Mirae Asset Global Investments Co. Ltd. Reduces Holdings in Carlyle Group Inc. $CG

Key Points

• Mirae Asset Global Investments has reduced its holdings in Carlyle Group by 36.5%, now owning 18,168 shares valued at approximately $934,000 after selling 10,433 shares.
• Several other institutional investors have increased their stakes in Carlyle Group, with Private Trust Co. NA lifting holdings by 101.9% in the first quarter.
• Carlyle Group recently announced a quarterly dividend of $0.35, translating to an annualized yield of 2.4% and a payout ratio of 40.94%.

Mirae Asset Global Investments Co. Ltd. decreased its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 36.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,168 shares of the financial services provider's stock after selling 10,433 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Carlyle Group were worth $934,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA lifted its holdings in Carlyle Group by 101.9% during 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. lifted its holdings 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 purchasing an additional 574 shares in the last quarter. National Pension Service lifted its holdings 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 purchasing an additional 372 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Carlyle Group by 117.2% during 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. Finally, Golden State Wealth Management LLC lifted its holdings in Carlyle Group by 104.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,020 shares of the financial services provider's stock worth $44,000 after purchasing an additional 520 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

Insider Activity at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business'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 sale, the general counsel directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 26.30% of the company's stock.

Carlyle Group Price Performance

Shares of Carlyle Group stock opened at $59.10 on Friday. The stock's 50-day simple moving average is $63.92 and its 200-day simple moving average 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 price-to-earnings ratio of 17.28, a PEG ratio of 1.26 and a beta of 2.00. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, August 18th. Carlyle Group's payout ratio is currently 40.94%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CG. JMP Securities raised their price target on Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a report on Thursday, August 14th. Evercore ISI raised their price target on Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a report on Thursday, July 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carlyle Group in a report on Wednesday. Barclays reaffirmed 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, Wells Fargo & Company increased their price objective on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $60.87.

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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