Carlyle Group Inc. $CG Position Increased by Bfsg LLC

Bfsg LLC boosted its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 3.0% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 7,345 shares of the financial services provider’s stock after buying an additional 215 shares during the period. Bfsg LLC’s holdings in Carlyle Group were worth $378,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC lifted its stake in Carlyle Group by 5,100.0% during the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 561 shares during the period. Private Trust Co. NA grew its holdings in Carlyle Group by 101.9% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 321 shares during the period. Geneos Wealth Management Inc. grew its holdings in Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 574 shares during the period. National Pension Service grew its holdings in shares of Carlyle Group by 74.8% in the 1st quarter. National Pension Service now owns 869 shares of the financial services provider’s stock valued at $38,000 after buying an additional 372 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Carlyle Group by 117.2% in the 1st quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider’s stock valued at $43,000 after buying an additional 525 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

Carlyle Group Stock Performance

Carlyle Group stock opened at $67.20 on Wednesday. The firm’s 50 day simple moving average is $63.58 and its 200 day simple moving average is $51.15. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $24.31 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.23 and a beta of 2.01. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $69.85.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, August 18th. Carlyle Group’s dividend payout ratio (DPR) is 40.94%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CG. Jefferies Financial Group increased their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a research note on Wednesday, August 13th. Evercore ISI increased their target price on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a research report on Thursday, July 10th. Barclays restated an “overweight” rating and issued a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. JMP Securities raised their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a research note on Thursday, August 14th. Finally, Wells Fargo & Company lifted their target price on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. Six analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $59.93.

Insider Activity at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total value of $13,013,383.38. Following the completion of the sale, the general counsel directly owned 753,255 shares of the company’s stock, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 26.30% of the company’s stock.

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.