Carlyle Group Inc. $CG Position Trimmed by Royal Bank of Canada

Key Points

• The Royal Bank of Canada has reduced its stake in Carlyle Group Inc. by 11.4%, now holding 326,222 shares valued at approximately $14.2 million.
• Several hedge funds, including B. Metzler and Brooklyn Investment Group, have increased their positions in Carlyle Group, indicating a mixed sentiment among institutional investors.
• Carlyle Group's stock price target has been raised by multiple analysts, with a consensus average target price now around $59.93, reflecting overall positive market sentiment.

Royal Bank of Canada decreased its holdings in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 11.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 326,222 shares of the financial services provider's stock after selling 42,153 shares during the period. Royal Bank of Canada owned approximately 0.09% of Carlyle Group worth $14,219,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CG. B. Metzler seel. Sohn & Co. AG grew its holdings in Carlyle Group by 3.5% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider's stock worth $277,000 after acquiring an additional 215 shares in the last quarter. Brooklyn Investment Group lifted its position in shares of Carlyle Group by 28.6% during the first quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider's stock worth $46,000 after purchasing an additional 236 shares during the last quarter. Tidal Investments LLC increased its holdings in Carlyle Group by 6.2% in the fourth quarter. Tidal Investments LLC now owns 5,219 shares of the financial services provider's stock valued at $264,000 after buying an additional 306 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Carlyle Group by 6.5% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,147 shares of the financial services provider's stock valued at $224,000 after buying an additional 314 shares in the last quarter. Finally, 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 buying an additional 321 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Jefferies Financial Group upped their price target on Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a research report on Wednesday, August 13th. Citigroup reaffirmed an "outperform" rating on shares of Carlyle Group in a report on Thursday, August 14th. Evercore ISI increased their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research note on Thursday, July 10th. 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 research note on Friday, July 11th. Finally, Barclays reiterated an "overweight" rating and set a $74.00 price target (up from $66.00) on shares of Carlyle Group in a research 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 given a Sell rating to the company's stock. According to MarketBeat.com, Carlyle Group presently has a consensus rating of "Hold" and a consensus price target of $59.93.

Carlyle Group Price Performance

NASDAQ CG traded up $0.18 on Tuesday, reaching $66.98. 3,010,080 shares of the stock traded hands, compared to its average volume of 2,360,819. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $68.20. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 19.58, a P/E/G ratio of 1.22 and a beta of 2.01. The firm's fifty day simple moving average is $62.59 and its 200 day simple moving average is $50.36. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, August 18th. Carlyle Group's dividend payout ratio (DPR) is presently 40.94%.

Insider Activity at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total value of $13,013,383.38. Following the completion of the transaction, the general counsel owned 753,255 shares of the company's stock, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.