Whalen Wealth Management Inc. Makes New $719,000 Investment in The Carlyle Group Inc. (NASDAQ:CG)

Whalen Wealth Management Inc. acquired a new position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,704 shares of the financial services provider's stock, valued at approximately $719,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Tobam purchased a new position in shares of The Carlyle Group during the second quarter valued at approximately $27,000. Blue Trust Inc. lifted its holdings in shares of The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 643 shares during the last quarter. Rothschild Investment LLC purchased a new position in shares of The Carlyle Group during the second quarter valued at approximately $50,000. 1832 Asset Management L.P. purchased a new position in The Carlyle Group in the 1st quarter worth approximately $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its holdings in The Carlyle Group by 1,600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider's stock worth $73,000 after acquiring an additional 1,600 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, Director Daniel A. D'aniello sold 495,542 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Carlyle Group Inc. sold 133,643 shares of the company's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $2.51, for a total transaction of $335,443.93. Following the completion of the transaction, the insider now owns 4,767,697 shares in the company, valued at $11,966,919.47. This represents a 2.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,171,556 shares of company stock worth $29,222,475. Insiders own 27.20% of the company's stock.

The Carlyle Group Price Performance

Shares of CG traded up $0.28 during trading hours on Tuesday, reaching $51.14. 1,741,550 shares of the stock traded hands, compared to its average volume of 2,347,602. The company has a market cap of $18.29 billion, a P/E ratio of 176.34, a price-to-earnings-growth ratio of 1.33 and a beta of 1.70. The Carlyle Group Inc. has a 52-week low of $31.21 and a 52-week high of $54.52. 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 company's 50-day moving average price is $47.48 and its two-hundred day moving average price is $43.81.

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, topping the consensus estimate of $0.87 by $0.08. The business had revenue of $895.00 million for the quarter, compared to analysts' expectations of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business's quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.87 EPS. On average, analysts anticipate that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Monday, November 18th. The Carlyle Group's dividend payout ratio is 482.76%.

Analyst Upgrades and Downgrades

CG has been the subject of a number of recent analyst reports. JMP Securities restated a "market outperform" rating and issued a $60.00 price objective on shares of The Carlyle Group in a report on Wednesday, October 9th. Redburn Atlantic assumed coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They issued a "buy" rating and a $55.00 target price for the company. StockNews.com raised shares of The Carlyle Group from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. TD Cowen lifted their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research report on Friday, November 8th. Finally, Oppenheimer lifted their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.