State of Alaska Department of Revenue Sells 770 Shares of Carlyle Group Inc. $CG

State of Alaska Department of Revenue lessened its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,950 shares of the financial services provider’s stock after selling 770 shares during the quarter. State of Alaska Department of Revenue’s holdings in Carlyle Group were worth $1,231,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Private Trust Co. NA increased 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 valued at $28,000 after purchasing an additional 321 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 574 shares in the last quarter. National Pension Service increased its stake in Carlyle Group by 74.8% during the 1st quarter. National Pension Service now owns 869 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 372 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Carlyle Group by 117.2% during the 1st quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 525 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its stake in Carlyle Group by 104.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,020 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 520 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Performance

CG opened at $63.48 on Friday. 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 company has a market cap of $22.96 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 1.15 and a beta of 2.00. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $69.85. The firm’s fifty day simple moving average is $63.99 and its two-hundred day simple moving average is $52.33.

Carlyle Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research note on Saturday, September 27th. 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. JMP Securities increased their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a report on Thursday, August 14th. Finally, Wells Fargo & Company increased their price target on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.87.

Insider Buying and Selling at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm’s stock in a transaction dated 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 transaction, the general counsel directly 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate 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.