Oppenheimer & Co. Inc. Has $14.74 Million Stake in The Carlyle Group Inc. (NASDAQ:CG)

Oppenheimer & Co. Inc. reduced its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 14.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 342,412 shares of the financial services provider's stock after selling 57,408 shares during the period. Oppenheimer & Co. Inc. owned about 0.10% of The Carlyle Group worth $14,744,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Bank of Canada FI increased its holdings in shares of The Carlyle Group by 58.8% during the 1st quarter. National Bank of Canada FI now owns 404,036 shares of the financial services provider's stock worth $18,953,000 after buying an additional 149,612 shares during the last quarter. Capital Group Private Client Services Inc. acquired a new stake in The Carlyle Group in the 1st quarter valued at $3,021,000. Cetera Investment Advisers increased its holdings in The Carlyle Group by 292.1% in the 1st quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider's stock valued at $1,574,000 after purchasing an additional 25,002 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in The Carlyle Group by 182.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider's stock valued at $15,551,000 after purchasing an additional 250,021 shares in the last quarter. Finally, Comerica Bank increased its holdings in The Carlyle Group by 44.5% in the 1st quarter. Comerica Bank now owns 184,420 shares of the financial services provider's stock valued at $8,651,000 after purchasing an additional 56,811 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm's stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the transaction, the insider now owns 3,643,231 shares in the company, valued at $7,796,514.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,676,014 shares of company stock worth $3,687,196 over the last quarter. 27.20% of the stock is currently owned by company insiders.

The Carlyle Group Stock Performance

CG traded down $0.93 on Wednesday, hitting $51.34. 1,868,356 shares of the company's stock were exchanged, compared to its average volume of 2,355,217. The stock has a fifty day moving average of $46.16 and a two-hundred day moving average of $43.52. The Carlyle Group Inc. has a twelve month low of $30.75 and a twelve month high of $54.52. The firm has a market cap of $18.36 billion, a PE ratio of 179.79, a P/E/G ratio of 1.38 and a beta of 1.70. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same quarter last year, the business earned $0.87 earnings per share. The Carlyle Group's revenue was up 15.2% compared to the same quarter last year. On average, research analysts anticipate that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.73%. The Carlyle Group's dividend payout ratio is presently 482.76%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on The Carlyle Group from $55.00 to $53.00 and set a "buy" rating for the company in a report on Thursday, August 15th. StockNews.com raised shares of The Carlyle Group from a "sell" rating to a "hold" rating in a research report on Tuesday. Morgan Stanley upped their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. JMP Securities reissued a "market outperform" rating and issued a $60.00 price objective on shares of The Carlyle Group in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their price objective on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $53.33.

The 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.