Sheaff Brock Investment Advisors LLC Purchases Shares of 4,276 The Carlyle Group Inc. (NASDAQ:CG)

Sheaff Brock Investment Advisors LLC bought a new stake in shares of The Carlyle Group Inc. (NASDAQ:CGGet Rating) during the 1st quarter, HoldingsChannel.com reports. The firm bought 4,276 shares of the financial services provider’s stock, valued at approximately $209,000.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in The Carlyle Group by 12.0% in the fourth quarter. State Street Corp now owns 3,992,265 shares of the financial services provider’s stock worth $219,175,000 after purchasing an additional 428,537 shares in the last quarter. Bank of America Corp DE raised its position in The Carlyle Group by 17.5% in the fourth quarter. Bank of America Corp DE now owns 2,001,252 shares of the financial services provider’s stock worth $109,868,000 after purchasing an additional 298,147 shares in the last quarter. First Republic Investment Management Inc. raised its position in The Carlyle Group by 1.2% in the fourth quarter. First Republic Investment Management Inc. now owns 1,701,008 shares of the financial services provider’s stock worth $93,385,000 after purchasing an additional 20,632 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of The Carlyle Group by 10,648.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,590,270 shares of the financial services provider’s stock worth $74,297,000 after buying an additional 1,575,474 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of The Carlyle Group by 15.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,185,348 shares of the financial services provider’s stock worth $65,075,000 after buying an additional 160,297 shares in the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Price Performance

Shares of CG stock opened at $37.96 on Friday. The Carlyle Group Inc. has a 52-week low of $30.01 and a 52-week high of $60.62. The stock has a market cap of $13.72 billion, a PE ratio of 6.94, a PEG ratio of 0.40 and a beta of 1.63. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.63 and a current ratio of 2.63. The firm’s 50 day moving average price is $34.83 and its two-hundred day moving average price is $40.78.

The Carlyle Group (NASDAQ:CGGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The financial services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.06. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. The Carlyle Group had a net margin of 31.86% and a return on equity of 40.15%. As a group, analysts forecast that The Carlyle Group Inc. will post 4.09 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 16th. Stockholders of record on Tuesday, August 9th will be given a dividend of $0.325 per share. The ex-dividend date is Monday, August 8th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 3.42%. The Carlyle Group’s dividend payout ratio is 23.77%.

Insider Transactions at The Carlyle Group

In other news, Director David M. Rubenstein sold 2,000,000 shares of The Carlyle Group stock in a transaction on Monday, June 6th. The shares were sold at an average price of $38.67, for a total transaction of $77,340,000.00. Following the transaction, the director now directly owns 29,249,644 shares of the company’s stock, valued at $1,131,083,733.48. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Curtis L. Buser sold 38,890 shares of the firm’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $37.85, for a total transaction of $1,471,986.50. Following the sale, the chief financial officer now directly owns 1,094,484 shares in the company, valued at $41,426,219.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David M. Rubenstein sold 2,000,000 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $38.67, for a total transaction of $77,340,000.00. Following the sale, the director now owns 29,249,644 shares in the company, valued at $1,131,083,733.48. The disclosure for this sale can be found here. Insiders have sold a total of 2,110,307 shares of company stock valued at $81,621,609 over the last three months. 29.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on CG shares. Evercore ISI raised shares of The Carlyle Group from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $38.00 to $45.00 in a report on Friday, July 29th. Morgan Stanley increased their price target on shares of The Carlyle Group from $39.00 to $41.00 and gave the company an “equal weight” rating in a research note on Tuesday. JMP Securities assumed coverage on shares of The Carlyle Group in a research note on Wednesday, June 8th. They set an “outperform” rating and a $60.00 price target on the stock. BMO Capital Markets decreased their price target on shares of The Carlyle Group from $69.00 to $60.00 in a research note on Friday, April 29th. Finally, StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $54.09.

The Carlyle Group Company Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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