The Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 35.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 333,003 shares of the financial services provider's stock after purchasing an additional 86,433 shares during the quarter. Assetmark Inc. owned approximately 0.09% of The Carlyle Group worth $14,339,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Private Advisor Group LLC raised its stake in shares of The Carlyle Group by 43.8% during the first quarter. Private Advisor Group LLC now owns 8,507 shares of the financial services provider's stock worth $399,000 after purchasing an additional 2,593 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of The Carlyle Group during the first quarter worth approximately $212,000. Empowered Funds LLC raised its stake in shares of The Carlyle Group by 12.6% during the first quarter. Empowered Funds LLC now owns 26,977 shares of the financial services provider's stock worth $1,265,000 after purchasing an additional 3,015 shares during the last quarter. Forsta AP Fonden raised its stake in shares of The Carlyle Group by 8.7% during the first quarter. Forsta AP Fonden now owns 56,200 shares of the financial services provider's stock worth $2,636,000 after purchasing an additional 4,500 shares during the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of The Carlyle Group during the first quarter worth approximately $627,000. Hedge funds and other institutional investors own 55.88% of the company's stock.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 275,000 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total value of $605,000.00. Following the completion of the sale, the insider now owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 1,676,014 shares of company stock worth $3,687,196. 27.20% of the stock is currently owned by corporate insiders.

The Carlyle Group Trading Up 1.9 %

NASDAQ CG traded up $0.97 during trading hours on Monday, hitting $53.30. 7,379,157 shares of the company's stock were exchanged, compared to its average volume of 2,355,477. The business's 50 day moving average is $45.62 and its 200-day moving average is $43.42. The firm has a market capitalization of $19.00 billion, a P/E ratio of 183.90, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.55 and a current ratio of 2.32. The Carlyle Group Inc. has a 12-month low of $29.56 and a 12-month high of $54.52.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.08. The company had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business posted $0.87 EPS. As a group, analysts anticipate that The Carlyle Group Inc. will post 3.72 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be issued a $0.35 dividend. 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 2.63%. The Carlyle Group's dividend payout ratio (DPR) is 482.76%.

Analyst Ratings Changes

CG has been the topic of a number of recent analyst reports. TD Cowen upped their price objective on The Carlyle Group from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Friday. Wells Fargo & Company upped their price objective on The Carlyle Group from $42.00 to $48.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 9th. UBS Group upped their price objective on The Carlyle Group from $43.00 to $54.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft dropped their price objective on The Carlyle Group from $55.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. upped their target price on The Carlyle Group from $44.00 to $50.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $53.33.

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.