Kerusso Capital Management LLC Purchases 4,095 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Kerusso Capital Management LLC raised its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,621 shares of the financial services provider’s stock after acquiring an additional 4,095 shares during the period. The Carlyle Group comprises about 1.9% of Kerusso Capital Management LLC’s investment portfolio, making the stock its 25th largest holding. Kerusso Capital Management LLC’s holdings in The Carlyle Group were worth $2,912,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CG. Capital International Investors acquired a new position in shares of The Carlyle Group during the first quarter worth about $142,511,000. Boston Partners bought a new stake in shares of The Carlyle Group in the first quarter worth $109,122,000. Massachusetts Financial Services Co. MA boosted its holdings in The Carlyle Group by 17,468.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock worth $68,887,000 after purchasing an additional 1,705,982 shares during the last quarter. Marshall Wace LLP acquired a new stake in The Carlyle Group in the 2nd quarter valued at $37,009,000. Finally, William Blair Investment Management LLC boosted its stake in shares of The Carlyle Group by 6.5% during the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after buying an additional 721,608 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Stock Down 0.0 %

The Carlyle Group stock traded down $0.02 during midday trading on Friday, reaching $52.33. The stock had a trading volume of 3,324,443 shares, compared to its average volume of 2,332,326. The company has a market capitalization of $18.65 billion, a P/E ratio of 180.45, a PEG ratio of 1.25 and a beta of 1.70. The Carlyle Group Inc. has a 12 month low of $29.29 and a 12 month high of $54.52. The company has a fifty day moving average price of $45.62 and a two-hundred day moving average price of $43.46. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The business had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.87 EPS. As a group, equities analysts expect that The Carlyle Group Inc. will post 3.71 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.68%. The Carlyle Group’s payout ratio is 482.76%.

Insider Transactions at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of the company’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the sale, the insider now directly owns 3,643,231 shares in the company, valued at $7,796,514.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders sold 1,676,014 shares of company stock worth $3,687,196. 27.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CG shares. JPMorgan Chase & Co. lifted their price target on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of 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. UBS Group boosted their price objective on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley lifted their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a research report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $52.87.

The Carlyle Group Company 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.