CSM Advisors LLC Buys 18,870 Shares of Carlyle Group Inc. $CG

CSM Advisors LLC raised its stake in Carlyle Group Inc. (NASDAQ:CG) by 7.6% during the second quarter, Holdings Channel reports. The fund owned 266,725 shares of the financial services provider’s stock after buying an additional 18,870 shares during the period. CSM Advisors LLC’s holdings in Carlyle Group were worth $13,714,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its stake in Carlyle Group by 755.3% in the first 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. National Pension Service increased its position in Carlyle Group by 74.8% in the first quarter. National Pension Service now owns 869 shares of the financial services provider’s stock worth $38,000 after buying an additional 372 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Carlyle Group during the 2nd quarter valued at $38,000. Brooklyn Investment Group grew its stake in shares of Carlyle Group by 28.6% during the 1st quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 236 shares during the period. Finally, LRI Investments LLC purchased a new stake in Carlyle Group in the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. TD Cowen cut their target price on shares of Carlyle Group from $78.00 to $77.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Keefe, Bruyette & Woods cut their price objective on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. JMP Securities boosted their target price on shares of Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a report on Thursday, August 14th. Morgan Stanley raised their price target on Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Carlyle Group presently has a consensus rating of “Hold” and an average target price of $67.36.

Insider Buying and Selling at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total value of $13,013,383.38. Following the sale, the general counsel directly owned 753,255 shares of the company’s stock, valued at $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 26.30% of the company’s stock.

Carlyle Group Stock Performance

NASDAQ CG opened at $52.43 on Friday. The company’s 50 day simple moving average is $61.07 and its two-hundred day simple moving average is $55.43. The stock has a market capitalization of $18.96 billion, a PE ratio of 15.33, a P/E/G ratio of 1.22 and a beta of 2.01. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share for the quarter, hitting the consensus estimate of $0.98. Carlyle Group had a net margin of 20.22% and a return on equity of 23.60%. The firm had revenue of $782.50 million for the quarter, compared to analysts’ expectations of $848.51 million. Analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 2.7%. Carlyle Group’s payout ratio is presently 78.21%.

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.