Allianz Asset Management GmbH Has $426,000 Position in Carlyle Group Inc. $CG

Allianz Asset Management GmbH reduced its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 66.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,283 shares of the financial services provider’s stock after selling 16,717 shares during the period. Allianz Asset Management GmbH’s holdings in Carlyle Group were worth $426,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its position in Carlyle Group by 18.2% during the second quarter. Farther Finance Advisors LLC now owns 1,150 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 177 shares during the last quarter. Wedmont Private Capital boosted its position in Carlyle Group by 3.5% during the second quarter. Wedmont Private Capital now owns 5,831 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 196 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in Carlyle Group by 1.8% during the second quarter. Verdence Capital Advisors LLC now owns 11,673 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 212 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its stake in Carlyle Group by 3.5% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider’s stock valued at $277,000 after buying an additional 215 shares during the period. Finally, Bfsg LLC raised its stake in Carlyle Group by 3.0% in the second quarter. Bfsg LLC now owns 7,345 shares of the financial services provider’s stock valued at $378,000 after buying an additional 215 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total transaction of $13,013,383.38. Following the transaction, the general counsel owned 753,255 shares in the company, valued at $48,381,568.65. This trade represents a 21.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 26.30% of the stock is currently owned by company insiders.

Carlyle Group Price Performance

Carlyle Group stock opened at $58.22 on Tuesday. The stock’s fifty day moving average price is $62.83 and its two-hundred day moving average price is $54.30. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85. 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 firm has a market cap of $21.06 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 1.24 and a beta of 2.00.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup dropped their price objective on Carlyle Group from $75.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Jefferies Financial Group upped their price objective on Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. Evercore ISI upped their price objective on Carlyle Group from $45.00 to $58.00 and gave the company an “in-line” rating in a research note on Thursday, July 10th. 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 note on Thursday, August 14th. Finally, Barclays reiterated an “overweight” rating and set a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $64.69.

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.