Ariel Investments LLC Purchases 54,805 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Ariel Investments LLC raised its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 1.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,937,725 shares of the financial services provider's stock after purchasing an additional 54,805 shares during the period. The Carlyle Group comprises about 2.1% of Ariel Investments LLC's portfolio, making the stock its 15th largest holding. Ariel Investments LLC owned approximately 1.37% of The Carlyle Group worth $198,250,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of The Carlyle Group by 22.8% during the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider's stock valued at $54,000 after acquiring an additional 215 shares during the period. Riverwater Partners LLC boosted its holdings in shares of The Carlyle Group by 1.1% during the first quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider's stock valued at $1,021,000 after acquiring an additional 228 shares during the period. Retirement Planning Co of New England Inc. lifted its holdings in The Carlyle Group by 2.5% in the first quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider's stock worth $531,000 after purchasing an additional 271 shares during the period. Intrepid Capital Management Inc. lifted its holdings in The Carlyle Group by 2.6% in the fourth quarter. Intrepid Capital Management Inc. now owns 12,103 shares of the financial services provider's stock worth $492,000 after purchasing an additional 305 shares during the period. Finally, Western Pacific Wealth Management LP lifted its holdings in The Carlyle Group by 14.7% in the first quarter. Western Pacific Wealth Management LP now owns 2,447 shares of the financial services provider's stock worth $115,000 after purchasing an additional 313 shares during the period. Institutional investors own 55.88% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CG. Oppenheimer reduced their price objective on shares of The Carlyle Group from $69.00 to $64.00 and set an "outperform" rating for the company in a report on Tuesday, August 6th. Keefe, Bruyette & Woods reduced their price objective on shares of The Carlyle Group from $48.00 to $46.00 and set a "market perform" rating for the company in a report on Tuesday, August 6th. Wells Fargo & Company began coverage on shares of The Carlyle Group in a report on Thursday, September 12th. They issued an "equal weight" rating and a $42.00 price objective for the company. TD Cowen upped their price target on shares of The Carlyle Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Tuesday, August 6th. Finally, UBS Group cut their price target on shares of The Carlyle Group from $45.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $45.81.

The Carlyle Group Stock Up 0.9 %

Shares of CG traded up $0.38 during trading hours on Thursday, reaching $42.79. The company's stock had a trading volume of 970,172 shares, compared to its average volume of 2,289,048. The firm has a market cap of $15.40 billion, a price-to-earnings ratio of -23.95, a P/E/G ratio of 1.30 and a beta of 1.73. The Carlyle Group Inc. has a 1-year low of $27.13 and a 1-year high of $50.92. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The company has a 50 day moving average of $41.82 and a two-hundred day moving average of $42.90.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.05). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The Carlyle Group's revenue for the quarter was up 131.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS. As a group, research analysts predict that The Carlyle Group Inc. will post 3.76 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 16th were paid a $0.35 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.40 annualized dividend and a dividend yield of 3.27%. The Carlyle Group's payout ratio is -78.21%.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 81,110 shares of the business's stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $32.21, for a total value of $2,612,553.10. Following the completion of the sale, the insider now owns 11,439,641 shares of the company's stock, valued at approximately $368,470,836.61. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders sold 1,747,271 shares of company stock valued at $64,316,868. 27.20% of the stock is owned by corporate insiders.

The Carlyle Group 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.