Mirador Capital Partners LP Acquires Shares of 4,243 Carlyle Group Inc. $CG

Key Points

• Mirador Capital Partners LP has acquired a new stake in Carlyle Group Inc., purchasing 4,243 shares valued at approximately $218,000.
• Several hedge funds, including the Teacher Retirement System of Texas and Bessemer Group Inc., have significantly increased their positions in Carlyle Group in recent months.
• Analysts have updated their price targets for Carlyle Group, with Jefferies Financial Group raising its target from $54.00 to $66.00, while Barclays set a new high target of $74.00.

Mirador Capital Partners LP purchased a new position in Carlyle Group Inc. (NASDAQ:CG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,243 shares of the financial services provider's stock, valued at approximately $218,000.

A number of other large investors also recently modified their holdings of the business. Whipplewood Advisors LLC raised 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 acquiring an additional 561 shares in the last quarter. Private Trust Co. NA grew its position in 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 in the last quarter. Geneos Wealth Management Inc. raised its position 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 acquiring an additional 574 shares in the last quarter. National Pension Service boosted its stake 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 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 first 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 during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CG shares. Wells Fargo & Company lifted their target price on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Citigroup reaffirmed an "outperform" rating on shares of Carlyle Group in a report on Thursday, August 14th. Evercore ISI raised their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a research note on Thursday, July 10th. Barclays reiterated an "overweight" rating and issued a $74.00 price target (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Finally, Jefferies Financial Group lifted 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. 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $59.93.

Carlyle Group Stock Performance

NASDAQ:CG traded down $1.18 during trading hours on Friday, reaching $68.17. The stock had a trading volume of 10,856,643 shares, compared to its average volume of 2,372,834. The stock has a 50 day simple moving average of $63.22 and a 200 day simple moving average of $50.81. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $69.85. 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 stock has a market cap of $24.66 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 1.24 and a beta of 2.01.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were issued a dividend of $0.35 per share. 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 2.1%. Carlyle Group's payout ratio is 40.94%.

Insider Activity at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business's stock in a transaction that occurred on 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 sale, the general counsel owned 753,255 shares of the company's stock, valued at $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 26.30% of the stock is owned by company insiders.

Carlyle Group 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.