Atlantic Union Bankshares Corp Acquires Shares of 2,562 Carlyle Group Inc. $CG

Atlantic Union Bankshares Corp bought a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,562 shares of the financial services provider’s stock, valued at approximately $130,000.

A number of other large investors have also added to or reduced their stakes in CG. Farther Finance Advisors LLC increased its stake in Carlyle Group by 18.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,150 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 177 shares during the period. Wedmont Private Capital increased its position in shares of Carlyle Group by 3.5% in the second quarter. Wedmont Private Capital now owns 5,831 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 196 shares during the period. Verdence Capital Advisors LLC lifted its position in Carlyle Group by 1.8% during the second quarter. Verdence Capital Advisors LLC now owns 11,673 shares of the financial services provider’s stock worth $600,000 after purchasing an additional 212 shares during the period. B. Metzler seel. Sohn & Co. AG grew its stake in Carlyle Group by 3.5% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider’s stock worth $277,000 after buying an additional 215 shares in the last quarter. Finally, Bfsg LLC increased its holdings in Carlyle Group by 3.0% in the 2nd quarter. Bfsg LLC now owns 7,345 shares of the financial services provider’s stock valued at $378,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Down 0.1%

NASDAQ:CG opened at $52.43 on Monday. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap 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 firm’s 50 day simple moving average is $61.07 and its 200 day simple moving average is $55.56.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $848.51 million. On average, research analysts anticipate that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, November 10th. Carlyle Group’s payout ratio is 78.21%.

Insider Activity

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total transaction of $13,013,383.38. Following the completion of the transaction, the general counsel directly owned 753,255 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 26.30% of the stock is owned by company insiders.

Analyst Ratings Changes

CG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. BMO Capital Markets assumed coverage on Carlyle Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price target on the stock. Barclays restated an “overweight” rating and set a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Keefe, Bruyette & Woods decreased their target price on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Finally, Jefferies Financial Group increased their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a report on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Carlyle Group has a consensus rating of “Hold” and a consensus target price of $67.36.

About 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.