Synovus Financial Corp Sells 658 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Synovus Financial Corp trimmed its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 4.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,709 shares of the financial services provider’s stock after selling 658 shares during the period. Synovus Financial Corp’s holdings in The Carlyle Group were worth $633,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CG. Tobam purchased a new position in shares of The Carlyle Group during the second quarter valued at approximately $27,000. Blue Trust Inc. lifted its holdings in shares of The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 643 shares during the last quarter. Brooklyn Investment Group purchased a new position in shares of The Carlyle Group during the third quarter valued at approximately $33,000. Rothschild Investment LLC purchased a new position in shares of The Carlyle Group during the second quarter valued at approximately $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,600 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

Insider Activity

In other The Carlyle Group news, 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 transaction, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Carlyle Group Inc. sold 92,905 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $2.27, for a total transaction of $210,894.35. Following the transaction, the insider now directly owns 3,155,461 shares of the company’s stock, valued at $7,162,896.47. This trade represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,171,556 shares of company stock valued at $29,222,475 in the last 90 days. Company insiders own 27.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CG shares. Evercore ISI boosted their price objective on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, December 8th. Oppenheimer boosted their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Keefe, Bruyette & Woods boosted their price objective 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. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and a consensus price target of $54.00.

The Carlyle Group Trading Down 1.9 %

Shares of CG stock opened at $51.78 on Wednesday. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year high of $55.11. The firm has a fifty day moving average price of $51.43 and a 200-day moving average price of $45.20. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The company has a market cap of $18.52 billion, a price-to-earnings ratio of 178.55, a PEG ratio of 1.45 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. During the same quarter in the previous year, the firm posted $0.87 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities analysts predict that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Monday, November 18th. The Carlyle Group’s payout ratio is 482.76%.

The Carlyle Group Company 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.