Whalen Wealth Management Inc. Makes New $719,000 Investment in The Carlyle Group Inc. (NASDAQ:CG)

Whalen Wealth Management Inc. purchased a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,704 shares of the financial services provider’s stock, valued at approximately $719,000.

A number of other hedge funds have also recently modified their holdings of CG. Tobam purchased a new stake in The Carlyle Group in the second quarter valued at $27,000. Blue Trust Inc. lifted its position 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 buying an additional 643 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of The Carlyle Group in the 2nd quarter valued at approximately $50,000. 1832 Asset Management L.P. acquired a new stake in The Carlyle Group in the 1st quarter valued at approximately $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of 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 buying an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CG. Redburn Atlantic started coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price objective for the company. Evercore ISI upped their price objective on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Wells Fargo & Company lifted their target price on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. TD Cowen increased their price target on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Finally, UBS Group boosted their price objective on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $53.33.

The Carlyle Group Stock Performance

NASDAQ CG opened at $50.86 on Tuesday. The company has a fifty day moving average of $47.21 and a two-hundred day moving average of $43.74. 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 Carlyle Group Inc. has a 1 year low of $31.21 and a 1 year high of $54.52. The company has a market capitalization of $18.19 billion, a PE ratio of 175.38, a P/E/G ratio of 1.33 and a beta of 1.70.

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

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

Insiders Place Their Bets

In other news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction dated 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 transaction, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the sale, the insider now directly owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This represents a 20.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,171,556 shares of company stock valued at $29,222,475. 27.20% of the stock is owned by company insiders.

The Carlyle Group Company 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.