Atria Investments Inc Sells 2,078 Shares of Carlyle Group Inc. $CG

Atria Investments Inc reduced its stake in Carlyle Group Inc. (NASDAQ:CG) by 8.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 23,605 shares of the financial services provider’s stock after selling 2,078 shares during the quarter. Atria Investments Inc’s holdings in Carlyle Group were worth $1,213,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Private Trust Co. NA increased 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 valued at $28,000 after buying an additional 321 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Carlyle Group during the second quarter worth approximately $38,000. National Pension Service lifted its holdings in shares of Carlyle Group by 74.8% in the 1st quarter. National Pension Service now owns 869 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 372 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in Carlyle Group in the 2nd quarter valued at $46,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

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 shares were sold at an average price of $64.23, for a total transaction of $13,013,383.38. Following the completion of the transaction, the general counsel owned 753,255 shares in the company, valued at approximately $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 26.30% of the company’s stock.

Analysts Set New Price Targets

CG has been the topic of several research reports. Morgan Stanley upped their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. Barclays restated an “overweight” rating and issued a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Jefferies Financial Group lifted their price target on Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods lowered their price objective on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday. Finally, Evercore ISI decreased their price target on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating for the company in a report on Monday. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $67.36.

Carlyle Group Price Performance

Shares of NASDAQ CG opened at $52.49 on Friday. The company has a market capitalization of $18.99 billion, a PE ratio of 15.35, a PEG ratio of 1.22 and a beta of 2.01. 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’s 50 day moving average price is $61.31 and its 200-day moving average price is $55.17. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 2.7%. Carlyle Group’s dividend payout ratio (DPR) is currently 40.94%.

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.