Segment Wealth Management LLC Takes $401,000 Position in The Carlyle Group Inc. (NASDAQ:CG)

Segment Wealth Management LLC acquired a new stake in The Carlyle Group Inc. (NASDAQ:CGGet Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,200 shares of the financial services provider’s stock, valued at approximately $401,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CG. Loomis Sayles & Co. L P grew its stake in The Carlyle Group by 6.9% during the 4th quarter. Loomis Sayles & Co. L P now owns 3,280 shares of the financial services provider’s stock worth $180,000 after purchasing an additional 212 shares in the last quarter. Blair William & Co. IL grew its stake in The Carlyle Group by 1.2% during the 4th quarter. Blair William & Co. IL now owns 19,667 shares of the financial services provider’s stock worth $1,080,000 after purchasing an additional 224 shares in the last quarter. Colonial River Wealth Management LLC grew its stake in The Carlyle Group by 6.4% during the 1st quarter. Colonial River Wealth Management LLC now owns 5,017 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 300 shares in the last quarter. National Asset Management Inc. grew its stake in The Carlyle Group by 1.4% during the 4th quarter. National Asset Management Inc. now owns 22,503 shares of the financial services provider’s stock worth $1,236,000 after purchasing an additional 305 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its holdings in The Carlyle Group by 2.0% during the 1st quarter. AdvisorNet Financial Inc now owns 16,082 shares of the financial services provider’s stock worth $787,000 after buying an additional 315 shares during the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.

In related news, Director David M. Rubenstein sold 2,000,000 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $38.67, for a total value of $77,340,000.00. Following the sale, the director now owns 29,249,644 shares in the company, valued at approximately $1,131,083,733.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 8,546 shares of the company’s stock in a transaction that occurred on Thursday, April 7th. The stock was sold at an average price of $57.23, for a total value of $489,087.58. The disclosure for this sale can be found here. Insiders have sold a total of 2,093,969 shares of company stock worth $82,709,291 in the last quarter. 29.80% of the stock is currently owned by insiders.

A number of analysts have issued reports on the company. JMP Securities assumed coverage on The Carlyle Group in a report on Wednesday, June 8th. They set an “outperform” rating and a $60.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price target on The Carlyle Group from $68.00 to $64.00 in a report on Thursday, May 19th. Oppenheimer lifted their price target on The Carlyle Group from $71.00 to $80.00 in a report on Wednesday, April 13th. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Finally, The Goldman Sachs Group reduced their target price on The Carlyle Group from $58.00 to $48.00 and set a “buy” rating for the company in a report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, The Carlyle Group presently has a consensus rating of “Moderate Buy” and an average target price of $59.00.

CG opened at $32.50 on Wednesday. The business has a 50 day moving average price of $36.04 and a two-hundred day moving average price of $43.65. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 1.25. The company has a market cap of $11.75 billion, a PE ratio of 4.42, a P/E/G ratio of 0.33 and a beta of 1.59. The Carlyle Group Inc. has a 52 week low of $30.64 and a 52 week high of $60.62.

The Carlyle Group (NASDAQ:CGGet Rating) last released its earnings results on Thursday, April 28th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.24). The Carlyle Group had a return on equity of 41.54% and a net margin of 33.77%. The business had revenue of $779.50 million for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted $0.58 EPS. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 4.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 17th. Shareholders of record on Tuesday, May 10th were given a dividend of $0.325 per share. This is a boost from The Carlyle Group’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 9th. This represents a $1.30 annualized dividend and a yield of 4.00%. The Carlyle Group’s payout ratio is presently 17.69%.

About The Carlyle Group (Get Rating)

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.

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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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