IFM Investors Pty Ltd Has $2.50 Million Stock Position in Carlyle Group Inc. $CG

IFM Investors Pty Ltd grew its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 5.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,590 shares of the financial services provider’s stock after acquiring an additional 2,645 shares during the quarter. IFM Investors Pty Ltd’s holdings in Carlyle Group were worth $2,498,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Moody National Bank Trust Division boosted its position in Carlyle Group by 1.9% during the 2nd quarter. Moody National Bank Trust Division now owns 28,505 shares of the financial services provider’s stock worth $1,465,000 after acquiring an additional 534 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Carlyle Group by 98.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 21,638 shares of the financial services provider’s stock valued at $1,205,000 after buying an additional 10,709 shares during the last quarter. Wedmont Private Capital boosted its holdings in shares of Carlyle Group by 3.5% in the 2nd quarter. Wedmont Private Capital now owns 5,831 shares of the financial services provider’s stock valued at $332,000 after buying an additional 196 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Carlyle Group in the 2nd quarter valued at approximately $308,000. Finally, Mirador Capital Partners LP acquired a new stake in shares of Carlyle Group in the 2nd quarter valued at approximately $218,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business’s stock in a transaction dated 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 transaction, the general counsel owned 753,255 shares of the company’s stock, valued at $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 26.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup reissued an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 14th. Evercore ISI increased their price objective on Carlyle Group from $45.00 to $58.00 and gave the company an “in-line” rating in a report on Thursday, July 10th. Wells Fargo & Company raised 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. JMP Securities raised their price target on Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a report on Thursday, August 14th. Finally, Jefferies Financial Group raised their price target on Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a report on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.93.

Carlyle Group Stock Down 0.6%

CG stock opened at $67.79 on Tuesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.24 and a beta of 2.01. The business’s fifty day moving average price is $63.39 and its two-hundred day moving average price is $51.04. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, August 18th. Carlyle Group’s payout ratio is 40.94%.

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.