Tredje AP fonden Has $1.85 Million Position in Carlyle Group Inc. $CG

Tredje AP fonden increased its position in Carlyle Group Inc. (NASDAQ:CG) by 111.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 36,007 shares of the financial services provider’s stock after acquiring an additional 18,989 shares during the period. Tredje AP fonden’s holdings in Carlyle Group were worth $1,851,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings 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 worth $28,000 after buying an additional 321 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after buying an additional 574 shares during the last quarter. National Pension Service boosted its position in Carlyle Group by 74.8% during the first 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 period. Ameritas Advisory Services LLC bought a new stake in Carlyle Group during the second quarter worth approximately $38,000. Finally, Brooklyn Investment Group boosted its position in Carlyle Group by 28.6% during the first quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 236 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CG. BMO Capital Markets began coverage on Carlyle Group in a research report on Friday, October 3rd. They set an “outperform” rating and a $74.00 target price for the company. Morgan Stanley upped their target price on Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Barclays reaffirmed an “overweight” rating and set a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Evercore ISI increased their price objective on Carlyle Group from $45.00 to $58.00 and gave the company an “in-line” rating in a research report on Thursday, July 10th. Finally, JMP Securities increased their price objective on Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a research report on Thursday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Carlyle Group has an average rating of “Hold” and an average price target of $64.69.

Insider Buying and Selling

In related 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 value of $13,013,383.38. Following the completion of the transaction, the general counsel directly owned 753,255 shares of the company’s stock, valued at $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 26.30% of the stock is currently owned by company insiders.

Carlyle Group Stock Down 5.7%

CG opened at $53.32 on Monday. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $69.85. 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 stock has a market capitalization of $19.29 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 1.22 and a beta of 2.00. The business has a 50 day moving average of $62.32 and a 200-day moving average of $54.99.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 10th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 10th. Carlyle Group’s dividend payout ratio (DPR) is 40.94%.

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.