897 Shares in Carlyle Group Inc. $CG Acquired by LRI Investments LLC

LRI Investments LLC bought a new stake in Carlyle Group Inc. (NASDAQ:CG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 897 shares of the financial services provider’s stock, valued at approximately $46,000.

A number of other hedge funds have also recently added to or reduced their stakes in CG. Farther Finance Advisors LLC lifted its holdings in shares of Carlyle Group by 18.2% during the second quarter. Farther Finance Advisors LLC now owns 1,150 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 177 shares during the period. Wedmont Private Capital raised its stake in Carlyle Group by 3.5% during the second quarter. Wedmont Private Capital now owns 5,831 shares of the financial services provider’s stock worth $332,000 after buying an additional 196 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its stake in Carlyle Group by 3.5% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider’s stock worth $277,000 after buying an additional 215 shares during the last quarter. Bfsg LLC raised its stake in Carlyle Group by 3.0% during the second quarter. Bfsg LLC now owns 7,345 shares of the financial services provider’s stock worth $378,000 after buying an additional 215 shares during the last quarter. Finally, Brooklyn Investment Group raised its stake 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 buying an additional 236 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CG. Jefferies Financial Group lifted their price target on shares of Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. BMO Capital Markets began coverage on shares of Carlyle Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price target for the company. Evercore ISI lifted their price target on shares of Carlyle Group from $45.00 to $58.00 and gave the company an “in-line” rating in a research note on Thursday, July 10th. Wells Fargo & Company boosted their target price on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Finally, Citigroup decreased their target price on shares of Carlyle Group from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Monday. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $61.47.

Carlyle Group Stock Up 4.0%

CG opened at $58.40 on Tuesday. The stock has a market cap of $21.12 billion, a price-to-earnings ratio of 17.08, a PEG ratio of 1.17 and a beta of 2.00. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. The company’s 50-day moving average price is $63.83 and its two-hundred day moving average price is $53.00. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.4%. Carlyle Group’s dividend payout ratio is presently 40.94%.

Insider Activity at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction on 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 transaction, the general counsel owned 753,255 shares of the company’s stock, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 26.30% of the company’s stock.

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.