Insider Buying: The Carlyle Group LP (CG) Director Acquires 5,000 Shares of Stock

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The Carlyle Group LP (NASDAQ:CG) Director Janet Hill purchased 5,000 shares of the business’s stock in a transaction dated 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 $841,519.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

NASDAQ CG traded up $0.51 during trading hours on Wednesday, reaching $21.00. The company’s stock had a trading volume of 402,465 shares, compared to its average volume of 773,619. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 6.05 and a beta of 1.65. The Carlyle Group LP has a fifty-two week low of $18.06 and a fifty-two week high of $25.90. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 2.35.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.24). The business had revenue of $679.10 million during the quarter, compared to analyst estimates of $660.04 million. The Carlyle Group had a net margin of 5.47% and a return on equity of 26.30%. The Carlyle Group’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. As a group, research analysts expect that The Carlyle Group LP will post 1.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Tuesday, November 13th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 8.00%. This is a boost from The Carlyle Group’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, November 9th. The Carlyle Group’s dividend payout ratio is presently 25.36%.

Institutional investors have recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC acquired a new stake in shares of The Carlyle Group during the 3rd quarter worth about $200,000. Westbourne Investment Advisors Inc. acquired a new stake in shares of The Carlyle Group during the 3rd quarter worth about $113,000. Tuttle Tactical Management acquired a new stake in shares of The Carlyle Group during the 2nd quarter worth about $107,000. North Star Investment Management Corp. acquired a new stake in shares of The Carlyle Group during the 2nd quarter worth about $145,000. Finally, Kendall Capital Management acquired a new stake in shares of The Carlyle Group during the 3rd quarter worth about $221,000. 39.94% of the stock is currently owned by institutional investors.

A number of equities analysts have recently issued reports on CG shares. Oppenheimer set a $35.00 price target on shares of The Carlyle Group and gave the company a “buy” rating in a report on Sunday, September 9th. ValuEngine cut shares of The Carlyle Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Morgan Stanley increased their price objective on shares of The Carlyle Group from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, August 14th. BidaskClub cut shares of The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Citigroup increased their price objective on shares of The Carlyle Group from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus 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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