Bamco Inc. NY Sells 75,000 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Bamco Inc. NY lowered its stake in The Carlyle Group Inc. (NASDAQ:CG) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,867,253 shares of the financial services provider’s stock after selling 75,000 shares during the quarter. Bamco Inc. NY’s holdings in The Carlyle Group were worth $80,404,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Ariel Investments LLC boosted its holdings in shares of The Carlyle Group by 1.1% during the 2nd quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock valued at $198,250,000 after buying an additional 54,805 shares in the last quarter. FMR LLC boosted its holdings in shares of The Carlyle Group by 72.8% during the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after buying an additional 1,707,520 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of The Carlyle Group by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider’s stock valued at $109,524,000 after buying an additional 55,662 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of The Carlyle Group by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,266,595 shares of the financial services provider’s stock valued at $90,999,000 after buying an additional 137,541 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of The Carlyle Group by 22.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock valued at $90,740,000 after buying an additional 391,553 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Up 1.0 %

CG stock opened at $53.23 on Monday. The business’s 50-day moving average is $49.36 and its two-hundred day moving average is $44.41. The company has a market cap of $19.04 billion, a price-to-earnings ratio of 183.55, a P/E/G ratio of 1.41 and a beta of 1.70. The Carlyle Group Inc. has a fifty-two week low of $34.13 and a fifty-two week high of $55.11. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32.

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

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.63%. The Carlyle Group’s dividend payout ratio is currently 482.76%.

Insider Buying and Selling at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 133,643 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the transaction, the insider now owns 4,767,697 shares of the company’s stock, valued at approximately $11,966,919.47. This represents a 2.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the firm’s 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 sale, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,171,556 shares of company stock valued at $29,222,475. Company insiders own 27.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on CG shares. Keefe, Bruyette & Woods boosted their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, November 8th. Evercore ISI upped their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Barclays upped their price target on shares of The Carlyle Group from $50.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. UBS Group upped their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Redburn Atlantic initiated coverage on shares of The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.33.

About The Carlyle Group

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.