Texas Yale Capital Corp. Acquires 11,310 Shares of Carlyle Group Inc. $CG

Texas Yale Capital Corp. grew its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 11.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,009 shares of the financial services provider’s stock after acquiring an additional 11,310 shares during the period. Texas Yale Capital Corp.’s holdings in Carlyle Group were worth $6,772,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP lifted its holdings in Carlyle Group by 150.3% during the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 299 shares in the last quarter. WFA of San Diego LLC purchased a new stake in shares of Carlyle Group in the second quarter worth about $26,000. Geneos Wealth Management Inc. grew its stake in Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares in the last quarter. Motco bought a new stake in Carlyle Group during the 3rd quarter worth approximately $40,000. Finally, Root Financial Partners LLC bought a new position in Carlyle Group in the 3rd quarter valued at $44,000. 55.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CG shares. TD Cowen reiterated a “buy” rating on shares of Carlyle Group in a research report on Wednesday, January 14th. Citigroup lowered their price target on Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. JPMorgan Chase & Co. boosted their price objective on Carlyle Group from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. UBS Group lifted their target price on shares of Carlyle Group from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, January 11th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Carlyle Group presently has an average rating of “Hold” and a consensus target price of $68.08.

Carlyle Group Stock Performance

NASDAQ:CG opened at $54.49 on Monday. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $69.85. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.49 and a quick ratio of 2.49. The business has a 50 day moving average of $60.52 and a 200 day moving average of $60.09. The company has a market capitalization of $19.64 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 1.06 and a beta of 2.05.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Friday, February 6th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.03). Carlyle Group had a return on equity of 23.98% and a net margin of 16.92%.The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the business posted $0.92 earnings per share. The company’s revenue was up 84.1% compared to the same quarter last year. On average, sell-side analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Monday, February 16th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, February 13th. Carlyle Group’s dividend payout ratio (DPR) is 64.22%.

Insider Buying and Selling at Carlyle Group

In related news, Director David M. Rubenstein sold 625,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the transaction, the director directly owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This trade represents a 2.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 26.30% of the company’s stock.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.