Janney Montgomery Scott LLC Decreases Stock Position in Carlyle Group Inc. $CG

Janney Montgomery Scott LLC reduced its stake in Carlyle Group Inc. (NASDAQ:CG) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,030 shares of the financial services provider’s stock after selling 310 shares during the period. Janney Montgomery Scott LLC’s holdings in Carlyle Group were worth $3,754,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Sound Income Strategies LLC bought a new stake in Carlyle Group during the second quarter valued at $4,609,000. Augustine Asset Management Inc. increased its holdings in Carlyle Group by 2.2% during the 2nd quarter. Augustine Asset Management Inc. now owns 63,290 shares of the financial services provider’s stock valued at $3,253,000 after purchasing an additional 1,379 shares during the period. Investment Partners Asset Management Inc. purchased a new position in Carlyle Group during the 2nd quarter valued at about $233,000. Bank Pictet & Cie Europe AG bought a new stake in Carlyle Group during the 2nd quarter valued at approximately $218,000. Finally, TD Private Client Wealth LLC boosted its position in shares of Carlyle Group by 53.7% in the 2nd quarter. TD Private Client Wealth LLC now owns 15,480 shares of the financial services provider’s stock worth $796,000 after purchasing an additional 5,411 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Insider Buying and Selling at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the 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 completion of the sale, the general counsel owned 753,255 shares in the company, valued at approximately $48,381,568.65. This represents a 21.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 26.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Carlyle Group Price Performance

NASDAQ:CG opened at $61.61 on Wednesday. The firm’s fifty day moving average is $63.98 and its two-hundred day moving average is $52.58. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85. The firm has a market cap of $22.28 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.32 and a beta of 2.00.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 18th. Carlyle Group’s dividend payout ratio is presently 40.94%.

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.