Bank of New York Mellon Corp Sells 11,991 Shares of Carlyle Group Inc. $CG

Bank of New York Mellon Corp trimmed its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 0.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,264,675 shares of the financial services provider’s stock after selling 11,991 shares during the quarter. Bank of New York Mellon Corp owned 0.63% of Carlyle Group worth $116,404,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Private Trust Co. NA increased its position in shares of Carlyle Group by 101.9% during the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 321 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 574 shares in the last quarter. National Pension Service raised its stake 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 valued at $38,000 after purchasing an additional 372 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Carlyle Group in the second quarter valued at about $38,000. Finally, Brooklyn Investment Group grew its holdings in shares of Carlyle Group by 28.6% during the first quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider’s stock worth $46,000 after buying an additional 236 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

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 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.30% of the company’s stock.

Analysts Set New Price Targets

CG has been the topic of several research reports. Wells Fargo & Company boosted their target price on Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. Jefferies Financial Group boosted their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. decreased their target price on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. TD Cowen reduced their price objective on shares of Carlyle Group from $78.00 to $77.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, BMO Capital Markets assumed coverage on Carlyle Group in a report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $67.36.

Carlyle Group Stock Performance

Shares of CG stock opened at $52.43 on Friday. The stock has a market cap of $18.96 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.22 and a beta of 2.01. The company has a fifty day moving average price of $61.07 and a two-hundred day moving average price of $55.29. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.98. Carlyle Group had a net margin of 20.22% and a return on equity of 23.60%. As a group, equities analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current year.

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 paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, November 10th. Carlyle Group’s payout ratio is currently 40.94%.

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.