O ROURKE & COMPANY Inc Boosts Holdings in The Carlyle Group Inc. (NASDAQ:CG)

O ROURKE & COMPANY Inc lifted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 2.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 16,645 shares of the financial services provider’s stock after buying an additional 404 shares during the quarter. O ROURKE & COMPANY Inc’s holdings in The Carlyle Group were worth $668,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of The Carlyle Group by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after buying an additional 1,756,189 shares during the period. Jessup Wealth Management Inc purchased a new position in The Carlyle Group during the 1st quarter valued at $7,631,000. New York State Teachers Retirement System purchased a new stake in shares of The Carlyle Group in the 4th quarter worth about $1,349,000. Principal Financial Group Inc. boosted its stake in shares of The Carlyle Group by 4,693.0% during the 4th quarter. Principal Financial Group Inc. now owns 794,438 shares of the financial services provider’s stock valued at $32,326,000 after purchasing an additional 777,863 shares in the last quarter. Finally, National Bank of Canada FI raised its stake in The Carlyle Group by 58.8% in the first quarter. National Bank of Canada FI now owns 404,036 shares of the financial services provider’s stock worth $18,953,000 after buying an additional 149,612 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Down 2.2 %

Shares of The Carlyle Group stock traded down $0.92 on Friday, reaching $41.11. The company’s stock had a trading volume of 1,658,648 shares, compared to its average volume of 2,298,648. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of -22.97, a P/E/G ratio of 1.38 and a beta of 1.75. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $50.92. The firm’s fifty day simple moving average is $42.13 and its two-hundred day simple moving average is $43.66.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The business 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 23.92% and a negative net margin of 23.04%. The Carlyle Group’s quarterly revenue was up 131.5% compared to the same quarter last year. During the same period last year, the firm posted $0.88 EPS. Equities analysts anticipate that The Carlyle Group Inc. will post 3.87 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Friday, August 16th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.41%. The Carlyle Group’s dividend payout ratio (DPR) is currently -78.21%.

Analyst Upgrades and Downgrades

CG has been the subject of several research reports. Barclays decreased their target price on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Jefferies Financial Group decreased their price objective on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Deutsche Bank Aktiengesellschaft reduced their target price 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. JPMorgan Chase & Co. cut shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $46.00 to $44.00 in a research report on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, The Carlyle Group has an average rating of “Hold” and a consensus target price of $45.43.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. sold 24,390 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $30.09, for a total value of $733,895.10. Following the transaction, the insider now owns 11,141,580 shares in the company, valued at approximately $335,250,142.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 2,261,559 shares of company stock valued at $82,700,460 over the last 90 days. Company 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.