Centiva Capital LP Makes New Investment in The Carlyle Group Inc. (NASDAQ:CG)

Centiva Capital LP acquired a new position in The Carlyle Group Inc. (NASDAQ:CG) in the third quarter, HoldingsChannel reports. The firm acquired 19,829 shares of the financial services provider’s stock, valued at approximately $854,000.

A number of other institutional investors also recently made changes to their positions in CG. FMR LLC increased its stake in The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after purchasing an additional 1,707,520 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of The Carlyle Group by 17,468.6% in 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 bought a new stake in The Carlyle Group during the 2nd quarter valued at $37,009,000. National Bank of Canada FI boosted its position in The Carlyle Group by 89.3% during the 2nd quarter. National Bank of Canada FI now owns 764,765 shares of the financial services provider’s stock valued at $30,269,000 after buying an additional 360,729 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in The Carlyle Group by 182.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock worth $15,551,000 after acquiring an additional 250,021 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CG. Wells Fargo & Company increased their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. UBS Group lifted their price objective on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Barclays upped their target price on The Carlyle Group from $50.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods boosted their price objective on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. Finally, Oppenheimer lifted their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $53.33.

The Carlyle Group Stock Performance

Shares of CG opened at $52.76 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The stock has a market cap of $18.87 billion, a P/E ratio of 181.93, a P/E/G ratio of 1.39 and a beta of 1.69. The business’s 50 day moving average price is $49.94 and its 200-day moving average price is $44.60. The Carlyle Group Inc. has a 52 week low of $35.31 and a 52 week high of $55.11.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 earnings per share. Equities research analysts anticipate that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a $0.35 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.65%. The Carlyle Group’s dividend payout ratio is presently 482.76%.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 924,466 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction that occurred 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 owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,171,556 shares of company stock valued at $29,222,475 over the last 90 days. Corporate insiders own 27.20% of the company’s stock.

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.