Toronto Dominion Bank Has $2.02 Million Stake in The Carlyle Group Inc. (NASDAQ:CG)

Toronto Dominion Bank increased its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 1.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,268 shares of the financial services provider’s stock after purchasing an additional 639 shares during the quarter. Toronto Dominion Bank’s holdings in The Carlyle Group were worth $2,018,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CG. Tobam acquired a new stake in shares of The Carlyle Group during the second quarter valued at about $27,000. Blue Trust Inc. grew its holdings in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 643 shares during the last quarter. SYSTM Wealth Solutions LLC bought a new position in shares of The Carlyle Group during the first quarter valued at $34,000. Rothschild Investment LLC acquired a new position in shares of The Carlyle Group during the second quarter worth $50,000. Finally, GAMMA Investing LLC increased its holdings in The Carlyle Group by 22.8% in the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 215 shares during the period. Institutional investors own 55.88% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 78,180 shares of the 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 completion of the sale, the insider now directly owns 8,441,022 shares of the company’s stock, valued at $337,134,418.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 1,616,224 shares of company stock worth $60,053,897. 27.20% of the stock is owned by insiders.

The Carlyle Group Stock Up 1.9 %

Shares of NASDAQ CG opened at $43.59 on Monday. 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 Inc. has a 1 year low of $27.13 and a 1 year high of $50.92. The stock has a market capitalization of $15.69 billion, a P/E ratio of -24.35, a P/E/G ratio of 1.30 and a beta of 1.73. The company has a 50-day moving average price of $41.70 and a 200-day moving average price of $42.82.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The business’s revenue for the quarter was up 131.5% compared to the same quarter last year. During the same period last year, the company earned $0.88 earnings per share. On average, equities research analysts forecast that The Carlyle Group Inc. will post 3.76 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.21%. The Carlyle Group’s dividend payout ratio is currently -78.21%.

Analysts Set New Price Targets

CG has been the topic of a number of analyst reports. Redburn Atlantic started coverage on The Carlyle Group in a research report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Wells Fargo & Company assumed coverage on shares of The Carlyle Group in a research report on Thursday, September 12th. They set an “equal weight” rating and a $42.00 price objective for the company. Barclays lowered their target price on shares of The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating for the company in a research note on Tuesday, August 6th. Finally, Oppenheimer decreased their price target on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $45.81.

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.