Argent Capital Management LLC Sells 35,320 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Argent Capital Management LLC cut its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,995,109 shares of the financial services provider’s stock after selling 35,320 shares during the quarter. The Carlyle Group accounts for 2.8% of Argent Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Argent Capital Management LLC’s holdings in The Carlyle Group were worth $100,733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CG. Brooklyn Investment Group bought a new position in The Carlyle Group in the 3rd quarter worth approximately $33,000. Tobam grew its holdings in shares of The Carlyle Group by 32.8% in the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after buying an additional 220 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in shares of The Carlyle Group by 1,600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,600 shares during the period. Blue Trust Inc. grew its holdings in shares of The Carlyle Group by 147.9% in the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,139 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in The Carlyle Group in the 2nd quarter worth $126,000. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Trading Up 4.0 %

NASDAQ CG opened at $53.90 on Thursday. The Carlyle Group Inc. has a 12 month low of $36.65 and a 12 month high of $55.11. The company’s 50-day moving average price is $51.92 and its 200-day moving average price is $46.73. The stock has a market cap of $19.28 billion, a PE ratio of 185.86, a PEG ratio of 1.45 and a beta of 1.69. The company has a current ratio of 2.32, a quick 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 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The business had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.87 earnings per share. Equities research analysts forecast that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a $0.35 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.60%. The Carlyle Group’s dividend payout ratio (DPR) is presently 482.76%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CG. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. Oppenheimer increased their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. lifted their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Friday, January 3rd. Finally, Morgan Stanley lifted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $54.44.

Insider Buying and Selling

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value 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 trade represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 27.20% of the stock is owned by corporate insiders.

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.