Benjamin Edwards Inc. Has $728,000 Stake in Carlyle Group Inc. (NASDAQ:CG)

Benjamin Edwards Inc. cut its holdings in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 27.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,696 shares of the financial services provider's stock after selling 6,376 shares during the period. Benjamin Edwards Inc.'s holdings in Carlyle Group were worth $728,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Main Street Group LTD acquired a new position in shares of Carlyle Group during the fourth quarter valued at about $29,000. Whipplewood Advisors LLC raised its holdings in Carlyle Group by 5,100.0% in the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 561 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Carlyle Group in the 4th quarter worth approximately $32,000. Private Trust Co. NA increased its position 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 purchasing an additional 321 shares during the period. Finally, Johnson Financial Group Inc. bought a new position in Carlyle Group in the fourth quarter worth $48,000. Institutional investors and hedge funds own 55.88% of the company's stock.

Insider Activity

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 transaction of $13,013,383.38. Following the completion of the sale, the general counsel directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 26.30% of the company's stock.

Carlyle Group Stock Up 1.0%

NASDAQ:CG opened at $65.43 on Thursday. The stock's fifty day moving average price is $55.40 and its two-hundred day moving average price is $48.34. The company has a market cap of $23.67 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 1.18 and a beta of 1.90. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $65.97. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.36 and a current ratio of 2.24.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Monday, August 18th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, August 18th. Carlyle Group's dividend payout ratio (DPR) is 40.94%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JMP Securities increased their price objective on shares of Carlyle Group from $58.00 to $70.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. Keefe, Bruyette & Woods upped their target price on shares of Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. TD Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price target for the company in a research note on Wednesday, May 14th. Evercore ISI increased 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. Finally, Cowen raised Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $58.88.

Carlyle Group Company 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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