5,363 Shares in Carlyle Group Inc. $CG Purchased by Cassaday & Co Wealth Management LLC

Cassaday & Co Wealth Management LLC acquired a new position in Carlyle Group Inc. (NASDAQ:CG) during the 2nd quarter, Holdings Channel reports. The fund acquired 5,363 shares of the financial services provider’s stock, valued at approximately $276,000.

Several other institutional investors and hedge funds have also made changes to their positions in CG. Vanguard Group Inc. boosted its position in shares of 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 buying an additional 1,131,514 shares in the last quarter. Citigroup Inc. boosted its position in shares of Carlyle Group by 484.4% in the 1st quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider’s stock worth $27,176,000 after buying an additional 516,761 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of 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 worth $118,684,000 after buying an additional 485,488 shares in the last quarter. Nuveen LLC acquired a new position in Carlyle Group in the 1st quarter valued at about $20,793,000. Finally, Massachusetts Financial Services Co. MA raised its stake in Carlyle Group by 7.5% in the 1st 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 during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Trading Down 1.3%

NASDAQ CG opened at $51.16 on Wednesday. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85. The company has a 50-day moving average of $61.81 and a 200-day moving average of $55.21. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap of $18.50 billion, a P/E ratio of 14.96, a P/E/G ratio of 1.22 and a beta of 2.00.

Carlyle Group Dividend Announcement

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

Insider Activity

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business’s stock in a transaction dated 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 sale, the general counsel owned 753,255 shares in the company, valued at approximately $48,381,568.65. The trade was a 21.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 26.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on CG shares. Keefe, Bruyette & Woods cut their target price on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their target price on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Monday. Barclays reissued an “overweight” rating and issued a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Finally, BMO Capital Markets started coverage on shares of Carlyle Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $74.00 target price for the company. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Carlyle Group has a consensus rating of “Hold” and a consensus price target of $67.36.

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.