Toronto Dominion Bank Decreases Stake in The Carlyle Group Inc. (NASDAQ:CG)

Toronto Dominion Bank decreased its position in The Carlyle Group Inc. (NASDAQ:CG) by 12.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,629 shares of the financial services provider’s stock after selling 7,241 shares during the quarter. Toronto Dominion Bank’s holdings in The Carlyle Group were worth $2,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. bought a new stake in The Carlyle Group during the fourth quarter worth approximately $1,324,000. State of Alaska Department of Revenue purchased a new position in The Carlyle Group during the fourth quarter worth $951,000. Fifth Third Bancorp increased its position in The Carlyle Group by 25.6% during the fourth quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock valued at $89,000 after acquiring an additional 446 shares during the last quarter. Regatta Capital Group LLC bought a new stake in shares of The Carlyle Group in the 4th quarter worth about $209,000. Finally, New Mexico Educational Retirement Board purchased a new position in shares of The Carlyle Group in the 4th quarter worth approximately $1,774,000. 55.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 64,263 shares of The Carlyle Group stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $40.23, for a total transaction of $2,585,300.49. Following the transaction, the insider now directly owns 12,395,920 shares of the company’s stock, valued at $498,687,861.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 1,468,847 shares of company stock valued at $51,024,340 in the last three months. 27.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on CG shares. Jefferies Financial Group lowered their price target on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, May 9th. The Goldman Sachs Group decreased their price target on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $48.00 target price (down from $50.00) on shares of The Carlyle Group in a research report on Thursday, May 2nd. UBS Group dropped their price target on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, TD Cowen decreased their target price on The Carlyle Group from $45.00 to $41.00 and set a “hold” rating for the company in a report on Monday, July 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and a consensus price target of $45.20.

The Carlyle Group Price Performance

NASDAQ:CG opened at $47.20 on Friday. The stock has a 50 day moving average of $42.27 and a two-hundred day moving average of $43.38. The Carlyle Group Inc. has a 12 month low of $27.13 and a 12 month high of $48.52. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.63 earnings per share. Analysts expect that The Carlyle Group Inc. will post 3.89 EPS for the current fiscal year.

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.