Brooklyn Investment Group Acquires Shares of 776 The Carlyle Group Inc. (NASDAQ:CG)

Brooklyn Investment Group bought a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) in the third quarter, HoldingsChannel reports. The institutional investor bought 776 shares of the financial services provider’s stock, valued at approximately $33,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tobam bought a new stake in shares of The Carlyle Group during the second quarter worth $27,000. Blue Trust Inc. increased its holdings in The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 643 shares during the last quarter. Rothschild Investment LLC bought a new stake in The Carlyle Group in the second quarter valued at about $50,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in The Carlyle Group in the second quarter valued at about $126,000. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Up 1.0 %

CG stock opened at $53.23 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a market capitalization of $19.04 billion, a P/E ratio of 183.55, a P/E/G ratio of 1.39 and a beta of 1.70. The business has a 50-day moving average of $49.17 and a 200-day moving average of $44.31. The Carlyle Group Inc. has a fifty-two week low of $34.13 and a fifty-two week high of $55.11.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same period in the prior year, the firm earned $0.87 earnings per share. The Carlyle Group’s revenue for the quarter was up 15.2% compared to the same quarter last year. On average, sell-side analysts anticipate that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.63%. The Carlyle Group’s payout ratio is presently 482.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Barclays upped their price objective on The Carlyle Group from $50.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods boosted their target price on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th. Oppenheimer boosted their target price on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, UBS Group boosted their target price on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $53.33.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 133,643 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $2.51, for a total value of $335,443.93. Following the sale, the insider now owns 4,767,697 shares in the company, valued at $11,966,919.47. This represents a 2.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the sale, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,171,556 shares of company stock worth $29,222,475. Corporate insiders own 27.20% 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.