DMC Group LLC Sells 1,426 Shares of Carlyle Group Inc. $CG

DMC Group LLC lessened its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 18.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,389 shares of the financial services provider’s stock after selling 1,426 shares during the period. DMC Group LLC’s holdings in Carlyle Group were worth $328,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in shares of Carlyle Group by 101.9% during the first 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. raised its stake in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 574 shares during the period. National Pension Service boosted its position in shares of Carlyle Group by 74.8% during the first 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 period. Ameritas Advisory Services LLC acquired a new stake in Carlyle Group in the 2nd quarter valued at approximately $38,000. Finally, Farther Finance Advisors LLC lifted 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 valued at $43,000 after acquiring an additional 525 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CG. Barclays reiterated an “overweight” rating and issued a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Evercore ISI boosted their price target 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. Citigroup reaffirmed an “outperform” rating on shares of Carlyle Group in a research report on Thursday, August 14th. Jefferies Financial Group increased their price target on Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a research report on Saturday, September 27th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Carlyle Group has an average rating of “Hold” and an average target price of $60.87.

Insider Activity at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business’s stock in a transaction that occurred on 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 owned 753,255 shares in the company, valued at $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 26.30% of the company’s stock.

Carlyle Group Stock Performance

CG opened at $61.61 on Wednesday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. The stock has a market cap of $22.28 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.32 and a beta of 2.00. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $69.85. The business has a 50 day moving average of $63.98 and a 200-day moving average of $52.58.

Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.3%. Carlyle Group’s dividend payout ratio is presently 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.