Carlyle Group Inc. $CG Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in Carlyle Group Inc. by 26.8%, selling 5,012 shares and owning 13,724 shares valued at $705,000 by the end of Q2.
• Carlyle Group recently declared a quarterly dividend of $0.35 per share, amounting to an annualized $1.40 and a dividend yield of 2.5%.
• Analysts have mixed opinions on Carlyle Group, with a consensus rating of "Hold" and a price target of $61.47, while JMP Securities raised their target to $75.00.

US Bancorp DE decreased its stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 26.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,724 shares of the financial services provider's stock after selling 5,012 shares during the period. US Bancorp DE's holdings in Carlyle Group were worth $705,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA raised its position in Carlyle Group by 101.9% in the 1st 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 during the last quarter. Geneos Wealth Management Inc. raised its position in Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock worth $28,000 after buying an additional 574 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in Carlyle Group during the 2nd quarter worth $38,000. National Pension Service raised its position in Carlyle Group by 74.8% during the 1st quarter. National Pension Service now owns 869 shares of the financial services provider's stock worth $38,000 after buying an additional 372 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Carlyle Group by 117.2% in the 1st quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

Carlyle Group Trading Up 0.3%

NASDAQ CG opened at $57.14 on Friday. The company's fifty day simple moving average is $63.56 and its 200-day simple moving average is $53.32. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85. 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 $20.67 billion, a P/E ratio of 16.71, a PEG ratio of 1.21 and a beta of 2.00.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 18th. Carlyle Group's payout ratio is 40.94%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JMP Securities increased their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a report on Thursday, August 14th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carlyle Group in a research note on Wednesday, October 8th. Jefferies Financial Group raised their price target on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a research note on Wednesday, August 13th. Citigroup cut their price target on shares of Carlyle Group from $75.00 to $74.00 and set a "buy" rating on the stock in a research note on Monday, October 13th. Finally, Evercore ISI lifted their price target on shares of Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a research report on Thursday, July 10th. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $61.47.

Insider Activity

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group 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 completion of the sale, the general counsel owned 753,255 shares in the company, valued at approximately $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 accessible through this link. Company 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.

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