Stephens Inc. AR Lowers Stock Position in Carlyle Group Inc. $CG

Stephens Inc. AR lessened its holdings in Carlyle Group Inc. (NASDAQ:CG) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,499 shares of the financial services provider’s stock after selling 600 shares during the quarter. Stephens Inc. AR’s holdings in Carlyle Group were worth $4,630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Carlyle Group by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock worth $1,058,929,000 after acquiring an additional 1,131,514 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Carlyle Group by 7.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider’s stock worth $297,613,000 after acquiring an additional 476,127 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Carlyle Group by 21.7% during the 1st quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider’s stock worth $118,684,000 after acquiring an additional 485,488 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Carlyle Group by 37.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,604,610 shares of the financial services provider’s stock worth $69,945,000 after acquiring an additional 441,276 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Carlyle Group by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,427,171 shares of the financial services provider’s stock worth $62,210,000 after acquiring an additional 20,970 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Activity at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company’s stock in a transaction 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 directly owned 753,255 shares in the company, valued at $48,381,568.65. This represents a 21.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 26.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CG shares. JMP Securities upped 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. BMO Capital Markets started coverage on Carlyle Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $74.00 target price on the stock. Citigroup reduced their target price on Carlyle Group from $75.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Jefferies Financial Group upped their target price on Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. Finally, Barclays reaffirmed an “overweight” rating and issued a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $63.64.

Carlyle Group Trading Down 0.3%

Shares of CG opened at $58.09 on Wednesday. The stock has a fifty day moving average of $63.34 and a two-hundred day moving average of $53.61. 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 company has a market capitalization of $21.01 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 1.23 and a beta of 2.00. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, August 18th. Carlyle Group’s dividend payout ratio is presently 40.94%.

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.