Macquarie Group Ltd. Purchases 11,638 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Macquarie Group Ltd. increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 16.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,629 shares of the financial services provider’s stock after purchasing an additional 11,638 shares during the period. Macquarie Group Ltd.’s holdings in The Carlyle Group were worth $2,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Toroso Investments LLC grew its stake in The Carlyle Group by 1.9% during the fourth quarter. Toroso Investments LLC now owns 16,518 shares of the financial services provider’s stock valued at $493,000 after acquiring an additional 304 shares in the last quarter. Altshuler Shaham Ltd grew its stake in The Carlyle Group by 13.3% during the fourth quarter. Altshuler Shaham Ltd now owns 3,775 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 442 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in The Carlyle Group by 0.6% during the first quarter. Asset Management One Co. Ltd. now owns 80,384 shares of the financial services provider’s stock valued at $2,497,000 after acquiring an additional 460 shares in the last quarter. American International Group Inc. grew its stake in The Carlyle Group by 27.6% during the second quarter. American International Group Inc. now owns 2,166 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 468 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in The Carlyle Group by 2.2% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,448 shares of the financial services provider’s stock valued at $580,000 after acquiring an additional 491 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CG. Barclays cut their target price on shares of The Carlyle Group from $38.00 to $37.00 and set an “overweight” rating for the company in a research note on Thursday, August 3rd. StockNews.com started coverage on shares of The Carlyle Group in a report on Saturday, August 19th. They issued a “sell” rating on the stock. Oppenheimer reduced their target price on shares of The Carlyle Group from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Thursday, August 3rd. TheStreet downgraded shares of The Carlyle Group from a “b-” rating to a “c+” rating in a report on Tuesday, August 15th. Finally, Morgan Stanley upped their price target on shares of The Carlyle Group from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.36.

Insider Activity at The Carlyle Group

In other news, major shareholder Subsidiary Holdings L.L.C. Cg bought 1,269,537 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was bought at an average price of $8.52 per share, with a total value of $10,816,455.24. Following the completion of the transaction, the insider now directly owns 4,785,628 shares of the company’s stock, valued at approximately $40,773,550.56. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other The Carlyle Group news, CFO Curtis L. Buser sold 25,828 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $32.36, for a total transaction of $835,794.08. Following the transaction, the chief financial officer now owns 1,221,416 shares in the company, valued at approximately $39,525,021.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Subsidiary Holdings L.L.C. Cg purchased 1,269,537 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were bought at an average price of $8.52 per share, for a total transaction of $10,816,455.24. Following the purchase, the insider now directly owns 4,785,628 shares in the company, valued at approximately $40,773,550.56. The disclosure for this purchase can be found here. Insiders sold 84,916 shares of company stock valued at $2,747,882 over the last 90 days. Insiders own 27.00% of the company’s stock.

The Carlyle Group Price Performance

Shares of CG opened at $32.98 on Tuesday. The company has a 50 day moving average price of $32.55 and a 200-day moving average price of $30.85. The Carlyle Group Inc. has a fifty-two week low of $24.59 and a fifty-two week high of $38.32. The stock has a market capitalization of $11.87 billion, a PE ratio of 29.19 and a beta of 1.70. The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.79 and a current ratio of 2.80.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.23. The Carlyle Group had a net margin of 13.11% and a return on equity of 24.12%. The firm had revenue of $977.90 million during the quarter, compared to analysts’ expectations of $809.12 million. Equities analysts predict that The Carlyle Group Inc. will post 2.99 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Tuesday, August 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.40 dividend on an annualized basis and a yield of 4.24%. The Carlyle Group’s payout ratio is 123.89%.

The 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.