The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC reduced its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,892 shares of the financial services provider’s stock after selling 1,106 shares during the period. Kingswood Wealth Advisors LLC’s holdings in The Carlyle Group were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CG. Thurston Springer Miller Herd & Titak Inc. acquired a new position in The Carlyle Group during the 2nd quarter valued at about $161,000. GAMMA Investing LLC raised its holdings in The Carlyle Group by 288.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,488 shares of the financial services provider’s stock worth $180,000 after buying an additional 3,332 shares during the period. American Trust acquired a new position in The Carlyle Group in the 1st quarter worth approximately $267,000. EverSource Wealth Advisors LLC grew its position in The Carlyle Group by 29.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,696 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 839 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in The Carlyle Group by 28.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 41,760 shares of the financial services provider’s stock valued at $1,967,000 after purchasing an additional 9,273 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

CG stock traded down $1.12 on Wednesday, reaching $38.22. 5,140,389 shares of the company were exchanged, compared to its average volume of 2,296,238. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.53. The Carlyle Group Inc. has a 12 month low of $27.13 and a 12 month high of $50.92. The stock’s fifty day moving average price is $42.47 and its 200 day moving average price is $43.73. The firm has a market capitalization of $13.75 billion, a PE ratio of -21.98, a PEG ratio of 1.38 and a beta of 1.75.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. During the same period last year, the company earned $0.88 EPS. The company’s revenue was up 131.5% on a year-over-year basis. On average, research analysts anticipate that The Carlyle Group Inc. will post 3.87 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Friday, August 16th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, August 16th. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 127,981 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $36.19, for a total transaction of $4,631,632.39. Following the transaction, the insider now owns 12,123,705 shares of the company’s stock, valued at approximately $438,756,883.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold 2,065,207 shares of company stock valued at $74,807,347 in the last three months. Corporate insiders own 27.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $46.00 to $44.00 in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of The Carlyle Group from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Tuesday. The Goldman Sachs Group cut their price objective on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Barclays dropped their target price on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, Keefe, Bruyette & Woods reduced their price target on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and an average price target of $45.57.

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.