Lbp Am Sa Buys New Shares in Carlyle Group Inc. $CG

Key Points

• Lbp Am Sa has acquired a new stake in Carlyle Group, purchasing 94,089 shares valued at approximately $4.8 million during the second quarter.
• Multiple analysts have raised their price targets for Carlyle Group, with JMP Securities setting a new target of $75.00, while the overall average price target now stands at $59.93.
• Carlyle Group recently announced a quarterly dividend of $0.35 per share, representing an annualized yield of 2.3%, with a payout ratio of 40.94%.

Lbp Am Sa bought a new stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 94,089 shares of the financial services provider's stock, valued at approximately $4,836,000.

A number of other institutional investors also recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new position in shares of Carlyle Group during the 2nd quarter valued at $4,609,000. Augustine Asset Management Inc. raised its holdings in Carlyle Group by 2.2% during the second quarter. Augustine Asset Management Inc. now owns 63,290 shares of the financial services provider's stock worth $3,253,000 after buying an additional 1,379 shares during the last quarter. Investment Partners Asset Management Inc. acquired a new position in Carlyle Group during the second quarter worth $233,000. Bank Pictet & Cie Europe AG acquired a new position in Carlyle Group during the second quarter worth $218,000. Finally, TD Private Client Wealth LLC raised its holdings in Carlyle Group by 53.7% during the second quarter. TD Private Client Wealth LLC now owns 15,480 shares of the financial services provider's stock worth $796,000 after buying an additional 5,411 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Wall Street Analysts Forecast Growth

CG has been the topic of several research reports. JMP Securities upped 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. Jefferies Financial Group upped their price objective 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. Citigroup restated an "outperform" rating on shares of Carlyle Group in a report on Thursday, August 14th. Evercore ISI increased their target price on shares of Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a report on Thursday, July 10th. Finally, Barclays reiterated an "overweight" rating and issued a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Carlyle Group currently has an average rating of "Hold" and an average price target of $59.93.

Carlyle Group Stock Performance

NASDAQ CG opened at $60.78 on Thursday. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $69.85. The company has a 50-day simple moving average of $64.01 and a 200 day simple moving average of $52.00. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market capitalization of $21.98 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.14 and a beta of 2.00.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, August 18th. Carlyle Group's dividend payout ratio (DPR) is 40.94%.

Insider Transactions at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm's stock in a transaction dated 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 completion of the sale, the general counsel owned 753,255 shares in the company, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company 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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