Carlyle Group Inc. $CG Shares Sold by Equitable Trust Co.

Key Points

• Equitable Trust Co. significantly reduced its stake in Carlyle Group Inc. by 92.6%, selling 81,579 shares and leaving it with only 6,482 shares valued at $333,000.
• Institutional investors control 55.88% of Carlyle Group's stock, with firms like Vanguard and Citigroup increasing their holdings during the first quarter.
• Analysts have mixed views on Carlyle Group, with seven analysts rating it as a Buy and one as a Sell, reflecting varying expectations for the stock's future performance.

Equitable Trust Co. lowered its holdings in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 92.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,482 shares of the financial services provider's stock after selling 81,579 shares during the quarter. Equitable Trust Co.'s holdings in Carlyle Group were worth $333,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CG. Vanguard Group Inc. lifted its holdings in Carlyle Group by 4.9% in the first quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider's stock valued at $1,058,929,000 after acquiring an additional 1,131,514 shares during the period. Citigroup Inc. lifted its holdings in Carlyle Group by 484.4% in the first quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider's stock valued at $27,176,000 after acquiring an additional 516,761 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Carlyle Group by 21.7% during the 1st quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider's stock worth $118,684,000 after buying an additional 485,488 shares during the last quarter. Nuveen LLC acquired a new position in shares of Carlyle Group during the 1st quarter worth $20,793,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Carlyle Group by 7.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider's stock worth $297,613,000 after buying an additional 476,127 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on CG shares. Citigroup cut their price target on Carlyle Group from $75.00 to $74.00 and set a "buy" rating for the company in a research note on Monday. BMO Capital Markets initiated coverage on Carlyle Group in a research note on Friday, October 3rd. They set an "outperform" rating and a $74.00 price target for the company. Jefferies Financial Group lifted their price objective on Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlyle Group in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price objective 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. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $61.47.

Insider Buying and Selling

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group 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 sale, the general counsel owned 753,255 shares in the company, valued at $48,381,568.65. The trade was a 21.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 26.30% of the stock is owned by company insiders.

Carlyle Group Stock Down 0.3%

CG opened at $59.40 on Thursday. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 1.26 and a beta of 2.00. The business has a 50-day moving average of $63.75 and a two-hundred day moving average of $53.09. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were issued a $0.35 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.40 annualized dividend and a yield of 2.4%. Carlyle Group's payout ratio is 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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