Stanley Laman Group Ltd. Has $4.04 Million Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Stanley Laman Group Ltd. cut its stake in The Carlyle Group Inc. (NASDAQ:CG) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,336 shares of the financial services provider’s stock after selling 6,134 shares during the period. Stanley Laman Group Ltd.’s holdings in The Carlyle Group were worth $4,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CG. William Blair Investment Management LLC lifted its stake in shares of The Carlyle Group by 65.9% in the 3rd quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock valued at $267,743,000 after purchasing an additional 3,524,794 shares during the period. SeaTown Holdings Pte. Ltd. bought a new position in shares of The Carlyle Group during the 3rd quarter worth approximately $29,949,000. Ariel Investments LLC grew its position in shares of The Carlyle Group by 16.9% during the 3rd quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock worth $191,954,000 after buying an additional 918,114 shares during the period. Wafra Inc. increased its stake in shares of The Carlyle Group by 295.8% in the 3rd quarter. Wafra Inc. now owns 942,083 shares of the financial services provider’s stock valued at $28,413,000 after acquiring an additional 704,036 shares in the last quarter. Finally, Mizuho Markets Americas LLC bought a new position in The Carlyle Group during the third quarter worth $16,678,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were bought at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the acquisition, the insider now owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 27.00% of the stock is owned by insiders.

The Carlyle Group Price Performance

Shares of CG traded down $0.50 during midday trading on Thursday, hitting $45.62. 1,460,159 shares of the company traded hands, compared to its average volume of 2,269,090. The stock has a 50-day moving average of $45.91 and a 200-day moving average of $39.46. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.27 and a quick ratio of 2.27. 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 $16.52 billion, a P/E ratio of -26.99, a PEG ratio of 0.99 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.08. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The firm had revenue of $896.40 million for the quarter, compared to analysts’ expectations of $860.68 million. During the same quarter in the prior year, the firm posted $1.01 earnings per share. The business’s quarterly revenue was down 15.4% on a year-over-year basis. As a group, sell-side analysts predict that The Carlyle Group Inc. will post 3.95 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were given a $0.35 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.40 annualized dividend and a yield of 3.07%. The Carlyle Group’s dividend payout ratio (DPR) is presently -82.84%.

Analyst Upgrades and Downgrades

CG has been the subject of a number of research reports. UBS Group raised their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Morgan Stanley raised their price objective on shares of The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Citigroup boosted their target price on shares of The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. TD Cowen initiated coverage on shares of The Carlyle Group in a research report on Thursday, January 4th. They issued a “market perform” rating and a $42.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price objective on The Carlyle Group from $39.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $43.07.

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.