Hilltop Holdings Inc. Grows Position in The Carlyle Group Inc. (NASDAQ:CG)

Hilltop Holdings Inc. raised its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 71.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 42,171 shares of the financial services provider’s stock after acquiring an additional 17,544 shares during the period. Hilltop Holdings Inc.’s holdings in The Carlyle Group were worth $1,816,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its holdings in The Carlyle Group by 72.8% in the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after acquiring an additional 1,707,520 shares during the period. Massachusetts Financial Services Co. MA grew its position in The Carlyle Group by 17,468.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock valued at $68,887,000 after buying an additional 1,705,982 shares during the period. Marshall Wace LLP purchased a new stake in The Carlyle Group during the second quarter valued at approximately $37,009,000. National Bank of Canada FI boosted its stake in shares of The Carlyle Group by 89.3% during the 2nd quarter. National Bank of Canada FI now owns 764,765 shares of the financial services provider’s stock worth $30,269,000 after acquiring an additional 360,729 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of The Carlyle Group by 182.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock worth $15,551,000 after purchasing an additional 250,021 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Stock Performance

CG stock opened at $52.48 on Wednesday. The firm has a market cap of $18.77 billion, a price-to-earnings ratio of 180.97, a PEG ratio of 1.39 and a beta of 1.69. The Carlyle Group Inc. has a twelve month low of $34.72 and a twelve month high of $55.11. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The business’s fifty day simple moving average is $49.55 and its two-hundred day simple moving average is $44.48.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same period in the prior year, the firm earned $0.87 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. Analysts predict that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.67%. The Carlyle Group’s payout ratio is currently 482.76%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft reduced their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Oppenheimer raised their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Wells Fargo & Company increased their price target on The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Morgan Stanley boosted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price target on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, The Carlyle Group has an average rating of “Hold” and an average price target of $53.33.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 133,643 shares of The Carlyle Group stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $2.51, for a total value of $335,443.93. Following the transaction, the insider now owns 4,767,697 shares of the company’s stock, valued at $11,966,919.47. The trade was a 2.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,171,556 shares of company stock valued at $29,222,475. Company insiders own 27.20% of the company’s stock.

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.