Carlyle Group Inc. $CG Shares Acquired by Allen Mooney & Barnes Investment Advisors LLC

Key Points

• Allen Mooney & Barnes Investment Advisors LLC increased its stake in Carlyle Group Inc. by 2.6%, owning 314,434 shares valued at approximately $16.16 million.
• Carlyle Group recently declared a quarterly dividend of $0.35, representing a 2.1% yield with a payout ratio of 40.94%.
• Analysts are generally positive about Carlyle Group, with a consensus rating of “Hold” and an average price target of $59.93.

Allen Mooney & Barnes Investment Advisors LLC lifted its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 314,434 shares of the financial services provider's stock after buying an additional 8,073 shares during the quarter. Carlyle Group makes up about 2.7% of Allen Mooney & Barnes Investment Advisors LLC's investment portfolio, making the stock its 9th largest holding. Allen Mooney & Barnes Investment Advisors LLC owned approximately 0.09% of Carlyle Group worth $16,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CG. Whipplewood Advisors LLC raised its stake in Carlyle Group by 5,100.0% during 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. Private Trust Co. NA boosted its holdings 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 buying an additional 321 shares in the last quarter. Geneos Wealth Management Inc. boosted its position 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 valued at $28,000 after purchasing an additional 574 shares during the period. 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 buying an additional 372 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Carlyle Group by 117.2% in the 1st quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider's stock worth $43,000 after purchasing an additional 525 shares during the period. Institutional investors and hedge funds own 55.88% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CG shares. Wells Fargo & Company increased their target price on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Evercore ISI increased their price target on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research report on Thursday, July 10th. Citigroup reissued an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 14th. Barclays reissued an "overweight" rating and issued a $74.00 price target (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Finally, Jefferies Financial Group upped 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 investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $59.93.

Carlyle Group Stock Down 1.1%

NASDAQ CG traded down $0.77 during mid-day trading on Friday, reaching $68.58. The stock had a trading volume of 886,171 shares, compared to its average volume of 2,794,399. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85. The company has a fifty day moving average price of $63.02 and a 200 day moving average price of $50.62. The stock has a market cap of $24.81 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.23 and a beta of 2.01. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, August 18th. Carlyle Group's dividend payout ratio (DPR) is 40.94%.

Insider Buying and Selling at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm's 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 transaction, the general counsel directly owned 753,255 shares in the company, valued at $48,381,568.65. This trade represents a 21.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 26.30% of the company's stock.

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.