Amalgamated Bank Has $5.86 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

Amalgamated Bank grew its position in The Carlyle Group Inc. (NASDAQ:CG) by 319.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,982 shares of the financial services provider’s stock after purchasing an additional 109,621 shares during the period. Amalgamated Bank’s holdings in The Carlyle Group were worth $5,859,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of The Carlyle Group in the third quarter worth about $755,000. Commonwealth Equity Services LLC grew its holdings in The Carlyle Group by 0.8% during the third quarter. Commonwealth Equity Services LLC now owns 109,184 shares of the financial services provider’s stock valued at $3,293,000 after purchasing an additional 821 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of The Carlyle Group by 36.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 32,215 shares of the financial services provider’s stock worth $972,000 after buying an additional 8,664 shares during the last quarter. Raymond James & Associates grew its stake in The Carlyle Group by 21.0% in the 3rd quarter. Raymond James & Associates now owns 443,560 shares of the financial services provider’s stock valued at $13,378,000 after buying an additional 76,888 shares during the last quarter. Finally, Forsta AP Fonden bought a new position in The Carlyle Group in the 3rd quarter worth $2,904,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $41.06 on Monday. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 1.53. The business’s 50-day simple moving average is $45.75 and its 200-day simple moving average is $40.16. The Carlyle Group Inc. has a fifty-two week low of $25.20 and a fifty-two week high of $48.52.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.09. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The business’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period last year, the business earned $0.63 EPS. Research analysts anticipate that The Carlyle Group Inc. will post 3.94 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, May 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.41%. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. bought 190,000 shares of The Carlyle Group stock in a transaction that occurred on Thursday, February 8th. The stock was acquired at an average price of $12.95 per share, with a total value of $2,460,500.00. Following the acquisition, the insider now owns 1,066,189 shares of the company’s stock, valued at approximately $13,807,147.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Barclays dropped their target price on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a research report on Thursday. Citigroup lifted their target price on The Carlyle Group from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $48.00 price objective (down previously from $50.00) on shares of The Carlyle Group in a report on Thursday. TheStreet cut The Carlyle Group from a “b-” rating to a “c” rating in a research report on Wednesday, February 7th. Finally, Oppenheimer dropped their price objective on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and an average target price of $44.73.

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.