Zhang Financial LLC Acquires 6,276 Shares of Carlyle Group Inc. $CG

Zhang Financial LLC grew its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 30.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,608 shares of the financial services provider’s stock after acquiring an additional 6,276 shares during the period. Zhang Financial LLC’s holdings in Carlyle Group were worth $1,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CG. GAMMA Investing LLC lifted its stake in shares of Carlyle Group by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 6,264 shares of the financial services provider’s stock valued at $273,000 after buying an additional 801 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Carlyle Group by 105.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,929 shares of the financial services provider’s stock valued at $476,000 after buying an additional 5,611 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Carlyle Group by 247.7% during the 1st quarter. Bessemer Group Inc. now owns 1,217 shares of the financial services provider’s stock valued at $53,000 after buying an additional 867 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Carlyle Group by 104.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,020 shares of the financial services provider’s stock valued at $44,000 after buying an additional 520 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Carlyle Group by 1.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,601 shares of the financial services provider’s stock valued at $1,234,000 after buying an additional 344 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction that occurred 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 completion of the sale, the general counsel owned 753,255 shares of the company’s stock, valued at $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 26.30% of the stock is owned by insiders.

Carlyle Group Trading Down 0.9%

NASDAQ:CG opened at $57.71 on Wednesday. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85. The firm has a 50 day moving average of $62.74 and a 200 day moving average of $54.45. 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 stock has a market capitalization of $20.87 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.24 and a beta of 2.00.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JMP Securities lifted their target price on shares of Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a research note on Thursday, August 14th. Barclays reiterated an “overweight” rating and issued a $74.00 price target (up previously from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. BMO Capital Markets assumed 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 on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, October 8th. Finally, Morgan Stanley boosted their price target on shares of Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $64.69.

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.