Retirement Systems of Alabama Increases Position in Carlyle Group Inc. $CG

Retirement Systems of Alabama boosted its holdings in Carlyle Group Inc. (NASDAQ:CG) by 1.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 260,420 shares of the financial services provider’s stock after purchasing an additional 3,570 shares during the quarter. Retirement Systems of Alabama’s holdings in Carlyle Group were worth $13,386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CG. Teacher Retirement System of Texas purchased a new stake in shares of Carlyle Group during the first quarter valued at approximately $1,481,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Carlyle Group by 105.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,929 shares of the financial services provider’s stock valued at $476,000 after buying an additional 5,611 shares during the last quarter. Private Trust Co. NA grew 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 valued at $28,000 after buying an additional 321 shares during the last quarter. Catalyst Capital Advisors LLC grew its holdings in shares of Carlyle Group by 83.3% during the first quarter. Catalyst Capital Advisors LLC now owns 11,000 shares of the financial services provider’s stock valued at $479,000 after buying an additional 5,000 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Carlyle Group during the second quarter valued at approximately $236,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Down 5.7%

CG opened at $53.32 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $69.85. The company has a market capitalization of $19.29 billion, a PE ratio of 15.59, a PEG ratio of 1.22 and a beta of 2.00. The firm’s 50 day simple moving average is $62.32 and its two-hundred day simple moving average is $54.85.

Insiders Place Their Bets

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the 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 transaction, the general counsel directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 26.30% of the company’s stock.

Analysts Set New Price Targets

CG has been the topic of a number of recent analyst reports. Barclays reiterated an “overweight” rating and set a $74.00 price target (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Citigroup dropped their target price on shares of Carlyle Group from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, October 8th. JMP Securities raised their target price on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a report on Thursday, August 14th. Finally, Wells Fargo & Company raised their target price on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Carlyle Group currently has a consensus rating of “Hold” and a consensus target price of $64.69.

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.