GAMMA Investing LLC Purchases 1,778 Shares of Carlyle Group Inc. $CG

GAMMA Investing LLC increased its holdings in Carlyle Group Inc. (NASDAQ:CG) by 28.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,042 shares of the financial services provider’s stock after buying an additional 1,778 shares during the period. GAMMA Investing LLC’s holdings in Carlyle Group were worth $413,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CG. JMP Securities increased their target price on Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a research note on Thursday, August 14th. Barclays reissued an “overweight” rating and set a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Wells Fargo & Company increased their price target on shares of Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Jefferies Financial Group boosted their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a report on Wednesday, August 13th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 14th. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Carlyle Group currently has a consensus rating of “Hold” and an average price target of $59.93.

Carlyle Group Price Performance

CG opened at $63.65 on Friday. The stock’s 50 day moving average price is $63.77 and its 200-day moving average price is $51.40. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $69.85. The stock has a market capitalization of $23.02 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.16 and a beta of 2.01. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24.

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. Carlyle Group’s payout ratio is presently 40.94%.

Insider Transactions at Carlyle Group

In other Carlyle Group 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 in the company, valued at $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 26.30% of the stock is currently owned by insiders.

About Carlyle Group

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.