1,664 Shares in Carlyle Group Inc. $CG Purchased by Iron Horse Wealth Management LLC

Iron Horse Wealth Management LLC acquired a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,664 shares of the financial services provider’s stock, valued at approximately $86,000.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA lifted 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 purchasing an additional 321 shares in the last quarter. Geneos Wealth Management Inc. increased 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 acquiring an additional 574 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Carlyle Group in the 2nd quarter worth about $38,000. National Pension Service increased its stake in 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 acquiring an additional 372 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Carlyle Group by 117.2% in 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. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of research analyst reports. Evercore ISI upped their target price on Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a research note on Thursday, July 10th. Barclays restated an “overweight” rating and issued a $74.00 target price (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a report on Saturday, September 27th. BMO Capital Markets initiated coverage on Carlyle Group in a report on Friday. They issued an “outperform” rating and a $74.00 price objective for the company. Finally, JMP Securities upped their price objective on Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a report on Thursday, August 14th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Carlyle Group presently has an average rating of “Hold” and an average price target of $60.87.

Insiders Place Their Bets

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total transaction 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 represents a 21.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 26.30% of the stock is owned by corporate insiders.

Carlyle Group Trading Up 2.9%

Shares of CG stock opened at $63.48 on Friday. The stock has a market capitalization of $22.96 billion, a PE ratio of 18.56, a P/E/G ratio of 1.15 and a beta of 2.00. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $69.85. The business has a 50-day moving average of $63.99 and a 200 day moving average of $52.33. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24.

Carlyle Group Announces Dividend

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

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.