International Assets Investment Management LLC Invests $229,000 in Carlyle Group Inc. $CG

International Assets Investment Management LLC purchased a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,458 shares of the financial services provider’s stock, valued at approximately $229,000.

Other large investors have also modified their holdings of the company. Teacher Retirement System of Texas bought a new position in shares of Carlyle Group during the first quarter worth about $1,481,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Carlyle Group by 105.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,929 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 5,611 shares during the last quarter. Private Trust Co. NA grew its position in shares of Carlyle Group by 101.9% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock valued at $28,000 after buying an additional 321 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Carlyle Group by 247.7% during the 1st quarter. Bessemer Group Inc. now owns 1,217 shares of the financial services provider’s stock valued at $53,000 after buying an additional 867 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its position in shares of Carlyle Group by 83.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 11,000 shares of the financial services provider’s stock valued at $479,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

CG has been the subject of a number of recent research reports. Citigroup lowered their price objective on shares of Carlyle Group from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Morgan Stanley boosted their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday. Barclays reaffirmed an “overweight” rating and set a $74.00 price objective (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. JMP Securities boosted their target price 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, BMO Capital Markets began coverage on shares of Carlyle Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price target on the stock. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $64.69.

Insider Buying and Selling at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company’s stock in a transaction that occurred on 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 represents a 21.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 26.30% of the company’s stock.

Carlyle Group Trading Down 0.9%

Shares of NASDAQ:CG opened at $57.55 on Friday. The company has a 50 day moving average of $63.05 and a 200-day moving average of $53.78. The firm has a market cap of $20.82 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.23 and a beta of 2.00. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52.

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.