Y Intercept Hong Kong Ltd Has $326,000 Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Y Intercept Hong Kong Ltd lessened its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 40.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,560 shares of the financial services provider’s stock after selling 5,116 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in The Carlyle Group were worth $326,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Tobam bought a new stake in shares of The Carlyle Group during the 2nd quarter worth approximately $27,000. Blue Trust Inc. raised its position 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 worth $31,000 after acquiring an additional 643 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of The Carlyle Group in the 3rd quarter valued at about $33,000. Rothschild Investment LLC acquired a new stake in The Carlyle Group in the 2nd quarter valued at about $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’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 transaction, the insider now owns 3,643,231 shares of the company’s stock, valued at approximately $7,796,514.34. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the sale, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,171,556 shares of company stock valued at $29,222,475 in the last quarter. Insiders own 27.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CG. Oppenheimer upped their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods increased their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, November 8th. Wells Fargo & Company upped their target price on The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Evercore ISI lifted their price target on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Finally, Redburn Atlantic assumed coverage on The Carlyle Group in a research report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Carlyle Group currently has a consensus rating of “Hold” and an average price target of $54.00.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $51.78 on Wednesday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The company has a market cap of $18.52 billion, a PE ratio of 178.55, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. The company has a 50 day moving average of $51.43 and a 200-day moving average of $45.20. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $55.11.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same quarter last year, the company posted $0.87 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities research analysts forecast that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

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.