Wealth Enhancement Advisory Services LLC Has $1.21 Million Stock Position in Carlyle Group Inc. $CG

Wealth Enhancement Advisory Services LLC grew its stake in Carlyle Group Inc. (NASDAQ:CG) by 98.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,638 shares of the financial services provider’s stock after purchasing an additional 10,709 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Carlyle Group were worth $1,205,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CG. Wellington Management Group LLP increased its position in shares of Carlyle Group by 4.1% in the 4th quarter. Wellington Management Group LLP now owns 8,664 shares of the financial services provider’s stock valued at $437,000 after buying an additional 344 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Carlyle Group by 4,898.1% in the 1st quarter. GAMMA Investing LLC now owns 273,048 shares of the financial services provider’s stock valued at $11,902,000 after buying an additional 267,585 shares in the last quarter. Whipplewood Advisors LLC increased its position in shares of Carlyle Group by 5,100.0% in the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider’s stock valued at $25,000 after buying an additional 561 shares in the last quarter. Wedmont Private Capital increased its position in shares of Carlyle Group by 28.3% in the 1st quarter. Wedmont Private Capital now owns 5,635 shares of the financial services provider’s stock valued at $246,000 after buying an additional 1,244 shares in the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of Carlyle Group by 36.4% in the 1st quarter. Park Avenue Securities LLC now owns 11,303 shares of the financial services provider’s stock valued at $493,000 after buying an additional 3,015 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on CG shares. Wells Fargo & Company upped 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 report on Friday, July 11th. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 14th. Barclays reiterated an “overweight” rating and set a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. JMP Securities increased their target price on Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a report on Thursday, August 14th. Finally, Evercore ISI increased their target price on Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a report on Thursday, July 10th. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $59.93.

Carlyle Group Price Performance

CG stock opened at $62.70 on Wednesday. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85. The stock has a market capitalization of $22.68 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.18 and a beta of 2.01. The company’s 50-day moving average is $64.01 and its 200-day moving average is $51.93.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, August 18th. Carlyle Group’s dividend payout ratio is currently 40.94%.

Insider Transactions at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction 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 approximately $48,381,568.65. This represents a 21.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 26.30% of the company’s stock.

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.