Everence Capital Management Inc. Makes New $390,000 Investment in The Carlyle Group Inc. (NASDAQ:CG)

Everence Capital Management Inc. purchased a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,720 shares of the financial services provider’s stock, valued at approximately $390,000.

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

The Carlyle Group Stock Up 1.7 %

Shares of NASDAQ CG opened at $52.70 on Tuesday. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year high of $55.11. The company has a market capitalization of $18.85 billion, a price-to-earnings ratio of 181.72, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The business has a 50-day moving average of $51.77 and a two-hundred day moving average of $46.19.

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

The Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders 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 yield of 2.66%. The Carlyle Group’s dividend payout ratio is presently 482.76%.

Insider Transactions at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 275,000 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total transaction of $605,000.00. Following the transaction, the insider now owns 2,405,461 shares of the company’s stock, valued at $5,292,014.20. This trade represents a 10.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 32,504,102 shares of the company’s stock, valued at approximately $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. Over the last 90 days, insiders have sold 2,037,913 shares of company stock worth $28,887,031. Corporate insiders own 27.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CG shares. UBS Group lifted their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, December 8th. Oppenheimer lifted their price objective on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods raised their target price on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, November 8th. Finally, JMP Securities reiterated a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.38.

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.