Point72 Hong Kong Ltd Purchases Shares of 4,278 The Carlyle Group Inc. (NASDAQ:CG)

Point72 Hong Kong Ltd purchased a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,278 shares of the financial services provider’s stock, valued at approximately $172,000.

A number of other hedge funds also recently bought and sold shares of CG. Tobam bought a new position in The Carlyle Group during the second quarter valued at about $27,000. SYSTM Wealth Solutions LLC bought a new position in The Carlyle Group during the first quarter valued at about $34,000. Blue Trust Inc. increased its stake in The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 643 shares during the period. GAMMA Investing LLC increased its stake in The Carlyle Group by 22.8% during the first 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 period. Finally, 1832 Asset Management L.P. bought a new position in The Carlyle Group during the first quarter valued at about $55,000. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Stock Up 0.9 %

NASDAQ:CG opened at $42.79 on Friday. The stock’s fifty day moving average price is $41.75 and its two-hundred day moving average price is $42.90. The Carlyle Group Inc. has a 52-week low of $27.13 and a 52-week high of $50.92. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.55 and a current ratio of 2.55. The company has a market cap of $15.40 billion, a price-to-earnings ratio of -23.91, a P/E/G ratio of 1.30 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data 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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. During the same period in the prior year, the company posted $0.88 EPS. The firm’s quarterly revenue was up 131.5% compared to the same quarter last year. On average, analysts anticipate that The Carlyle Group Inc. will post 3.76 EPS for the current year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Friday, August 16th. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. TD Cowen upped their price objective on The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Oppenheimer lowered their price objective on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th. Barclays lowered their price objective on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. lowered The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $46.00 to $44.00 in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.81.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 78,180 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $39.94, for a total value of $3,122,509.20. Following the transaction, the insider now owns 8,441,022 shares of the company’s stock, valued at approximately $337,134,418.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 1,697,334 shares of company stock valued at $62,666,450 in the last 90 days. 27.20% of the stock is owned by company insiders.

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.