Kerusso Capital Management LLC Acquires 4,095 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Kerusso Capital Management LLC increased its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 6.4% during the third quarter, HoldingsChannel reports. The firm owned 67,621 shares of the financial services provider’s stock after buying an additional 4,095 shares during the period. The Carlyle Group comprises 1.9% of Kerusso Capital Management LLC’s portfolio, making the stock its 25th biggest holding. Kerusso Capital Management LLC’s holdings in The Carlyle Group were worth $2,912,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. National Bank of Canada FI grew its position in The Carlyle Group by 58.8% during the first quarter. National Bank of Canada FI now owns 404,036 shares of the financial services provider’s stock valued at $18,953,000 after buying an additional 149,612 shares during the period. Concurrent Investment Advisors LLC bought a new position in shares of The Carlyle Group in the first quarter worth approximately $627,000. Capital Group Private Client Services Inc. purchased a new position in shares of The Carlyle Group during the 1st quarter valued at $3,021,000. Cetera Investment Advisers boosted its holdings in The Carlyle Group by 292.1% in the 1st quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock worth $1,574,000 after buying an additional 25,002 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in The Carlyle Group by 182.1% during the second quarter. Assenagon Asset Management S.A. now owns 387,332 shares of the financial services provider’s stock valued at $15,551,000 after acquiring an additional 250,021 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 133,643 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $2.51, for a total transaction of $335,443.93. Following the transaction, the insider now owns 4,767,697 shares in the company, valued at approximately $11,966,919.47. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 1,676,014 shares of company stock valued at $3,687,196. 27.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their target price on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. JMP Securities reissued a “market outperform” rating and set a $60.00 price objective on shares of The Carlyle Group in a report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price objective on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $52.87.

The Carlyle Group Stock Performance

Shares of CG traded down $0.02 during trading hours on Friday, reaching $52.33. 3,324,443 shares of the company traded hands, compared to its average volume of 2,332,326. The stock has a market capitalization of $18.65 billion, a P/E ratio of 180.45, a P/E/G ratio of 1.25 and a beta of 1.70. 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 business has a fifty day moving average price of $45.62 and a 200-day moving average price of $43.46. The Carlyle Group Inc. has a 12-month low of $29.29 and a 12-month high of $54.52.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The Carlyle Group’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 earnings per share. Equities analysts anticipate that The Carlyle Group Inc. will post 3.71 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.68%. The ex-dividend date is Monday, November 18th. The Carlyle Group’s dividend payout ratio (DPR) is 482.76%.

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.