Teacher Retirement System of Texas Raises Holdings in Carlyle Group Inc. $CG

Teacher Retirement System of Texas raised its stake in Carlyle Group Inc. (NASDAQ:CG) by 4.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,635 shares of the financial services provider’s stock after purchasing an additional 1,654 shares during the quarter. Teacher Retirement System of Texas’ holdings in Carlyle Group were worth $1,832,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CG. DAVENPORT & Co LLC grew its stake in Carlyle Group by 27.8% in the first quarter. DAVENPORT & Co LLC now owns 11,973 shares of the financial services provider’s stock worth $522,000 after purchasing an additional 2,607 shares in the last quarter. Private Trust Co. NA grew its position in Carlyle Group by 101.9% in 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. Principal Financial Group Inc. boosted its holdings in shares of Carlyle Group by 0.3% in the first quarter. Principal Financial Group Inc. now owns 485,841 shares of the financial services provider’s stock valued at $21,178,000 after acquiring an additional 1,674 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in Carlyle Group by 1.9% during the first quarter. IFM Investors Pty Ltd now owns 46,829 shares of the financial services provider’s stock worth $2,016,000 after buying an additional 884 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Carlyle Group by 14.4% during the first quarter. Envestnet Asset Management Inc. now owns 557,575 shares of the financial services provider’s stock worth $24,305,000 after buying an additional 70,156 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Price Performance

Shares of NASDAQ CG opened at $51.81 on Tuesday. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The firm has a fifty day simple moving average of $62.08 and a 200 day simple moving average of $55.11. 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 capitalization of $18.74 billion, a PE ratio of 15.15, a P/E/G ratio of 1.22 and a beta of 2.00.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 2.7%. Carlyle Group’s payout ratio is presently 40.94%.

Insider Buying and Selling at Carlyle Group

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

Analysts Set New Price Targets

Several equities research analysts recently commented on CG shares. Evercore ISI reduced their price target on shares of Carlyle Group from $64.00 to $57.00 and set an “in-line” rating for the company in a research report on Monday. BMO Capital Markets assumed coverage on shares of Carlyle Group in a research report on Friday, October 3rd. They set an “outperform” rating and a $74.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, October 8th. JMP Securities upped their target price on shares of 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, JPMorgan Chase & Co. decreased their price objective on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $67.36.

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.