Sanctuary Advisors LLC Acquires Shares of 37,148 The Carlyle Group Inc. (NASDAQ:CG)

Sanctuary Advisors LLC acquired a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) in the second quarter, Holdings Channel reports. The firm acquired 37,148 shares of the financial services provider’s stock, valued at approximately $1,491,000.

Other large investors have also added to or reduced their stakes in the company. Tobam purchased a new position in The Carlyle Group during the second quarter valued at $27,000. Blue Trust Inc. raised its stake in shares of The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 643 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of The Carlyle Group in the second quarter worth $50,000. GAMMA Investing LLC raised its stake in shares of The Carlyle Group by 22.8% in the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 215 shares during the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in shares of The Carlyle Group in the first quarter worth $55,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Transactions at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 93,187 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $31.70, for a total transaction of $2,954,027.90. Following the completion of the transaction, the insider now directly owns 10,894,562 shares of the company’s stock, valued at approximately $345,357,615.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 1,562,041 shares of company stock valued at $54,624,756 over the last 90 days. Company insiders own 27.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CG. Deutsche Bank Aktiengesellschaft decreased their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. UBS Group decreased their price target on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Oppenheimer reduced their price objective on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a research report on Tuesday, August 6th. TD Cowen upped their price objective on The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Finally, JMP Securities reiterated a “market outperform” rating and set a $60.00 price objective on shares of The Carlyle Group in a research report on Wednesday. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $47.67.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $46.63 on Thursday. The stock has a 50-day simple moving average of $41.39 and a two-hundred day simple moving average of $42.81. The Carlyle Group Inc. has a 52-week low of $27.13 and a 52-week high of $50.92. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.55 and a current ratio of 2.55. The firm has a market capitalization of $16.78 billion, a PE ratio of -26.05, a P/E/G ratio of 1.30 and a beta of 1.73.

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 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 positive return on equity of 24.30% and a negative net margin of 11.67%. The business’s revenue was up 131.5% on a year-over-year basis. During the same period last year, the company earned $0.88 EPS. Analysts forecast that The Carlyle Group Inc. will post 3.76 EPS for the current year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s dividend payout ratio (DPR) 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.