Sierra Capital LLC Grows Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Sierra Capital LLC grew its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 119.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,555 shares of the financial services provider’s stock after buying an additional 33,559 shares during the quarter. Sierra Capital LLC’s holdings in The Carlyle Group were worth $2,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CG. GAMMA Investing LLC boosted its stake in The Carlyle Group by 22.8% during the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 215 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of The Carlyle Group by 13.9% during the first quarter. Park Avenue Securities LLC now owns 7,452 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 911 shares during the period. Parkside Investments LLC acquired a new position in The Carlyle Group during the 1st quarter valued at about $486,000. Atlas Capital Advisors LLC bought a new position in shares of The Carlyle Group during the 1st quarter valued at about $194,000. Finally, Investment Partners Asset Management Inc. bought a new position in shares of The Carlyle Group during the 1st quarter valued at about $220,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CG has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. JMP Securities reissued a “market outperform” rating and issued a $60.00 price target on shares of The Carlyle Group in a research report on Wednesday, October 9th. Oppenheimer increased their price target on shares of The Carlyle Group from $64.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, UBS Group raised their price objective on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.93.

The Carlyle Group Trading Down 2.2 %

Shares of The Carlyle Group stock traded down $1.14 during trading on Tuesday, hitting $50.19. 630,979 shares of the company were exchanged, compared to its average volume of 2,330,354. The firm has a market capitalization of $18.06 billion, a P/E ratio of -27.94, a price-to-earnings-growth ratio of 1.25 and a beta of 1.73. The Carlyle Group Inc. has a 1-year low of $27.13 and a 1-year high of $52.73. The firm’s fifty day moving average price is $42.76 and its 200 day moving average price is $42.95. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The Carlyle Group’s quarterly revenue was up 131.5% compared to the same quarter last year. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 3.76 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s dividend payout ratio is currently -78.21%.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 78,180 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $39.94, for a total transaction of $3,122,509.20. Following the sale, the insider now owns 8,441,022 shares in the company, valued at $337,134,418.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 2,683,458 shares of company stock worth $43,731,421 in the last 90 days. Corporate insiders own 27.20% of the company’s stock.

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.