $43.64. 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 company has a market cap of $14.33 billion, a price-to-earnings ratio of -22.24, a price-to-earnings-growth ratio of 1.38 and a beta of 1.75.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. During the same period in the prior year, the company earned $0.88 EPS. The business’s quarterly revenue was up 131.5% compared to the same quarter last year. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 3.87 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 16th were paid a $0.35 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.52%. The Carlyle Group’s dividend payout ratio is -78.21%.

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.