Bank Pictet & Cie Europe AG Makes New Investment in Carlyle Group Inc. $CG

Key Points

• Bank Pictet & Cie Europe AG has acquired a new position in Carlyle Group Inc., purchasing 4,250 shares valued at approximately $218,000 in the 2nd quarter.
• Multiple hedge funds have increased their stakes in Carlyle Group, with TD Private Client Wealth LLC raising its position by 53.7%.
• Carlyle Group has received analyst upgrades, with JMP Securities raising its target price from $70.00 to $75.00, reflecting a positive outlook for the company.

Bank Pictet & Cie Europe AG acquired a new position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,250 shares of the financial services provider's stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. TD Private Client Wealth LLC raised its stake in shares of Carlyle Group by 53.7% in the second quarter. TD Private Client Wealth LLC now owns 15,480 shares of the financial services provider's stock valued at $796,000 after acquiring an additional 5,411 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Carlyle Group by 20.4% during the second quarter. Public Employees Retirement System of Ohio now owns 81,195 shares of the financial services provider's stock valued at $4,173,000 after buying an additional 13,781 shares during the period. Revisor Wealth Management LLC purchased a new position in shares of Carlyle Group during the second quarter valued at approximately $181,000. Bfsg LLC boosted its position in shares of Carlyle Group by 3.0% during the second quarter. Bfsg LLC now owns 7,345 shares of the financial services provider's stock valued at $378,000 after buying an additional 215 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Carlyle Group by 28.4% during the second quarter. GAMMA Investing LLC now owns 8,042 shares of the financial services provider's stock valued at $413,000 after buying an additional 1,778 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.

Analyst Upgrades and Downgrades

CG has been the subject of several recent analyst reports. JMP Securities boosted their target price on Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a research report on Thursday, August 14th. Citigroup restated an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 14th. Evercore ISI boosted their target price on Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a research report on Thursday, July 10th. Jefferies Financial Group boosted their target price 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, Barclays reiterated an "overweight" rating and issued a $74.00 price target (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $59.93.

Insider Buying and Selling

In related 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 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 $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 26.30% of the stock is owned by company insiders.

Carlyle Group Stock Up 0.5%

Shares of NASDAQ CG opened at $63.99 on Friday. 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 capitalization of $23.15 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 1.16 and a beta of 2.01. The stock has a 50 day moving average price of $63.85 and a 200 day moving average price of $51.56. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $69.85.

Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. Carlyle Group's payout ratio is 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.

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