Assetmark Inc. Acquires 73,097 Shares of Carlyle Group Inc. $CG

Assetmark Inc. grew its holdings in Carlyle Group Inc. (NASDAQ:CG) by 16.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 523,748 shares of the financial services provider’s stock after purchasing an additional 73,097 shares during the period. Assetmark Inc. owned about 0.15% of Carlyle Group worth $26,921,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CG. Teacher Retirement System of Texas purchased a new stake in shares of Carlyle Group during the 1st quarter valued at about $1,481,000. Wealth Enhancement Advisory Services LLC lifted its position in Carlyle Group by 105.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,929 shares of the financial services provider’s stock valued at $476,000 after purchasing an additional 5,611 shares during the period. Private Trust Co. NA grew its position in Carlyle Group by 101.9% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 321 shares during the period. Bessemer Group Inc. raised its stake in 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 during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its holdings in shares of Carlyle Group by 83.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 11,000 shares of the financial services provider’s stock valued at $479,000 after buying an additional 5,000 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction dated 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 completion of the sale, the general counsel owned 753,255 shares in the company, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 26.30% of the stock is currently owned by company insiders.

Carlyle Group Stock Down 1.8%

CG opened at $56.57 on Friday. The stock has a market cap of $20.46 billion, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 1.22 and a beta of 2.00. 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 firm’s fifty day moving average is $62.55 and its 200 day moving average is $54.61. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company upped 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, October 8th. JMP Securities boosted 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 report on Thursday, August 14th. Morgan Stanley upped their target price on shares of Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. Finally, BMO Capital Markets started coverage on shares of Carlyle Group in a research report on Friday, October 3rd. They set an “outperform” rating and a $74.00 price objective for the company. 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 stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $64.69.

Carlyle Group 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.