The Carlyle Group Inc. (NASDAQ:CG) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 297.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 159,596 shares of the financial services provider’s stock after purchasing an additional 119,402 shares during the quarter. Edgestream Partners L.P.’s holdings in The Carlyle Group were worth $6,408,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Tobam bought a new stake in shares of The Carlyle Group during the 2nd quarter worth about $27,000. SYSTM Wealth Solutions LLC acquired a new stake in The Carlyle Group in the first quarter worth approximately $34,000. Blue Trust Inc. increased its position in shares of The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 643 shares during the period. GAMMA Investing LLC raised its stake in shares of The Carlyle Group by 22.8% in the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after buying an additional 215 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new position in The Carlyle Group during the first quarter valued at about $55,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Transactions at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 24,390 shares of The Carlyle Group stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $30.09, for a total value of $733,895.10. Following the completion of the transaction, the insider now directly owns 11,141,580 shares of the company’s stock, valued at $335,250,142.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 1,969,673 shares of company stock valued at $71,897,412 in the last three months. 27.20% of the stock is owned by corporate insiders.

The Carlyle Group Stock Up 2.6 %

Shares of CG opened at $41.08 on Tuesday. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $50.92. The firm has a market capitalization of $14.78 billion, a P/E ratio of -22.95, a P/E/G ratio of 1.13 and a beta of 1.73. The company has a 50-day simple moving average of $41.87 and a 200-day simple moving average of $43.05. 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 Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results 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 11.67% and a positive return on equity of 24.30%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. During the same period last year, the firm earned $0.88 EPS. The company’s quarterly revenue was up 131.5% compared to the same quarter last year. On average, equities research analysts expect that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

The Carlyle Group Announces Dividend

The company also recently disclosed 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. This represents a $1.40 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s payout ratio is -78.21%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Redburn Atlantic began coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective on the stock. TD Cowen upped their target price on The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company began coverage on shares of The Carlyle Group in a research report on Thursday, September 12th. They set an “equal weight” rating and a $42.00 price objective on the stock. Finally, UBS Group decreased their target price on shares of 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. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.