Amundi Sells 920,075 Shares of Carlyle Group Inc. $CG

Key Points

• Amundi has reduced its stake in Carlyle Group Inc. by 38.9%, now owning $62.95 million worth of shares after selling 920,075 shares during the first quarter.
• Analysts have generally rated Carlyle Group positively, with several raising price targets and six out of 15 analysts issuing a Buy rating, while the consensus target price is set at $59.93.
• The firm recently announced a quarterly dividend of $0.35, translating to an annualized yield of 2.2%, with a payout ratio of 40.94%.

Amundi trimmed its stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 38.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,444,156 shares of the financial services provider's stock after selling 920,075 shares during the quarter. Amundi owned 0.40% of Carlyle Group worth $62,951,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Carlyle Group by 3.5% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider's stock valued at $277,000 after purchasing an additional 215 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Carlyle Group by 28.6% during the first quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 236 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Carlyle Group by 6.2% during the fourth quarter. Tidal Investments LLC now owns 5,219 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 306 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of Carlyle Group by 6.5% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,147 shares of the financial services provider's stock valued at $224,000 after purchasing an additional 314 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings 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 in the last quarter. 55.88% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. JMP Securities increased their target price on Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a report on Thursday, August 14th. Evercore ISI increased their target price on Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a report on Thursday, July 10th. 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 report on Wednesday, August 13th. Finally, Citigroup reissued an "outperform" rating on shares of Carlyle Group in a report 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 MarketBeat.com, Carlyle Group currently has a consensus rating of "Hold" and an average target price of $59.93.

Carlyle Group Stock Performance

CG traded down $0.80 during midday trading on Friday, reaching $66.60. The company had a trading volume of 1,402,111 shares, compared to its average volume of 2,412,145. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. The business has a 50-day moving average of $62.13 and a two-hundred day moving average of $50.11. The company 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. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $68.20.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. Carlyle Group's dividend payout ratio (DPR) is presently 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.