Carlyle Group Inc. $CG Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Carlyle Group Inc. (NASDAQ:CG) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,961 shares of the financial services provider’s stock after selling 2,653 shares during the period. Mutual of America Capital Management LLC’s holdings in Carlyle Group were worth $5,446,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its holdings in Carlyle Group by 18.2% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,150 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 177 shares in the last quarter. Wedmont Private Capital boosted its holdings in Carlyle Group by 3.5% in the 2nd quarter. Wedmont Private Capital now owns 5,831 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 196 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in Carlyle Group by 1.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 11,673 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 212 shares in the last quarter. B. Metzler seel. Sohn & Co. AG boosted its holdings in Carlyle Group by 3.5% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 215 shares in the last quarter. Finally, Bfsg LLC boosted its holdings in Carlyle Group by 3.0% in the 2nd quarter. Bfsg LLC now owns 7,345 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Price Performance

CG stock opened at $58.09 on Wednesday. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85. 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 stock’s 50 day moving average price is $63.34 and its 200 day moving average price is $53.61. The firm has a market cap of $21.01 billion, a P/E ratio of 16.99, a PEG ratio of 1.23 and a beta of 2.00.

Carlyle Group Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on CG shares. Wells Fargo & Company lifted their price objective on Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a report on Friday, July 11th. Jefferies Financial Group boosted their price target on Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, October 8th. Morgan Stanley boosted their price target on Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Barclays reissued an “overweight” rating and set a $74.00 price target (up previously from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Seven equities research 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. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $63.64.

Insiders Place Their Bets

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business’s 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 directly 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 legal filing with the SEC, which is accessible through this link. Company 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.