Raymond James Trust N.A. Acquires 708 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Raymond James Trust N.A. lifted its stake in The Carlyle Group Inc. (NASDAQ:CG) by 7.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,765 shares of the financial services provider’s stock after buying an additional 708 shares during the period. Raymond James Trust N.A.’s holdings in The Carlyle Group were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CG. Westbourne Investment Advisors Inc. lifted its position in The Carlyle Group by 3.6% in the third quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 200 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of The Carlyle Group by 0.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock worth $1,797,000 after acquiring an additional 208 shares during the period. Tobam boosted its position in shares of The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 220 shares in the last quarter. Western Pacific Wealth Management LP raised its position in The Carlyle Group by 10.6% in the third quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 314 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its holdings in The Carlyle Group by 0.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider’s stock valued at $2,484,000 after purchasing an additional 318 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CG. Morgan Stanley raised their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. JMP Securities restated a “market outperform” rating and issued a $60.00 target price on shares of The Carlyle Group in a research note on Wednesday, October 9th. Evercore ISI lifted their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. TD Cowen upped their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company lifted their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $53.33.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $53.52 on Wednesday. The stock has a market cap of $19.14 billion, a price-to-earnings ratio of 184.55, a P/E/G ratio of 1.42 and a beta of 1.70. The Carlyle Group Inc. has a 12-month low of $32.23 and a 12-month high of $55.11. 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 business’s 50-day simple moving average is $48.57 and its 200 day simple moving average is $44.12.

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

The Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date was Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is currently 482.76%.

Insider Buying and Selling

In other news, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the transaction, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Carlyle Group Inc. sold 92,905 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $2.27, for a total value of $210,894.35. Following the sale, the insider now directly owns 3,155,461 shares in the company, valued at $7,162,896.47. The trade was a 2.86 % 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 over the last three months. 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.