Segall Bryant & Hamill LLC Buys Shares of 13,000 The Carlyle Group Inc. (NASDAQ:CG)

Segall Bryant & Hamill LLC bought a new stake in The Carlyle Group Inc. (NASDAQ:CG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 13,000 shares of the financial services provider’s stock, valued at approximately $560,000.

Several other hedge funds have also recently bought and sold shares of CG. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of The Carlyle Group during the 3rd quarter valued at approximately $265,000. Whalen Wealth Management Inc. bought a new stake in shares of The Carlyle Group during the 3rd quarter valued at approximately $719,000. Quest Partners LLC grew its holdings in shares of The Carlyle Group by 41.3% during the 3rd quarter. Quest Partners LLC now owns 19,142 shares of the financial services provider’s stock valued at $824,000 after purchasing an additional 5,591 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of The Carlyle Group by 443.1% during the 3rd quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock valued at $6,789,000 after purchasing an additional 128,644 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of The Carlyle Group by 4.9% during the 3rd quarter. CIBC Asset Management Inc now owns 12,183 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 569 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction dated 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 $7,796,514.34. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,171,556 shares of company stock valued at $29,222,475. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Stock Up 1.6 %

Shares of NASDAQ CG opened at $53.65 on Monday. The firm has a market cap of $19.19 billion, a PE ratio of 185.00, a P/E/G ratio of 1.39 and a beta of 1.70. The Carlyle Group Inc. has a 12-month low of $32.09 and a 12-month high of $54.52. The company’s fifty day simple moving average is $48.30 and its 200 day simple moving average is $44.03. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping 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 business had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same period in the prior year, the firm earned $0.87 earnings per share. The Carlyle Group’s revenue was up 15.2% on a year-over-year basis. As a group, sell-side analysts forecast that The Carlyle Group Inc. will post 3.77 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Monday, November 18th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is 482.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of The Carlyle Group from $50.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Redburn Atlantic assumed coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They set a “buy” rating and a $55.00 target price on the stock. Keefe, Bruyette & Woods boosted their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Friday. Finally, Wells Fargo & Company boosted their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.33.

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.