Tidal Investments LLC Invests $212,000 in The Carlyle Group Inc. (NASDAQ:CG)

Tidal Investments LLC purchased a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) during the third quarter, Holdings Channel reports. The firm purchased 4,913 shares of the financial services provider’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp increased its stake in The Carlyle Group by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider’s stock worth $109,524,000 after buying an additional 55,662 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of The Carlyle Group by 25.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 91,137 shares of the financial services provider’s stock valued at $3,659,000 after buying an additional 18,614 shares during the last quarter. Tobam purchased a new position in shares of The Carlyle Group in the second quarter worth about $27,000. Jaffetilchin Investment Partners LLC grew its stake in The Carlyle Group by 18.1% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 5,516 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 844 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in The Carlyle Group in the 2nd quarter valued at about $50,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the sale, the insider now owns 3,643,231 shares of the company’s stock, valued at approximately $7,796,514.34. This represents a 20.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,171,556 shares of company stock valued at $29,222,475. 27.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on CG. Oppenheimer boosted their price objective on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. TD Cowen upped their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, December 8th. JPMorgan Chase & Co. raised their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Evercore ISI boosted their price objective on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, The Carlyle Group presently has an average rating of “Hold” and an average price target of $54.00.

The Carlyle Group Stock Up 2.1 %

CG stock opened at $51.18 on Thursday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $55.11. The firm has a market capitalization of $18.31 billion, a price-to-earnings ratio of 176.48, a PEG ratio of 1.45 and a beta of 1.69. The company’s 50 day moving average price is $51.68 and its 200 day moving average price is $45.52.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same period in the prior year, the firm posted $0.87 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities research analysts anticipate that The Carlyle Group Inc. will post 3.77 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.35 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.74%. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

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.