Carlyle Group Inc. $CG Stock Position Reduced by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S sold 28,097 shares of Carlyle Group Inc., reducing its stake by 76.2%, leaving it with 8,791 shares valued at $383,000.
• Vanguard Group Inc. increased its holdings in Carlyle Group by 4.9%, now owning over 24 million shares valued at approximately $1.06 billion.
• Carlyle Group recently announced a quarterly dividend of $0.35 per share, with an annualized dividend yield of 2.2%.

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 76.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,791 shares of the financial services provider's stock after selling 28,097 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Carlyle Group were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new position in Carlyle Group in the first quarter valued at $1,481,000. Wealth Enhancement Advisory Services LLC increased its stake in 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 worth $476,000 after acquiring an additional 5,611 shares during the last quarter. Private Trust Co. NA increased its stake in Carlyle Group by 101.9% during the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after acquiring an additional 321 shares during the last quarter. Bessemer Group Inc. increased its stake in Carlyle Group by 247.7% during the first quarter. Bessemer Group Inc. now owns 1,217 shares of the financial services provider's stock worth $53,000 after acquiring an additional 867 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its stake in 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 worth $479,000 after acquiring an additional 5,000 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Citigroup restated an "outperform" rating on shares of Carlyle Group in a research note on Thursday, August 14th. Barclays restated an "overweight" rating and set a $74.00 price target (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Keefe, Bruyette & Woods upped their price target on Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. TD Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group increased 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. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Carlyle Group presently has a consensus rating of "Hold" and a consensus price target of $59.93.

Insider Buying and Selling

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction dated Tuesday, August 12th. The stock was 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 represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 26.30% of the company's stock.

Carlyle Group Stock Down 0.1%

Shares of CG stock traded down $0.09 during trading hours on Friday, reaching $64.33. The company had a trading volume of 259,045 shares, compared to its average volume of 2,820,795. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $65.97. The company has a market capitalization of $23.27 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 1.18 and a beta of 1.90. The stock's fifty day simple moving average is $59.15 and its 200 day simple moving average is $49.05.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were issued 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 dividend payout ratio is currently 40.94%.

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.