Bleakley Financial Group LLC Sells 1,388 Shares of Carlyle Group Inc. $CG

Bleakley Financial Group LLC decreased its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,283 shares of the financial services provider’s stock after selling 1,388 shares during the quarter. Bleakley Financial Group LLC’s holdings in Carlyle Group were worth $1,968,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CG. Vanguard Group Inc. raised its holdings in Carlyle Group by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock worth $1,058,929,000 after purchasing an additional 1,131,514 shares during the last quarter. Citigroup Inc. raised its holdings in Carlyle Group by 484.4% during the 1st quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider’s stock worth $27,176,000 after purchasing an additional 516,761 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Carlyle Group by 21.7% during the 1st quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider’s stock worth $118,684,000 after purchasing an additional 485,488 shares during the last quarter. Nuveen LLC bought a new position in Carlyle Group during the 1st quarter worth approximately $20,793,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in Carlyle Group by 7.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider’s stock worth $297,613,000 after purchasing an additional 476,127 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Price Performance

CG opened at $58.48 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market capitalization of $21.15 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.22 and a beta of 2.00. The firm’s fifty day moving average price is $62.94 and its two-hundred day moving average price is $53.94. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley boosted their target price on shares of Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday. Citigroup dropped their target price on shares of Carlyle Group from $75.00 to $74.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Jefferies Financial Group boosted their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. BMO Capital Markets assumed coverage on shares of Carlyle Group in a research report on Friday, October 3rd. They set an “outperform” rating and a $74.00 target price on the stock. Finally, Evercore ISI boosted their target price on shares of Carlyle Group from $45.00 to $58.00 and gave the company an “in-line” rating in a research report on Thursday, July 10th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Carlyle Group has a consensus rating of “Hold” and an average price target of $64.69.

Insider Buying and Selling at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total value of $13,013,383.38. Following the transaction, the general counsel directly owned 753,255 shares of the company’s stock, valued at approximately $48,381,568.65. The trade was a 21.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.