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

A number of other large investors have also recently modified their holdings of the business. Whipplewood Advisors LLC increased its stake in shares of Carlyle Group by 5,100.0% in the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 561 shares in the last quarter. Private Trust Co. NA boosted its stake 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 worth $28,000 after buying an additional 321 shares during the period. Main Street Group LTD purchased a new position in Carlyle Group in the fourth quarter valued at about $29,000. LRI Investments LLC acquired a new stake in Carlyle Group during the fourth quarter worth approximately $32,000. Finally, National Pension Service lifted its holdings 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 in the last quarter. Institutional investors own 55.88% of the company's stock.

Insider Transactions at Carlyle Group

In related 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 value of $13,013,383.38. Following the sale, the general counsel directly owned 753,255 shares of the company's stock, valued at approximately $48,381,568.65. The trade was a 21.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 26.30% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on CG. Citigroup reaffirmed an "outperform" rating on shares of Carlyle Group in a research note on Thursday, August 14th. Keefe, Bruyette & Woods raised their target price on shares of Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Jefferies Financial Group boosted their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. TD Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective on the stock in a report on Wednesday, May 14th. Finally, Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $59.93.

Carlyle Group Stock Up 2.4%

Carlyle Group stock traded up $1.55 during mid-day trading on Thursday, hitting $64.93. 1,654,582 shares of the company's stock were exchanged, compared to its average volume of 2,503,250. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $65.97. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. The stock has a market cap of $23.49 billion, a P/E ratio of 18.99, a P/E/G ratio of 1.15 and a beta of 2.01. The stock has a 50 day moving average of $60.73 and a two-hundred day moving average of $49.52.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were issued 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 (DPR) is currently 40.94%.

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.