Sargent Investment Group LLC Has $12.59 Million Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Sargent Investment Group LLC trimmed its stake in The Carlyle Group Inc. (NASDAQ:CG) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 309,455 shares of the financial services provider’s stock after selling 1,440 shares during the quarter. The Carlyle Group comprises about 2.8% of Sargent Investment Group LLC’s holdings, making the stock its 8th biggest position. Sargent Investment Group LLC owned 0.09% of The Carlyle Group worth $12,592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CG. Principle Wealth Partners LLC boosted its holdings in The Carlyle Group by 14.2% during the fourth quarter. Principle Wealth Partners LLC now owns 8,031 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 1,000 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in The Carlyle Group by 8.9% during the fourth quarter. Russell Investments Group Ltd. now owns 614,131 shares of the financial services provider’s stock worth $24,991,000 after purchasing an additional 49,988 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in The Carlyle Group by 22.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 18,620 shares of the financial services provider’s stock worth $758,000 after purchasing an additional 3,436 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in The Carlyle Group by 4.4% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,175 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 385 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in The Carlyle Group by 4.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 18,385 shares of the financial services provider’s stock worth $748,000 after acquiring an additional 810 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CG has been the topic of several recent analyst reports. Barclays increased their target price on shares of The Carlyle Group from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Morgan Stanley increased their target price on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Citigroup increased their target price on shares of The Carlyle Group from $41.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. TD Cowen began coverage on shares of The Carlyle Group in a report on Thursday, January 4th. They set a “market perform” rating and a $42.00 target price on the stock. Finally, UBS Group increased their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.07.

The Carlyle Group Stock Performance

Shares of CG stock traded up $0.49 during trading hours on Friday, reaching $46.11. The company had a trading volume of 788,959 shares, compared to its average volume of 1,841,456. The business has a fifty day moving average price of $45.94 and a 200-day moving average price of $39.64. The Carlyle Group Inc. has a one year low of $25.20 and a one year high of $48.52. The firm has a market cap of $16.70 billion, a PE ratio of -27.28, a price-to-earnings-growth ratio of 0.98 and a beta of 1.79. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. The firm had revenue of $896.40 million during the quarter, compared to analyst estimates of $860.68 million. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The business’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.01 earnings per share. Sell-side analysts predict that The Carlyle Group Inc. will post 3.97 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were given a dividend of $0.35 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 annualized dividend and a yield of 3.04%. The Carlyle Group’s dividend payout ratio (DPR) is -82.84%.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the stock in a transaction on Thursday, February 8th. The shares were acquired at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the completion of the acquisition, the insider now directly owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 27.00% of the company’s stock.

The Carlyle Group 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.