CSM Advisors LLC Purchases 18,870 Shares of Carlyle Group Inc. $CG

CSM Advisors LLC lifted its holdings in Carlyle Group Inc. (NASDAQ:CG) by 7.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 266,725 shares of the financial services provider’s stock after acquiring an additional 18,870 shares during the period. CSM Advisors LLC owned approximately 0.07% of Carlyle Group worth $13,714,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in CG. Geneos Wealth Management Inc. lifted its stake in Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after buying an additional 574 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Carlyle Group in the 2nd quarter valued at $38,000. National Pension Service lifted its position in shares of Carlyle Group by 74.8% during the 1st quarter. National Pension Service now owns 869 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 372 shares during the period. LRI Investments LLC acquired a new stake in Carlyle Group in the second quarter worth $46,000. Finally, Brooklyn Investment Group increased its stake in Carlyle Group by 28.6% in the first quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 236 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Trading Down 0.1%

NASDAQ CG opened at $52.43 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. The business has a fifty day simple moving average of $61.07 and a 200 day simple moving average of $55.43. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85. The firm has a market capitalization of $18.96 billion, a P/E ratio of 15.33, a PEG ratio of 1.22 and a beta of 2.01.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.98. Carlyle Group had a net margin of 20.22% and a return on equity of 23.60%. The firm had revenue of $782.50 million during the quarter, compared to analyst estimates of $848.51 million. On average, analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 2.7%. Carlyle Group’s dividend payout ratio (DPR) is currently 78.21%.

Insider Buying and Selling at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total value of $13,013,383.38. Following the completion of the transaction, the general counsel directly owned 753,255 shares of the company’s stock, valued at $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 26.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CG has been the subject of several research reports. Evercore ISI reduced their target price on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, October 8th. JMP Securities upped their target price on Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 14th. TD Cowen reduced their price target on shares of Carlyle Group from $78.00 to $77.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, Citigroup lowered their price objective on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $67.36.

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.