Insider Buying: The Carlyle Group LP (CG) Director Acquires $100,950.00 in Stock

The Carlyle Group LP (NASDAQ:CG) Director Janet Hill bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was bought at an average price of $20.19 per share, with a total value of $100,950.00. Following the acquisition, the director now directly owns 41,680 shares in the company, valued at approximately $841,519.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of CG stock opened at $19.95 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.68 and a quick ratio of 0.61. The Carlyle Group LP has a 52 week low of $18.06 and a 52 week high of $25.90. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 5.75 and a beta of 1.65.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.24). The Carlyle Group had a net margin of 5.47% and a return on equity of 26.30%. The business had revenue of $679.10 million during the quarter, compared to analysts’ expectations of $660.04 million. During the same period in the prior year, the business earned $0.56 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities analysts forecast that The Carlyle Group LP will post 1.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 13th will be given a dividend of $0.42 per share. This is a boost from The Carlyle Group’s previous quarterly dividend of $0.22. This represents a $1.68 annualized dividend and a dividend yield of 8.42%. The ex-dividend date of this dividend is Friday, November 9th. The Carlyle Group’s payout ratio is 25.36%.

Several institutional investors have recently added to or reduced their stakes in the company. Artemis Investment Management LLP lifted its position in shares of The Carlyle Group by 11.4% during the 3rd quarter. Artemis Investment Management LLP now owns 3,647,420 shares of the financial services provider’s stock worth $82,338,000 after purchasing an additional 373,658 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of The Carlyle Group by 18.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,802,418 shares of the financial services provider’s stock worth $40,644,000 after purchasing an additional 275,990 shares during the last quarter. Algebris UK Ltd lifted its position in shares of The Carlyle Group by 78.4% during the 2nd quarter. Algebris UK Ltd now owns 1,133,997 shares of the financial services provider’s stock worth $24,154,000 after purchasing an additional 498,397 shares during the last quarter. Markel Corp raised its stake in The Carlyle Group by 4.1% during the 3rd quarter. Markel Corp now owns 1,090,000 shares of the financial services provider’s stock worth $24,580,000 after acquiring an additional 42,500 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in The Carlyle Group by 65.5% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 820,079 shares of the financial services provider’s stock worth $18,493,000 after acquiring an additional 324,600 shares in the last quarter. 39.94% of the stock is owned by institutional investors and hedge funds.

Several brokerages have commented on CG. ValuEngine raised shares of The Carlyle Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. Zacks Investment Research raised shares of The Carlyle Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 2nd. BidaskClub raised shares of The Carlyle Group from a “strong sell” rating to a “sell” rating in a research report on Friday, November 2nd. Oppenheimer set a $34.00 price target on shares of The Carlyle Group and gave the company a “buy” rating in a research report on Wednesday, October 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of The Carlyle Group from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Friday, November 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $29.00.

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About The Carlyle Group

The Carlyle Group L.P. 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.

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