Cinctive Capital Management LP Takes $2.94 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

Cinctive Capital Management LP bought a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) during the 3rd quarter, Holdings Channel reports. The firm bought 68,221 shares of the financial services provider’s stock, valued at approximately $2,938,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. increased its position in shares of The Carlyle Group by 2,584.2% in the third quarter. Benjamin Edwards Inc. now owns 18,011 shares of the financial services provider’s stock valued at $775,000 after buying an additional 17,340 shares in the last quarter. Paloma Partners Management Co purchased a new position in The Carlyle Group during the 3rd quarter valued at about $562,000. Verition Fund Management LLC purchased a new stake in shares of The Carlyle Group in the third quarter valued at about $316,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of The Carlyle Group by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,206 shares of the financial services provider’s stock valued at $60,508,000 after purchasing an additional 36,549 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of The Carlyle Group by 3.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 94,460 shares of the financial services provider’s stock worth $4,067,000 after purchasing an additional 3,323 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the sale, the director now directly owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the transaction, the insider now owns 3,643,231 shares in the company, valued at $7,796,514.34. This represents a 20.24 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 2,171,556 shares of company stock worth $29,222,475. Corporate insiders own 27.20% of the company’s stock.

Analyst Upgrades and Downgrades

CG has been the topic of a number of analyst reports. Oppenheimer increased their target price on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their price objective on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Barclays boosted their target price on shares of The Carlyle Group from $50.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. UBS Group lifted their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley upped their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $53.33.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock opened at $52.78 on Tuesday. The stock has a market capitalization of $18.88 billion, a P/E ratio of 182.00, a PEG ratio of 1.41 and a beta of 1.70. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The business’s fifty day moving average price is $49.36 and its 200 day moving average price is $44.41. The Carlyle Group Inc. has a twelve month low of $34.72 and a twelve month high of $55.11.

The Carlyle Group (NASDAQ:CG) last posted its earnings results 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 firm had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. As a group, research analysts anticipate that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.65%. The Carlyle Group’s dividend payout ratio (DPR) is 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.