SG Americas Securities LLC Acquires 70,352 Shares of Carlyle Group Inc. $CG

SG Americas Securities LLC grew its stake in Carlyle Group Inc. (NASDAQ:CG) by 846.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,662 shares of the financial services provider’s stock after purchasing an additional 70,352 shares during the period. SG Americas Securities LLC’s holdings in Carlyle Group were worth $4,932,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Allworth Financial LP raised its stake in Carlyle Group by 150.3% during the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 299 shares in the last quarter. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group during the 2nd quarter worth about $26,000. Geneos Wealth Management Inc. lifted its holdings in Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 574 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Carlyle Group during the second quarter worth about $38,000. Finally, Motco acquired a new stake in shares of Carlyle Group during the third quarter worth approximately $40,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wolfe Research reaffirmed an “outperform” rating on shares of Carlyle Group in a report on Wednesday. TD Cowen lowered their target price on Carlyle Group from $78.00 to $77.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday. Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, October 8th. Finally, Citigroup reduced their target price on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $66.62.

Carlyle Group Price Performance

Shares of CG stock opened at $65.41 on Friday. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85. The firm has a market cap of $23.57 billion, a price-to-earnings ratio of 36.54, a PEG ratio of 1.20 and a beta of 2.04. The stock has a 50-day moving average price of $56.84 and a 200 day moving average price of $59.54.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, hitting the consensus estimate of $0.98. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. The company had revenue of $782.50 million during the quarter, compared to analysts’ expectations of $848.51 million. During the same quarter in the previous year, the company earned $0.95 EPS. Research analysts expect that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. Carlyle Group’s dividend payout ratio is 78.21%.

Insider Activity

In related news, Director David M. Rubenstein sold 625,000 shares of Carlyle Group stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the completion of the sale, the director directly owned 27,999,644 shares of the company’s stock, valued at $1,583,379,868.20. The trade was a 2.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 26.30% of the stock is owned by corporate insiders.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.