Sierra Capital LLC Boosts Position in The Carlyle Group Inc. (NASDAQ:CG)

Sierra Capital LLC boosted its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 119.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,555 shares of the financial services provider's stock after buying an additional 33,559 shares during the period. Sierra Capital LLC's holdings in The Carlyle Group were worth $2,651,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CG. Capital World Investors increased its position in shares of The Carlyle Group by 0.4% during the 1st quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider's stock worth $940,687,000 after purchasing an additional 79,681 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of The Carlyle Group by 6.5% in the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider's stock worth $554,448,000 after acquiring an additional 721,608 shares during the last quarter. Ariel Investments LLC raised its position in The Carlyle Group by 1.1% in the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider's stock valued at $198,250,000 after purchasing an additional 54,805 shares during the period. Capital International Investors purchased a new position in shares of The Carlyle Group during the first quarter worth $142,511,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of The Carlyle Group by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider's stock valued at $109,524,000 after buying an additional 55,662 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. sold 103,926 shares of The Carlyle Group stock in a transaction on Friday, July 26th. The stock was sold at an average price of $39.05, for a total transaction of $4,058,310.30. Following the completion of the transaction, the insider now owns 9,602,305 shares of the company's stock, valued at $374,970,010.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 2,683,458 shares of company stock worth $43,731,421 in the last quarter. Company insiders own 27.20% of the company's stock.

Wall Street Analysts Forecast Growth

CG has been the topic of several recent research reports. UBS Group upped their target price on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a "neutral" rating in a research note on Tuesday. Barclays increased their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company an "overweight" rating in a research note on Monday, October 7th. Redburn Atlantic initiated coverage on The Carlyle Group in a research note on Tuesday, August 27th. They set a "buy" rating and a $55.00 target price for the company. Morgan Stanley lifted their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods cut their target price on shares of The Carlyle Group from $48.00 to $46.00 and set a "market perform" rating on the stock in a research note on Tuesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $50.93.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock traded down $1.58 during trading hours on Tuesday, hitting $49.75. 1,909,251 shares of the company were exchanged, compared to its average volume of 2,336,604. The business has a 50-day moving average of $42.76 and a 200-day moving average of $42.95. The Carlyle Group Inc. has a 1 year low of $27.13 and a 1 year high of $52.73. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of -27.79, a P/E/G ratio of 1.25 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.88 EPS. As a group, analysts expect that The Carlyle Group Inc. will post 3.76 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 16th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.81%. The Carlyle Group's payout ratio is -78.21%.

About The 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.