Partners Group Holding AG Reduces Position in Carlyle Group Inc. (NASDAQ:CG)

Key Points

• Partners Group Holding AG has reduced its stake in Carlyle Group Inc. by 10%, owning 306,496 shares after selling 34,027 shares, valued at approximately $13.36 million.
• General Counsel Jeffrey W. Ferguson sold over 202,000 shares at an average price of $64.23, representing a 21.2% decrease in his ownership.
• Multiple brokerages have recently upgraded their ratings for Carlyle Group, with target prices ranging from $49.00 to $75.00, highlighting an overall positive outlook on the stock.

Partners Group Holding AG decreased its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 10.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 306,496 shares of the financial services provider's stock after selling 34,027 shares during the period. Partners Group Holding AG owned 0.08% of Carlyle Group worth $13,360,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Main Street Group LTD purchased a new stake in shares of Carlyle Group in the fourth quarter valued at $29,000. Whipplewood Advisors LLC grew its position in shares of Carlyle Group by 5,100.0% in the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 561 shares during the period. LRI Investments LLC purchased a new stake in shares of Carlyle Group in the fourth quarter valued at $32,000. Private Trust Co. NA grew its position in shares of Carlyle Group by 101.9% in the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 321 shares during the period. Finally, National Pension Service grew its position in shares of Carlyle Group by 74.8% in the first quarter. National Pension Service now owns 869 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 372 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.

Insider Transactions at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company'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 completion of the sale, the general counsel directly owned 753,255 shares in the company, valued at $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 26.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CG. Wells Fargo & Company lifted their target price on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. TD Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a report on Wednesday, May 14th. Citigroup reiterated an "outperform" rating on shares of Carlyle Group in a report on Thursday. JMP Securities set a $75.00 target price on Carlyle Group and gave the company a "market outperform" rating in a report on Thursday. Finally, Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $59.60.

Carlyle Group Stock Down 1.6%

NASDAQ:CG opened at $63.86 on Friday. The firm has a market capitalization of $23.10 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 1.19 and a beta of 1.90. The stock has a 50 day moving average of $56.15 and a 200-day moving average of $48.45. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $65.97. The company has a current ratio of 2.24, a quick ratio of 2.36 and a debt-to-equity ratio of 1.52.

Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors 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 of this dividend is Monday, August 18th. Carlyle Group's dividend payout ratio is 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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