Mirae Asset Global Investments Co. Ltd. Invests $434,000 in The Carlyle Group Inc. (NASDAQ:CG)

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of The Carlyle Group Inc. (NASDAQ:CGGet Rating) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,704 shares of the financial services provider’s stock, valued at approximately $434,000.

Other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. purchased a new position in The Carlyle Group during the first quarter valued at approximately $28,000. Burleson & Company LLC acquired a new stake in The Carlyle Group in the first quarter valued at approximately $29,000. CVA Family Office LLC grew its holdings in The Carlyle Group by 257.1% in the first quarter. CVA Family Office LLC now owns 625 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 450 shares during the period. Parkside Investments LLC acquired a new stake in The Carlyle Group in the first quarter valued at approximately $48,000. Finally, Herold Advisors Inc. acquired a new stake in The Carlyle Group in the first quarter valued at approximately $49,000. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CG has been the topic of several research analyst reports. Royal Bank of Canada dropped their price objective on The Carlyle Group from $15.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, August 11th. JMP Securities lowered their price target on The Carlyle Group from $60.00 to $58.00 and set a “market outperform” rating on the stock in a research note on Tuesday, October 11th. JPMorgan Chase & Co. lowered their price target on The Carlyle Group from $53.00 to $45.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 18th. Bank of America reaffirmed an “underperform” rating and issued a $34.00 price target on shares of The Carlyle Group in a research note on Thursday, October 6th. Finally, TheStreet lowered The Carlyle Group from a “b-” rating to a “c” rating in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $43.97.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 181,938 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $46.26, for a total transaction of $8,416,451.88. Following the completion of the transaction, the insider now directly owns 40,897,624 shares of the company’s stock, valued at approximately $1,891,924,086.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Bruce M. Larson sold 8,743 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $37.85, for a total transaction of $330,922.55. Following the completion of the transaction, the insider now directly owns 189,712 shares of the company’s stock, valued at approximately $7,180,599.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Carlyle Group Inc. sold 181,938 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $46.26, for a total value of $8,416,451.88. Following the transaction, the insider now directly owns 40,897,624 shares of the company’s stock, valued at $1,891,924,086.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 630,787 shares of company stock worth $29,311,622. 29.80% of the stock is currently owned by company insiders.

The Carlyle Group Price Performance

NASDAQ:CG opened at $28.06 on Thursday. The Carlyle Group Inc. has a 52 week low of $24.59 and a 52 week high of $60.62. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $10.14 billion, a P/E ratio of 5.13, a P/E/G ratio of 0.29 and a beta of 1.68. The stock’s fifty day moving average is $29.71 and its two-hundred day moving average is $34.06.

The Carlyle Group (NASDAQ:CGGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.06. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. The Carlyle Group had a return on equity of 40.15% and a net margin of 31.86%. Equities analysts expect that The Carlyle Group Inc. will post 3.9 EPS for the current year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 16th. Investors of record on Tuesday, August 9th were issued a $0.325 dividend. The ex-dividend date was Monday, August 8th. This represents a $1.30 annualized dividend and a dividend yield of 4.63%. The Carlyle Group’s dividend payout ratio is presently 23.77%.

The Carlyle Group Profile

(Get Rating)

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.

See Also

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