Royal Bank of Canada Reduces Position in Carlyle Group Inc. $CG

Royal Bank of Canada trimmed its holdings in Carlyle Group Inc. (NASDAQ:CG) by 11.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 326,222 shares of the financial services provider’s stock after selling 42,153 shares during the quarter. Royal Bank of Canada owned 0.09% of Carlyle Group worth $14,219,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. AG raised its holdings in Carlyle Group by 3.5% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 215 shares during the last quarter. Brooklyn Investment Group boosted its position in Carlyle Group by 28.6% in the 1st quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider’s stock valued at $46,000 after buying an additional 236 shares during the period. Tidal Investments LLC boosted its position in Carlyle Group by 6.2% in the 4th 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 period. Dynamic Advisor Solutions LLC lifted its position in shares of Carlyle Group by 6.5% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,147 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 314 shares during the last quarter. Finally, Private Trust Co. NA raised its stake 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 acquiring an additional 321 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on CG shares. Wells Fargo & Company lifted their price objective on shares of Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. 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. Jefferies Financial Group upped their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. Evercore ISI upped their price target on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a research report on Thursday, July 10th. Finally, JMP Securities increased their price objective on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 14th. Six analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.93.

Carlyle Group Stock Up 3.1%

CG stock opened at $65.61 on Thursday. The stock has a market cap of $23.73 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 1.16 and a beta of 2.01. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. The firm’s 50-day simple moving average is $61.67 and its 200 day simple moving average is $49.86. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $65.97.

Carlyle Group Dividend Announcement

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 transaction of $13,013,383.38. Following the completion of the sale, the general counsel directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 26.30% of the stock is currently owned by insiders.

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.