Iron Horse Wealth Management LLC Makes New $86,000 Investment in Carlyle Group Inc. $CG

Iron Horse Wealth Management LLC acquired a new position in Carlyle Group Inc. (NASDAQ:CG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,664 shares of the financial services provider’s stock, valued at approximately $86,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Farther Finance Advisors LLC lifted 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 worth $59,000 after buying an additional 177 shares during the period. Wedmont Private Capital raised its position in shares of Carlyle Group by 3.5% in the 2nd quarter. Wedmont Private Capital now owns 5,831 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 196 shares in the last quarter. B. Metzler seel. Sohn & Co. AG raised its position in shares of 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 worth $277,000 after acquiring an additional 215 shares in the last quarter. Bfsg LLC raised its position in shares of Carlyle Group by 3.0% in the 2nd quarter. Bfsg LLC now owns 7,345 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 215 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in shares of Carlyle Group by 28.6% in the 1st quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CG shares. JMP Securities increased their target price on Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 14th. Evercore ISI increased their target price on Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a research report on Thursday, July 10th. Jefferies Financial Group increased their target price on Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. Wells Fargo & Company raised 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. Finally, Barclays reaffirmed an “overweight” rating and set a $74.00 price objective (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $60.87.

Insider Activity at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group 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 sale, 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. Insiders own 26.30% of the company’s stock.

Carlyle Group Stock Up 2.9%

CG stock opened at $63.48 on Friday. The firm has a market cap of $22.96 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.15 and a beta of 2.00. The business has a 50 day moving average of $63.99 and a 200 day moving average of $52.33. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52.

Carlyle Group Dividend Announcement

The firm also recently announced 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 of this dividend was Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. Carlyle Group’s dividend payout ratio (DPR) is presently 40.94%.

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.