Carlyle Group Inc. $CG Position Reduced by Hoertkorn Richard Charles

Key Points

• Hoertkorn Richard Charles reduced its position in Carlyle Group Inc. by 16.7% during the second quarter, now holding 20,000 shares valued at approximately $1,028,000.
• General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group stock, representing a 21.20% decrease in his ownership, with a total transaction value of over $13 million.
• Various institutional investors and hedge funds have increased their stakes in Carlyle Group, with 55.88% of the company’s stock now being held by these investors.

Hoertkorn Richard Charles reduced its position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 16.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,000 shares of the financial services provider's stock after selling 4,000 shares during the quarter. Hoertkorn Richard Charles' holdings in Carlyle Group were worth $1,028,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC grew its holdings in Carlyle Group by 5,100.0% during the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock worth $25,000 after acquiring an additional 561 shares during the period. Private Trust Co. NA boosted its position in shares of Carlyle Group by 101.9% during the 1st 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 in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock worth $28,000 after purchasing an additional 574 shares in the last quarter. National Pension Service lifted its stake in Carlyle Group by 74.8% during the first quarter. National Pension Service now owns 869 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 372 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Carlyle Group by 117.2% during the first quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider's stock worth $43,000 after buying an additional 525 shares in the last quarter. 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 Carlyle Group 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 owned 753,255 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 26.30% of the company's stock.

Carlyle Group Stock Performance

CG stock opened at $66.60 on Friday. The firm has a 50 day simple moving average of $62.13 and a 200 day simple moving average of $50.11. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $68.20. The stock has a market cap of $24.09 billion, a P/E ratio of 19.47, a P/E/G ratio of 1.23 and a beta of 2.01. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders 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 dividend yield of 2.1%. Carlyle Group's dividend payout ratio is 40.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CG shares. Wells Fargo & Company boosted their target price on Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Jefferies Financial Group boosted their price objective on Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. Evercore ISI raised their target price on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a report on Thursday, July 10th. Barclays restated 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. Finally, JMP Securities raised their price objective on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 14th. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $59.93.

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.

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