Farther Finance Advisors LLC Increases Stock Holdings in Carlyle Group Inc. $CG

Farther Finance Advisors LLC lifted its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 18.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,150 shares of the financial services provider’s stock after buying an additional 177 shares during the quarter. Farther Finance Advisors LLC’s holdings in Carlyle Group were worth $59,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Teacher Retirement System of Texas acquired a new stake in Carlyle Group during the 1st quarter valued at approximately $1,481,000. Wealth Enhancement Advisory Services LLC increased its holdings in Carlyle Group by 105.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,929 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 5,611 shares during the last quarter. Private Trust Co. NA increased its holdings 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 purchasing an additional 321 shares during the last quarter. Bessemer Group Inc. increased its holdings in Carlyle Group by 247.7% during the 1st quarter. Bessemer Group Inc. now owns 1,217 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 867 shares during the last quarter. Finally, Catalyst Capital Advisors LLC increased its holdings in Carlyle Group by 83.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 11,000 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 5,000 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business’s stock in a transaction 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 transaction, the general counsel owned 753,255 shares of the company’s stock, valued at approximately $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 26.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CG shares. Jefferies Financial Group lifted their price objective on Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a report on Wednesday, August 13th. Wells Fargo & Company lifted their price objective on Carlyle Group from $49.00 to $61.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Evercore ISI raised their price objective on 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 raised their price objective on Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 14th. Finally, Barclays restated an “overweight” rating and set a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Carlyle Group has a consensus rating of “Hold” and an average price target of $60.87.

Carlyle Group Stock Performance

Shares of CG opened at $63.48 on Monday. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85. The company has a market cap of $22.96 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.15 and a beta of 2.00. 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 firm has a fifty day moving average of $63.99 and a 200-day moving average of $52.39.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. 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.