Kovack Advisors Inc. Sells 208 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Kovack Advisors Inc. reduced its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 2.2% during the third quarter, Holdings Channel reports. The firm owned 9,128 shares of the financial services provider’s stock after selling 208 shares during the quarter. Kovack Advisors Inc.’s holdings in The Carlyle Group were worth $393,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. bought a new stake in shares of The Carlyle Group during the first quarter valued at approximately $212,000. US Bancorp DE lifted its position in The Carlyle Group by 1.8% during the 1st quarter. US Bancorp DE now owns 77,533 shares of the financial services provider’s stock valued at $3,637,000 after acquiring an additional 1,343 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in The Carlyle Group by 23.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 130,339 shares of the financial services provider’s stock worth $6,114,000 after purchasing an additional 24,901 shares during the period. Blair William & Co. IL increased its stake in shares of The Carlyle Group by 6.3% during the first quarter. Blair William & Co. IL now owns 45,823 shares of the financial services provider’s stock valued at $2,150,000 after purchasing an additional 2,715 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of The Carlyle Group in the 1st quarter worth approximately $269,000. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

NASDAQ CG opened at $51.09 on Friday. The company has a market cap of $18.27 billion, a P/E ratio of 176.17, a P/E/G ratio of 1.38 and a beta of 1.70. The business’s 50 day moving average price is $46.68 and its 200-day moving average price is $43.62. The Carlyle Group Inc. has a fifty-two week low of $31.21 and a fifty-two week high of $54.52. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32.

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

The Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be issued a $0.35 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.74%. The Carlyle Group’s payout ratio is 482.76%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Oppenheimer boosted their price target on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday. Morgan Stanley upped their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. StockNews.com upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of The Carlyle Group from $51.00 to $55.00 and gave the company 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $53.33.

Insider Transactions 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 that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Carlyle Group Inc. sold 924,466 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the sale, the insider now owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This represents a 20.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,171,556 shares of company stock valued at $29,222,475. 27.20% of the stock is currently owned by corporate insiders.

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.