Sargent Investment Group LLC Buys 3,895 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Sargent Investment Group LLC lifted its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 283,848 shares of the financial services provider’s stock after buying an additional 3,895 shares during the period. The Carlyle Group comprises 2.2% of Sargent Investment Group LLC’s holdings, making the stock its 13th largest holding. Sargent Investment Group LLC owned approximately 0.08% of The Carlyle Group worth $12,222,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Capital International Investors bought a new position in shares of The Carlyle Group during the first quarter valued at approximately $142,511,000. Boston Partners acquired a new stake in shares of The Carlyle Group in the first quarter valued at about $109,122,000. Massachusetts Financial Services Co. MA boosted its position in The Carlyle Group by 17,468.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock worth $68,887,000 after acquiring an additional 1,705,982 shares during the last quarter. Marshall Wace LLP acquired a new position in The Carlyle Group during the second quarter worth about $37,009,000. Finally, Canada Pension Plan Investment Board purchased a new position in The Carlyle Group during the first quarter worth about $23,455,000. 55.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 924,466 shares of The Carlyle Group stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24. Following the transaction, the insider now directly owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 1,676,014 shares of company stock worth $3,687,196 in the last quarter. 27.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Oppenheimer upped their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday. Barclays increased their price target on shares of The Carlyle Group from $50.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, November 8th. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price target on shares of The Carlyle Group in a report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, Keefe, Bruyette & Woods raised their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.33.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock traded up $0.22 during trading on Thursday, reaching $51.56. The company’s stock had a trading volume of 326,513 shares, compared to its average volume of 2,345,819. The business’s 50-day moving average price is $46.42 and its 200-day moving average price is $43.57. The firm has a market cap of $18.44 billion, a PE ratio of 177.03, a P/E/G ratio of 1.38 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 quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 earnings per share. Equities analysts forecast that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.72%. The Carlyle Group’s dividend payout ratio is currently 482.76%.

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.