Franklin Street Advisors Inc. NC Has $34.25 Million Stock Holdings in Carlyle Group Inc. $CG

Franklin Street Advisors Inc. NC trimmed its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 3.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 666,362 shares of the financial services provider’s stock after selling 25,811 shares during the period. Carlyle Group comprises about 2.1% of Franklin Street Advisors Inc. NC’s portfolio, making the stock its 13th biggest holding. Franklin Street Advisors Inc. NC’s holdings in Carlyle Group were worth $34,251,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new position in Carlyle Group during the second quarter worth $38,000. LBP AM SA acquired a new position in Carlyle Group during the second quarter worth $4,836,000. Sound Income Strategies LLC acquired a new position in Carlyle Group during the second quarter worth $4,609,000. Augustine Asset Management Inc. increased its position in Carlyle Group by 2.2% during the second quarter. Augustine Asset Management Inc. now owns 63,290 shares of the financial services provider’s stock worth $3,253,000 after buying an additional 1,379 shares during the last quarter. Finally, Investment Partners Asset Management Inc. acquired a new position in Carlyle Group during the second quarter worth $233,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CG shares. Wells Fargo & Company upped their price target on shares of Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a report on Friday, July 11th. Evercore ISI upped their price target on shares of Carlyle Group from $45.00 to $58.00 and gave the company an “in-line” rating in a report on Thursday, July 10th. Citigroup restated an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 14th. JMP Securities upped their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a report on Thursday, August 14th. Finally, BMO Capital Markets started coverage on shares of Carlyle Group in a report on Friday. They set an “outperform” rating and a $74.00 price target for the company. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Carlyle Group presently has an average rating of “Hold” and a consensus target price of $60.87.

Carlyle Group Stock Up 2.9%

NASDAQ CG opened at $63.48 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a 50-day simple moving average of $63.99 and a 200 day simple moving average of $52.27. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The stock has a market cap of $22.96 billion, a PE ratio of 18.56, a PEG ratio of 1.12 and a beta of 2.00.

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, August 18th. Carlyle Group’s dividend payout ratio (DPR) is presently 40.94%.

Insider Buying and Selling at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were 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 owned 753,255 shares in the company, 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 at this link. Insiders own 26.30% of the company’s stock.

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.