Kestra Advisory Services LLC Lowers Holdings in Carlyle Group Inc. $CG

Key Points

• Kestra Advisory Services LLC reduced its stake in Carlyle Group by 63.5%, selling 36,138 shares and now holding 20,728 shares valued at $904,000.
• Despite Kestra's sell-off, other investors like Brooklyn Investment Group and Dynamic Advisor Solutions increased their holdings, indicating mixed investor sentiment around Carlyle Group.
• Carlyle Group has a quarterly dividend of $0.35 per share, resulting in an annualized yield of 2.2% and a dividend payout ratio of 40.94%.

Kestra Advisory Services LLC lessened its stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 63.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,728 shares of the financial services provider's stock after selling 36,138 shares during the period. Kestra Advisory Services LLC's holdings in Carlyle Group were worth $904,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CG. Whipplewood Advisors LLC grew its position in shares of 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 during the period. Private Trust Co. NA grew its position in shares of Carlyle Group by 101.9% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 321 shares during the period. Main Street Group LTD bought a new stake in shares of Carlyle Group during the 4th quarter valued at $29,000. LRI Investments LLC bought a new stake in shares of Carlyle Group during the 4th quarter valued at $32,000. Finally, National Pension Service grew its position in shares of Carlyle Group by 74.8% during the 1st quarter. National Pension Service now owns 869 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 372 shares during the period. Institutional investors own 55.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CG shares. JMP Securities boosted their price objective on shares of Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a research report on Thursday, August 14th. Barclays reissued an "overweight" rating and set a $74.00 price objective (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Keefe, Bruyette & Woods upped their target price on shares of Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Evercore ISI raised their price target on Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a report on Thursday, July 10th. Finally, TD Cowen raised Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price target on the stock in a report on Wednesday, May 14th. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $59.93.

Carlyle Group Stock Down 1.8%

Shares of CG stock traded down $1.18 during trading hours on Friday, reaching $63.75. 3,094,622 shares of the company's stock were exchanged, compared to its average volume of 2,442,645. The stock's 50 day moving average is $60.98 and its 200-day moving average is $49.55. The company has a market cap of $23.06 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 1.16 and a beta of 2.01. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $65.97.

Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were given a dividend of $0.35 per share. 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 presently 40.94%.

Insider Activity

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business's stock in a transaction 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 of the company's stock, valued at $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 26.30% of the company's stock.

About Carlyle Group

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.