Holocene Advisors LP Purchases 64,613 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Holocene Advisors LP raised its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 17.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 432,585 shares of the financial services provider’s stock after acquiring an additional 64,613 shares during the period. Holocene Advisors LP’s holdings in The Carlyle Group were worth $18,627,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in shares of The Carlyle Group by 292.1% during the 1st quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock worth $1,574,000 after acquiring an additional 25,002 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of The Carlyle Group by 182.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock valued at $15,551,000 after buying an additional 250,021 shares in the last quarter. SMH Capital Advisors Inc. purchased a new stake in The Carlyle Group in the second quarter worth approximately $636,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in The Carlyle Group by 25.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 91,137 shares of the financial services provider’s stock valued at $3,659,000 after acquiring an additional 18,614 shares during the last quarter. Finally, Cetera Advisors LLC bought a new stake in shares of The Carlyle Group in the 1st quarter worth approximately $773,000. 55.88% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 133,643 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $2.51, for a total transaction of $335,443.93. Following the transaction, the insider now directly owns 4,767,697 shares of the company’s stock, valued at $11,966,919.47. This represents a 2.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction on Tuesday, November 12th. The stock was 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 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. Insiders have sold a total of 2,171,556 shares of company stock valued at $29,222,475 over the last ninety days. 27.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CG. TD Cowen lifted their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com raised shares of The Carlyle Group from a “sell” rating to a “hold” rating in a report on Saturday. Evercore ISI lifted 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. Finally, Barclays lifted their target price on shares of The Carlyle Group from $50.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $53.33.

The Carlyle Group Trading Down 0.8 %

NASDAQ CG opened at $52.78 on Tuesday. The stock’s fifty day moving average price is $49.36 and its 200-day moving average price is $44.41. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The stock has a market cap of $18.88 billion, a P/E ratio of 182.00, a P/E/G ratio of 1.41 and a beta of 1.70. The Carlyle Group Inc. has a 12 month low of $34.72 and a 12 month high of $55.11.

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

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group’s payout ratio is 482.76%.

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.