Strs Ohio Buys 2,590 Shares of Carlyle Group Inc. $CG

Strs Ohio boosted its holdings in Carlyle Group Inc. (NASDAQ:CG) by 8.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,570 shares of the financial services provider’s stock after purchasing an additional 2,590 shares during the quarter. Strs Ohio’s holdings in Carlyle Group were worth $1,623,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CG. Teacher Retirement System of Texas bought a new stake in shares of Carlyle Group during the 1st quarter worth $1,481,000. Private Trust Co. NA raised its stake 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 valued at $28,000 after acquiring an additional 321 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Carlyle Group in the 2nd quarter valued at about $236,000. DAVENPORT & Co LLC increased its position in shares of Carlyle Group by 27.8% during the first quarter. DAVENPORT & Co LLC now owns 11,973 shares of the financial services provider’s stock valued at $522,000 after buying an additional 2,607 shares during the period. Finally, Cerity Partners LLC increased its position in shares of Carlyle Group by 9.5% during the first quarter. Cerity Partners LLC now owns 78,019 shares of the financial services provider’s stock valued at $3,401,000 after buying an additional 6,743 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Price Performance

CG opened at $51.16 on Wednesday. The stock has a fifty day simple moving average of $61.81 and a two-hundred day simple moving average of $55.21. 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 company has a market cap of $18.50 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 1.22 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.

Carlyle Group Dividend Announcement

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

Wall Street Analyst Weigh In

CG has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, October 8th. Jefferies Financial Group upped their target price on Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a research note on Wednesday, August 13th. JMP Securities upped their target price 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. Morgan Stanley increased their price objective on Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 21st. Finally, TD Cowen dropped their price objective on Carlyle Group from $78.00 to $77.00 and set a “buy” rating for the company in a research note on Monday. Seven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Carlyle Group currently has a consensus rating of “Hold” and an average price target of $67.36.

Insider Transactions at Carlyle Group

In other Carlyle Group 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 value of $13,013,383.38. Following the completion of the transaction, the general counsel owned 753,255 shares in the company, valued at approximately $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 26.30% of the company’s stock.

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.