Northern Trust Corp Sells 9,931 Shares of Carlyle Group Inc. $CG

Key Points

• Northern Trust Corp decreased its stake in Carlyle Group by 0.5%, selling 9,931 shares and holding approximately 0.61% of the company valued at $95.7 million.
• Institutional investors collectively own 55.88% of Carlyle Group's stock, with various large investors increasing their positions in the fourth quarter.
• Analysts have raised their target prices for Carlyle Group, with a consensus target of $59.60 and several analysts giving the stock a "buy" rating.

Northern Trust Corp decreased its position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 0.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,195,250 shares of the financial services provider's stock after selling 9,931 shares during the quarter. Northern Trust Corp owned approximately 0.61% of Carlyle Group worth $95,691,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG bought a new stake in shares of Carlyle Group during the fourth quarter worth about $215,000. NewEdge Advisors LLC boosted its position in Carlyle Group by 87.4% during the 4th quarter. NewEdge Advisors LLC now owns 9,278 shares of the financial services provider's stock worth $468,000 after buying an additional 4,327 shares during the period. First Trust Advisors LP grew its holdings in Carlyle Group by 22.6% during the 4th quarter. First Trust Advisors LP now owns 41,530 shares of the financial services provider's stock worth $2,097,000 after acquiring an additional 7,649 shares during the last quarter. MML Investors Services LLC raised its stake in shares of Carlyle Group by 52.7% during the fourth quarter. MML Investors Services LLC now owns 26,097 shares of the financial services provider's stock valued at $1,318,000 after acquiring an additional 9,012 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Carlyle Group by 0.7% during the fourth quarter. Stifel Financial Corp now owns 182,419 shares of the financial services provider's stock worth $9,210,000 after purchasing an additional 1,267 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company'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 transaction, the general counsel 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 Securities & Exchange Commission, which is accessible through this link. Company insiders own 26.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Evercore ISI raised their target price on Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research report on Thursday, July 10th. Cowen raised Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Barclays reaffirmed an "overweight" rating and issued a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Wells Fargo & Company increased 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 report on Friday, July 11th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. Seven 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. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $59.60.

Carlyle Group Price Performance

Shares of CG opened at $64.71 on Friday. The firm has a market cap of $23.41 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 1.18 and a beta of 1.90. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $65.97. The business's 50 day moving average price is $57.74 and its two-hundred day moving average price is $48.69. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Monday, August 18th will be 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 is Monday, August 18th. Carlyle Group's dividend payout ratio (DPR) is presently 40.94%.

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.

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