Townsquare Capital LLC Makes New $364,000 Investment in Carlyle Group Inc. $CG

Key Points

• Townsquare Capital LLC has made a new investment of approximately $364,000 in Carlyle Group Inc., acquiring 8,357 shares in the first quarter of the year.
• Despite recent investments from various funds, insider selling has occurred, with General Counsel Jeffrey W. Ferguson selling over 202,000 shares, representing a 21.20% decrease in his position.
• The Carlyle Group has declared a quarterly dividend of $0.35, with an annualized yield of 2.2%, to be paid on August 28th to investors of record on August 18th.

Townsquare Capital LLC bought a new position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 8,357 shares of the financial services provider's stock, valued at approximately $364,000.

Other large investors also recently bought and sold shares of the company. Tidal Investments LLC grew its stake in shares of Carlyle Group by 6.2% during the fourth quarter. Tidal Investments LLC now owns 5,219 shares of the financial services provider's stock worth $264,000 after purchasing an additional 306 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in shares of Carlyle Group by 6.5% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,147 shares of the financial services provider's stock valued at $224,000 after acquiring an additional 314 shares during the last quarter. Private Trust Co. NA increased its holdings in shares of Carlyle Group by 101.9% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 321 shares during the last quarter. American Trust increased its holdings in shares of Carlyle Group by 6.8% in the 4th quarter. American Trust now owns 5,320 shares of the financial services provider's stock valued at $269,000 after acquiring an additional 340 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Carlyle Group by 4.1% in the fourth quarter. Wellington Management Group LLP now owns 8,664 shares of the financial services provider's stock valued at $437,000 after purchasing an additional 344 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

Insider Buying and Selling

In other 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 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 of the company's stock, valued at $48,381,568.65. This trade represents a 21.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.30% of the stock is currently owned by insiders.

Carlyle Group Stock Down 0.6%

CG stock opened at $63.45 on Tuesday. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $65.97. The stock has a market capitalization of $22.95 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 1.17 and a beta of 1.90. 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 company has a fifty day moving average of $56.49 and a 200-day moving average of $48.39.

Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Monday, August 18th will be given a $0.35 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. Carlyle Group's dividend payout ratio (DPR) is presently 40.94%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CG. Wells Fargo & Company upped their price target on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Keefe, Bruyette & Woods upped their target price on shares of Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Citigroup restated an "outperform" rating on shares of Carlyle Group in a research note on Thursday. Cowen raised Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, JMP Securities upped their target price on Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $59.60.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.