Louisiana State Employees Retirement System Acquires 800 Shares of Carlyle Group Inc. $CG

Louisiana State Employees Retirement System boosted its holdings in Carlyle Group Inc. (NASDAQ:CG) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,900 shares of the financial services provider’s stock after purchasing an additional 800 shares during the period. Louisiana State Employees Retirement System’s holdings in Carlyle Group were worth $3,079,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CG. Private Trust Co. NA lifted its stake in Carlyle Group by 101.9% in the first 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 last quarter. Geneos Wealth Management Inc. increased its stake 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 worth $28,000 after purchasing an additional 574 shares during the last quarter. National Pension Service increased its stake 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 worth $38,000 after purchasing an additional 372 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Carlyle Group during the 2nd quarter worth about $38,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Carlyle Group by 117.2% during the 1st quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 525 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Insider Transactions at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business’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 completion of the sale, the general counsel owned 753,255 shares of the company’s stock, valued at $48,381,568.65. The trade was a 21.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 26.30% of the stock is owned by corporate insiders.

Carlyle Group Stock Performance

NASDAQ CG opened at $59.10 on Friday. 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 $21.38 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.26 and a beta of 2.00. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $69.85. The firm has a 50-day moving average price of $63.92 and a two-hundred day moving average price of $52.73.

Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.4%. Carlyle Group’s payout ratio is currently 40.94%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CG. Citigroup restated an “outperform” rating on shares of Carlyle Group in a research note on Thursday, August 14th. Evercore ISI boosted their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a research note on Thursday, July 10th. JMP Securities boosted their price objective on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 14th. BMO Capital Markets began coverage on shares of Carlyle Group in a report on Friday, October 3rd. They set an “outperform” rating and a $74.00 target price for the company. Finally, Barclays reaffirmed an “overweight” rating and set a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $60.87.

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.