Carlyle Group Inc. $CG Shares Sold by Franklin Street Advisors Inc. NC

Key Points

• Franklin Street Advisors Inc. reduced its stake in Carlyle Group by 3.7% during the second quarter, now holding 666,362 shares valued at approximately $34.25 million.
• Insider selling was reported as General Counsel Jeffrey W. Ferguson sold 202,606 shares for a total of about $13 million, decreasing his ownership by 21.20%.
• Carlyle Group recently declared a quarterly dividend of $0.35, with an annualized yield of 2.2% and a payout ratio of 40.94%.

Franklin Street Advisors Inc. NC trimmed its position in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 3.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 666,362 shares of the financial services provider's stock after selling 25,811 shares during the period. Carlyle Group makes up about 2.1% of Franklin Street Advisors Inc. NC's portfolio, making the stock its 13th largest holding. Franklin Street Advisors Inc. NC owned 0.18% of Carlyle Group worth $34,251,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CG. Vanguard Group Inc. lifted its position 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 worth $1,058,929,000 after purchasing an additional 1,131,514 shares during the period. Citigroup Inc. lifted its position in shares of Carlyle Group by 484.4% during the 1st 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 last quarter. Ameriprise Financial Inc. lifted its position 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 valued at $118,684,000 after acquiring an additional 485,488 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Carlyle Group during the 1st quarter valued at $20,793,000. Finally, Massachusetts Financial Services Co. MA lifted its position 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 valued at $297,613,000 after acquiring an additional 476,127 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total value of $13,013,383.38. Following the transaction, the general counsel directly owned 753,255 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 26.30% of the company's stock.

Carlyle Group Price Performance

CG opened at $63.48 on Friday. The stock has a fifty day moving average of $63.99 and a 200-day moving average of $52.27. The firm has a market capitalization of $22.96 billion, a P/E ratio of 18.56, a PEG ratio of 1.12 and a beta of 2.00. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $69.85. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52.

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 2.2%. Carlyle Group's dividend payout ratio is 40.94%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CG shares. Evercore ISI increased their price objective on Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a research report on Thursday, July 10th. Citigroup reiterated an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 14th. BMO Capital Markets assumed coverage on Carlyle Group in a research report on Friday. They set an "outperform" rating and a $74.00 price objective for the company. 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. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Carlyle Group in a report on Saturday, September 27th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $60.87.

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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