Galvin Gaustad & Stein LLC Makes New $7.76 Million Investment in Carlyle Group Inc. $CG

Key Points

• Galvin Gaustad & Stein LLC has made a new investment of approximately $7.76 million in Carlyle Group Inc., acquiring 150,960 shares in the second quarter.
• Several institutional investors have increased their stakes in Carlyle Group, with ownership among these investors currently at 55.88% of the company's stock.
• Carlyle Group's recent stock performance includes a 52-week high of $69.85 and a dividend of $0.35, leading to an annualized yield of 2.4%.

Galvin Gaustad & Stein LLC bought a new stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 150,960 shares of the financial services provider's stock, valued at approximately $7,759,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA raised its holdings in shares of Carlyle Group by 101.9% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after purchasing an additional 321 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock worth $28,000 after purchasing an additional 574 shares in the last quarter. National Pension Service raised its holdings in shares of Carlyle Group by 74.8% in the 1st quarter. National Pension Service now owns 869 shares of the financial services provider's stock worth $38,000 after purchasing an additional 372 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Carlyle Group in the 2nd quarter worth approximately $38,000. Finally, Farther Finance Advisors LLC raised 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 worth $43,000 after purchasing an additional 525 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of research reports. BMO Capital Markets started coverage on shares of Carlyle Group in a report on Friday, October 3rd. They issued an "outperform" rating and a $74.00 target price on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Carlyle Group in a research report on Wednesday. Citigroup reissued an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 14th. JMP Securities lifted their target price on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 14th. Finally, Jefferies Financial Group lifted their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $60.87.

Insider Transactions at Carlyle Group

In related 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 completion of the sale, the general counsel directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 26.30% of the company's stock.

Carlyle Group Stock Performance

Shares of CG opened at $59.10 on Friday. The company's 50 day moving average price is $63.92 and its 200 day moving average price is $52.73. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85. The company has a market capitalization of $21.38 billion, a PE ratio of 17.28, a PEG ratio of 1.26 and a beta of 2.00. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24.

Carlyle Group Dividend Announcement

The firm also recently disclosed 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 was Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.4%. Carlyle Group's dividend payout ratio is currently 40.94%.

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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