Bfsg LLC Has $291,000 Position in The Carlyle Group Inc. (NASDAQ:CG)

Bfsg LLC boosted its stake in The Carlyle Group Inc. (NASDAQ:CG) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,762 shares of the financial services provider’s stock after buying an additional 522 shares during the quarter. Bfsg LLC’s holdings in The Carlyle Group were worth $291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CG. Creative Planning lifted its holdings in shares of The Carlyle Group by 7.4% during the 3rd quarter. Creative Planning now owns 12,787 shares of the financial services provider’s stock valued at $551,000 after buying an additional 882 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in The Carlyle Group by 27.0% in the third quarter. Wesbanco Bank Inc. now owns 159,602 shares of the financial services provider’s stock valued at $6,872,000 after acquiring an additional 33,904 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of The Carlyle Group by 1,600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,600 shares during the last quarter. Tobam raised its holdings in shares of The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 220 shares in the last quarter. Finally, Daymark Wealth Partners LLC acquired a new stake in shares of The Carlyle Group in the 3rd quarter valued at $212,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Trading Up 3.9 %

Shares of The Carlyle Group stock opened at $51.34 on Friday. The company’s fifty day moving average price is $42.26 and its two-hundred day moving average price is $42.93. The firm has a market capitalization of $18.48 billion, a PE ratio of -28.68, a price-to-earnings-growth ratio of 1.25 and a beta of 1.73. The Carlyle Group Inc. has a 52-week low of $27.13 and a 52-week high of $51.40. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick 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 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $808.73 million. During the same quarter in the prior year, the business earned $0.88 EPS. The firm’s revenue for the quarter was up 131.5% on a year-over-year basis. On average, analysts expect that The Carlyle Group Inc. will post 3.76 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders 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 2.73%. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 275,000 shares of The Carlyle Group stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total value of $605,000.00. Following the completion of the transaction, the insider now owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 2,818,699 shares of company stock valued at $48,506,781. 27.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CG has been the subject of a number of analyst reports. Evercore ISI boosted their price target on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research report on Monday. Wells Fargo & Company upped their target price on The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. TD Cowen lifted their price target on shares of The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. lowered shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $46.00 to $44.00 in a research note on Tuesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft decreased 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 report on Thursday, August 15th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $50.27.

About The Carlyle Group

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.