D.A. Davidson & CO. Sells 2,400 Shares of Carlyle Group Inc. $CG

D.A. Davidson & CO. reduced its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 8.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,872 shares of the financial services provider’s stock after selling 2,400 shares during the period. D.A. Davidson & CO.’s holdings in Carlyle Group were worth $1,278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA grew its position in shares of 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 acquiring an additional 321 shares during the period. Geneos Wealth Management Inc. grew its position in shares of 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 acquiring an additional 574 shares during the period. National Pension Service grew its position in shares of 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 acquiring an additional 372 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Carlyle Group during the 2nd quarter valued at approximately $38,000. Finally, Golden State Wealth Management LLC grew its position in shares of 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 acquiring an additional 520 shares during the period. 55.88% of the stock is owned by institutional investors.

Carlyle Group Stock Down 0.4%

Shares of NASDAQ:CG opened at $58.22 on Tuesday. The firm has a fifty day moving average price of $62.83 and a two-hundred day moving average price of $54.30. 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 one year low of $33.02 and a one year high of $69.85. The company has a market cap of $21.06 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.24 and a beta of 2.00.

Wall Street Analyst Weigh In

CG has been the subject of several analyst reports. Morgan Stanley raised their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. JMP Securities raised their price objective 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. Barclays reaffirmed an “overweight” rating and issued a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Evercore ISI raised their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a report on Thursday, July 10th. Finally, BMO Capital Markets initiated coverage on shares of Carlyle Group in a report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price objective for the company. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $64.69.

Insider Buying and Selling

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm’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 sale, the general counsel owned 753,255 shares in the company, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 26.30% of the stock is currently owned by insiders.

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.