Quantbot Technologies LP Has $3.04 Million Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Quantbot Technologies LP reduced its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 54.5% during the third quarter, Holdings Channel reports. The institutional investor owned 70,564 shares of the financial services provider’s stock after selling 84,625 shares during the period. Quantbot Technologies LP’s holdings in The Carlyle Group were worth $3,038,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tobam bought a new stake in The Carlyle Group during the 2nd quarter worth approximately $27,000. Blue Trust Inc. increased its holdings in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 643 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of The Carlyle Group in the second quarter valued at approximately $50,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of The Carlyle Group in the second quarter valued at approximately $126,000. 55.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Carlyle Group Inc. sold 92,905 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $2.27, for a total value of $210,894.35. Following the sale, the insider now owns 3,155,461 shares in the company, valued at $7,162,896.47. The trade was a 2.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,171,556 shares of company stock worth $29,222,475. Corporate insiders own 27.20% of the company’s stock.

Analysts Set New Price Targets

CG has been the subject of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft reduced their target price 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. Redburn Atlantic began coverage on The Carlyle Group in a report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective for the company. Evercore ISI increased their price objective on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Finally, Wells Fargo & Company increased their price objective on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $53.33.

The Carlyle Group Trading Down 1.5 %

Shares of CG stock opened at $52.70 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 52-week low of $34.10 and a 52-week high of $55.11. The company has a market capitalization of $18.85 billion, a PE ratio of 181.72, a price-to-earnings-growth ratio of 1.44 and a beta of 1.70. The business’s fifty day moving average is $48.80 and its 200 day moving average is $44.20.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same quarter last year, the business posted $0.87 earnings per share. The firm’s 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 firm also recently disclosed 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 dividend yield of 2.66%. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

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.