Polaris Capital Management LLC Sells 26,200 Shares of Carlyle Group Inc. $CG

Polaris Capital Management LLC reduced its stake in Carlyle Group Inc. (NASDAQ:CG) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 627,700 shares of the financial services provider’s stock after selling 26,200 shares during the quarter. Carlyle Group makes up approximately 2.1% of Polaris Capital Management LLC’s investment portfolio, making the stock its 19th biggest position. Polaris Capital Management LLC owned approximately 0.17% of Carlyle Group worth $32,264,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Carlyle Group by 4.9% during the first quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock valued at $1,058,929,000 after acquiring an additional 1,131,514 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Carlyle Group by 7.5% during the first 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 acquiring an additional 476,127 shares during the period. Ameriprise Financial Inc. raised its holdings in Carlyle Group by 21.7% during the first quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider’s stock valued at $118,684,000 after acquiring an additional 485,488 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Carlyle Group by 37.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,604,610 shares of the financial services provider’s stock valued at $69,945,000 after acquiring an additional 441,276 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Carlyle Group by 1.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,427,171 shares of the financial services provider’s stock valued at $62,210,000 after acquiring an additional 20,970 shares during the period. 55.88% of the stock is owned by institutional investors.

Insider Activity

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company’s stock in a transaction that occurred on 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 transaction, the general counsel owned 753,255 shares of the company’s stock, 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 filing with the SEC, which can be accessed through this link. 26.30% of the stock is owned by company insiders.

Carlyle Group Trading Up 2.9%

CG opened at $63.48 on Friday. The firm has a market cap of $22.96 billion, a P/E ratio of 18.56, a P/E/G ratio of 1.12 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 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 50-day moving average of $63.99 and a 200 day moving average of $52.27.

Carlyle Group Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on CG shares. JMP Securities raised their price target on Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a report on Thursday, August 14th. Wells Fargo & Company raised their price objective on Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Evercore ISI raised 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. Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a research report on Saturday, September 27th. Finally, Barclays restated an “overweight” rating and set a $74.00 price objective (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.