Robertson Stephens Wealth Management LLC Makes New Investment in Carlyle Group Inc. $CG

Robertson Stephens Wealth Management LLC purchased a new stake in Carlyle Group Inc. (NASDAQ:CG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,749 shares of the financial services provider’s stock, valued at approximately $244,000.

Other large investors also recently made changes to their positions in the company. Private Trust Co. NA increased its stake in shares of 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 during the period. Geneos Wealth Management Inc. increased its stake in shares of Carlyle Group by 755.3% in the first 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. Ameritas Advisory Services LLC acquired a new stake in shares of Carlyle Group in the second quarter valued at approximately $38,000. National Pension Service increased its stake in shares of Carlyle Group by 74.8% in the first quarter. National Pension Service now owns 869 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 372 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Carlyle Group by 117.2% in the first quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 525 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Transactions at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm’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 transaction, the general counsel 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 this hyperlink. Company insiders own 26.30% of the company’s stock.

Carlyle Group Trading Down 5.0%

Carlyle Group stock opened at $56.13 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a market cap of $20.30 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.17 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 firm’s 50 day moving average price is $63.87 and its two-hundred day moving average price is $52.90.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were given a $0.35 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.40 annualized dividend and a yield of 2.5%. Carlyle Group’s payout ratio is 40.94%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CG shares. BMO Capital Markets began coverage on shares of Carlyle Group in a research note on Friday, October 3rd. They set an “outperform” rating and a $74.00 price objective on the stock. Jefferies Financial Group boosted their target price on Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a report on Wednesday, August 13th. Citigroup reissued an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 14th. JMP Securities boosted their target price on Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a report on Thursday, August 14th. Finally, Evercore ISI boosted their target price on Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a report on Thursday, July 10th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $60.87.

Carlyle Group 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.