Public Sector Pension Investment Board Has $1.24 Million Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Public Sector Pension Investment Board raised its stake in The Carlyle Group Inc. (NASDAQ:CG) by 6.0% in the second quarter, Holdings Channel reports. The firm owned 30,772 shares of the financial services provider’s stock after acquiring an additional 1,735 shares during the quarter. Public Sector Pension Investment Board’s holdings in The Carlyle Group were worth $1,235,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CG. Vanguard Group Inc. raised its holdings in shares of The Carlyle Group by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after purchasing an additional 1,756,189 shares during the period. Capital World Investors raised its stake in The Carlyle Group by 0.4% in the first quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock valued at $940,687,000 after buying an additional 79,681 shares during the period. William Blair Investment Management LLC lifted its position in shares of The Carlyle Group by 6.5% in the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock valued at $554,448,000 after buying an additional 721,608 shares during the last quarter. Capital International Investors acquired a new position in shares of The Carlyle Group during the 1st quarter worth approximately $142,511,000. Finally, Bank of New York Mellon Corp raised its stake in The Carlyle Group by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider’s stock valued at $109,524,000 after acquiring an additional 55,662 shares during the period. Institutional investors own 55.88% of the company’s stock.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 214,732 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 10,113,040 shares in the company, valued at $394,105,168.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 1,563,500 shares of company stock valued at $58,426,307 in the last 90 days. 27.20% of the stock is owned by corporate insiders.

The Carlyle Group Stock Performance

NASDAQ CG opened at $43.20 on Wednesday. The Carlyle Group Inc. has a 1 year low of $27.13 and a 1 year high of $50.92. The firm has a market capitalization of $15.55 billion, a price-to-earnings ratio of -24.13, a P/E/G ratio of 1.30 and a beta of 1.73. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75. The firm’s 50 day simple moving average is $41.57 and its 200 day simple moving average is $42.80.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The business’s revenue was up 131.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 EPS. As a group, research analysts expect that The Carlyle Group Inc. will post 3.76 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.24%. The Carlyle Group’s dividend payout ratio (DPR) is presently -78.21%.

Analyst Ratings Changes

CG has been the topic of several research reports. Wells Fargo & Company started coverage on shares of The Carlyle Group in a report on Thursday, September 12th. They issued an “equal weight” rating and a $42.00 price objective on the stock. Barclays lowered their price target on shares of The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a report on Tuesday, August 6th. Keefe, Bruyette & Woods decreased their target price on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft dropped their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. cut The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock 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, ten have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.81.

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.