Carlyle Group Inc. $CG Shares Purchased by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its position in Carlyle Group Inc. by 8.5%, acquiring an additional 6,000 shares, bringing its total holdings to 76,800 shares worth approximately $3.95 million.
• Research analysts have raised their price targets for Carlyle Group shares, with ratings ranging from "Buy" to "Hold" and a consensus target price of approximately $60.87.
• Carlyle Group recently paid a $0.35 per share quarterly dividend, translating to an annualized dividend of $1.40 and an estimated yield of 2.5%.

KLP Kapitalforvaltning AS increased its position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 8.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,800 shares of the financial services provider's stock after acquiring an additional 6,000 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Carlyle Group were worth $3,948,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Private Trust Co. NA lifted its position in Carlyle Group by 101.9% in the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock valued at $28,000 after buying an additional 321 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock valued at $28,000 after buying an additional 574 shares during the last quarter. National Pension Service lifted its position in Carlyle Group by 74.8% in 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 during the last quarter. Ameritas Advisory Services LLC acquired a new position in Carlyle Group in the second quarter valued at about $38,000. Finally, Farther Finance Advisors LLC lifted its position in Carlyle Group by 117.2% in the first quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider's stock valued at $43,000 after buying an additional 525 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Jefferies Financial Group upped their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a research report on Wednesday, August 13th. Barclays reissued an "overweight" rating and set a $74.00 price target (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. JMP Securities increased their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 14th. Wells Fargo & Company increased their price target on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Finally, 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. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Carlyle Group has a consensus rating of "Hold" and a consensus target price of $60.87.

Insider Buying and Selling at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company'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 sale, the general counsel directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.30% of the company's stock.

Carlyle Group Stock Down 5.0%

CG stock opened at $56.13 on Friday. The company's 50 day moving average price is $63.87 and its 200 day moving average price is $52.79. 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 fifty-two week low of $33.02 and a fifty-two week high of $69.85. The firm has a market capitalization of $20.30 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.23 and a beta of 2.00.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 18th. Carlyle Group's dividend payout ratio is presently 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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