The Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by Wesbanco Bank Inc.

Wesbanco Bank Inc. grew its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 27.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 159,602 shares of the financial services provider’s stock after purchasing an additional 33,904 shares during the quarter. Wesbanco Bank Inc.’s holdings in The Carlyle Group were worth $6,872,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Tobam acquired a new position in The Carlyle Group in the second quarter worth approximately $27,000. Blue Trust Inc. grew its holdings in shares of The Carlyle Group by 506.3% in the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 643 shares during the last quarter. Rothschild Investment LLC acquired a new stake in shares of The Carlyle Group during the second quarter worth $50,000. GAMMA Investing LLC boosted its position in shares of The Carlyle Group by 22.8% in the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 215 shares during the period. Finally, 1832 Asset Management L.P. acquired a new stake in The Carlyle Group during the 1st quarter worth about $55,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CG. Wells Fargo & Company increased their target price on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. TD Cowen raised their price objective on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Oppenheimer dropped their target price on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price objective on shares of The Carlyle Group in a research report on Wednesday, October 9th. Finally, UBS Group cut their target price on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $49.33.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 69,637 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $34.81, for a total transaction of $2,424,063.97. Following the completion of the sale, the insider now owns 10,730,064 shares of the company’s stock, valued at approximately $373,513,527.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 2,336,067 shares of company stock worth $51,796,951. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Trading Up 0.7 %

Shares of CG opened at $48.62 on Tuesday. The stock’s 50-day moving average price is $41.61 and its 200 day moving average price is $42.81. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The Carlyle Group Inc. has a 12-month low of $27.13 and a 12-month high of $50.92. The firm has a market capitalization of $17.50 billion, a price-to-earnings ratio of -27.16, a P/E/G ratio of 1.25 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. During the same quarter in the prior year, the company posted $0.88 EPS. The company’s quarterly revenue was up 131.5% compared to the same quarter last year. As a group, research analysts predict that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.88%. The Carlyle Group’s payout ratio is presently -78.21%.

About The Carlyle Group

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.