The Carlyle Group Inc. (NASDAQ:CG) is Sargent Investment Group LLC’s 8th Largest Position

Sargent Investment Group LLC decreased its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 0.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 309,455 shares of the financial services provider’s stock after selling 1,440 shares during the quarter. The Carlyle Group comprises approximately 2.8% of Sargent Investment Group LLC’s investment portfolio, making the stock its 8th largest holding. Sargent Investment Group LLC’s holdings in The Carlyle Group were worth $12,592,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. William Blair Investment Management LLC lifted its stake in The Carlyle Group by 65.9% in the third quarter. William Blair Investment Management LLC now owns 8,877,428 shares of the financial services provider’s stock valued at $267,743,000 after buying an additional 3,524,794 shares during the last quarter. SeaTown Holdings Pte. Ltd. acquired a new position in The Carlyle Group during the third quarter worth $29,949,000. Ariel Investments LLC grew its holdings in The Carlyle Group by 16.9% in the third quarter. Ariel Investments LLC now owns 6,364,528 shares of the financial services provider’s stock valued at $191,954,000 after purchasing an additional 918,114 shares during the last quarter. Wafra Inc. grew its holdings in The Carlyle Group by 295.8% in the third quarter. Wafra Inc. now owns 942,083 shares of the financial services provider’s stock valued at $28,413,000 after purchasing an additional 704,036 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in The Carlyle Group in the third quarter valued at $16,678,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Carlyle Group Inc. purchased 190,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the acquisition, the insider now owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The acquisition was disclosed in a filing with the SEC, which is available at this link. 27.00% of the stock is owned by company insiders.

Analyst Ratings Changes

CG has been the topic of a number of analyst reports. TD Cowen initiated coverage on The Carlyle Group in a research note on Thursday, January 4th. They set a “market perform” rating and a $42.00 price objective on the stock. Morgan Stanley increased their price objective on The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. TheStreet lowered The Carlyle Group from a “b-” rating to a “c” rating in a research note on Wednesday, February 7th. Citigroup raised their price target on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Finally, UBS Group raised their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and an average target price of $43.07.

The Carlyle Group Stock Up 1.1 %

Shares of NASDAQ:CG traded up $0.49 during mid-day trading on Friday, hitting $46.11. 788,959 shares of the company traded hands, compared to its average volume of 1,841,456. The firm has a market cap of $16.70 billion, a P/E ratio of -27.28, a PEG ratio of 0.98 and a beta of 1.79. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27. The Carlyle Group Inc. has a 52-week low of $25.20 and a 52-week high of $48.52. The firm’s 50 day simple moving average is $45.94 and its 200 day simple moving average is $39.64.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.08. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The company had revenue of $896.40 million for the quarter, compared to the consensus estimate of $860.68 million. During the same period in the previous year, the business earned $1.01 EPS. The Carlyle Group’s revenue for the quarter was down 15.4% compared to the same quarter last year. On average, equities analysts anticipate that The Carlyle Group Inc. will post 3.97 EPS for the current year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 annualized dividend and a yield of 3.04%. The Carlyle Group’s dividend payout ratio is presently -82.84%.

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.