TD Waterhouse Canada Inc. Purchases 24,662 Shares of Carlyle Group Inc. $CG

TD Waterhouse Canada Inc. boosted its position in Carlyle Group Inc. (NASDAQ:CG) by 38.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,951 shares of the financial services provider’s stock after acquiring an additional 24,662 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Carlyle Group were worth $3,600,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Main Street Group LTD acquired a new stake in shares of Carlyle Group in the 1st quarter valued at $27,000. Allworth Financial LP bought a new position in shares of Carlyle Group in the 2nd quarter valued at $35,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Carlyle Group by 36.6% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 258 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Carlyle Group during the 1st quarter worth $52,000. Finally, GHP Investment Advisors Inc. acquired a new position in shares of Carlyle Group during the 1st quarter worth $57,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on CG shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $52.00 price objective on shares of Carlyle Group in a research note on Monday, July 13th. Barclays lowered their target price on Carlyle Group from $64.00 to $53.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th. TD Cowen reduced their price target on shares of Carlyle Group from $54.00 to $42.00 and set a “hold” rating on the stock in a research note on Monday, October 12th. Evercore set a $51.00 price target on shares of Carlyle Group in a report on Thursday, August 6th. Finally, Wall Street Zen raised shares of Carlyle Group from a “sell” rating to a “hold” rating in a report on Sunday. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Carlyle Group has a consensus rating of “Hold” and an average target price of $54.60.

Insider Buying and Selling at Carlyle Group

In other news, Director David Rubenstein sold 400,000 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $42.74, for a total transaction of $17,096,000.00. Following the sale, the director directly owned 26,899,644 shares in the company, valued at approximately $1,149,690,784.56. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 25.40% of the company’s stock.

Carlyle Group Stock Up 2.1%

Shares of CG opened at $37.31 on Wednesday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.35 and a current ratio of 2.35. Carlyle Group Inc. has a 52 week low of $35.41 and a 52 week high of $67.30. The stock has a market capitalization of $13.29 billion, a price-to-earnings ratio of 38.86, a PEG ratio of 1.07 and a beta of 1.88. The stock has a fifty day moving average of $43.03 and a 200-day moving average of $45.24.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. During the same quarter in the previous year, the company posted $0.87 EPS. Carlyle Group’s quarterly revenue was down 28.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carlyle Group Inc. will post 3.56 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, August 17th. Carlyle Group’s dividend payout ratio (DPR) is presently 145.83%.

About Carlyle Group

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.