Carlyle Group Inc. $CG Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC reduced its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,012 shares of the financial services provider’s stock after selling 211 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Carlyle Group were worth $515,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CG. Vanguard Group Inc. raised its holdings in Carlyle Group by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock worth $1,058,929,000 after purchasing an additional 1,131,514 shares during the period. Citigroup Inc. grew its stake in Carlyle Group by 484.4% in the 1st quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider’s stock valued at $27,176,000 after acquiring an additional 516,761 shares during the period. Ameriprise Financial Inc. grew its stake in Carlyle Group by 21.7% in the 1st quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider’s stock valued at $118,684,000 after acquiring an additional 485,488 shares during the period. Nuveen LLC purchased a new position in Carlyle Group during the first quarter valued at $20,793,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Carlyle Group by 7.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider’s stock valued at $297,613,000 after purchasing an additional 476,127 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Buying and Selling at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the 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 completion of the transaction, the general counsel directly 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 26.30% of the company’s stock.

Carlyle Group Trading Up 2.9%

Shares of CG opened at $63.48 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $22.96 billion, a P/E ratio of 18.56, a P/E/G ratio of 1.12 and a beta of 2.00. The firm has a 50-day moving average price of $63.99 and a 200 day moving average price of $52.27. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $69.85.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were paid 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 yield of 2.2%. Carlyle Group’s dividend payout ratio (DPR) is 40.94%.

Wall Street Analyst Weigh In

CG has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a research report on Saturday, September 27th. JMP Securities lifted their price target 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. Citigroup restated an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 14th. Jefferies Financial Group raised their price objective on Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a report on Wednesday, August 13th. Finally, Barclays reiterated an “overweight” rating and issued a $74.00 target price (up from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $60.87.

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.