Fifth Third Bancorp Trims Stock Position in Carlyle Group Inc. $CG

Key Points

• Fifth Third Bancorp has reduced its stake in Carlyle Group Inc. by 7.9%, now owning 83,297 shares worth approximately $4.28 million as of its latest SEC filing.
• Several institutional investors have increased their positions in Carlyle Group, contributing to a total of 55.88% institutional ownership in the company.
• Equities analysts have generally upgraded their price targets for Carlyle Group, with a consensus target price set at $59.93 and a majority rating of "Hold".

Fifth Third Bancorp trimmed its stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 7.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,297 shares of the financial services provider's stock after selling 7,183 shares during the period. Fifth Third Bancorp's holdings in Carlyle Group were worth $4,281,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CG. Revisor Wealth Management LLC purchased a new stake in Carlyle Group in the second quarter worth about $181,000. Bfsg LLC grew its stake in Carlyle Group by 3.0% in the second quarter. Bfsg LLC now owns 7,345 shares of the financial services provider's stock worth $378,000 after purchasing an additional 215 shares during the period. GAMMA Investing LLC lifted its position in Carlyle Group by 28.4% during the second quarter. GAMMA Investing LLC now owns 8,042 shares of the financial services provider's stock valued at $413,000 after buying an additional 1,778 shares during the period. Park Avenue Securities LLC grew its position in shares of Carlyle Group by 12.2% in the 2nd quarter. Park Avenue Securities LLC now owns 12,682 shares of the financial services provider's stock worth $652,000 after buying an additional 1,379 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in Carlyle Group by 18.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,150 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 177 shares during the period. 55.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CG shares. Wells Fargo & Company raised their target price on shares of Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Evercore ISI increased their target price on Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research note on Thursday, July 10th. Citigroup reiterated an "outperform" rating on shares of Carlyle Group in a research note on Thursday, August 14th. JMP Securities boosted their price objective on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a "market outperform" rating in a report on Thursday, August 14th. Finally, Jefferies Financial Group upped their price target on Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. Six investment 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's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $59.93.

Carlyle Group Stock Performance

CG opened at $63.65 on Friday. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $69.85. The company has a market cap of $23.02 billion, a price-to-earnings ratio of 18.61, a PEG 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. The company's 50 day moving average is $63.77 and its 200 day moving average is $51.40.

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, August 18th. Carlyle Group's dividend payout ratio (DPR) is currently 40.94%.

Insider Transactions at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company's 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. This represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 26.30% of the company's stock.

Carlyle Group Company 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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