Carlyle Group Inc. $CG Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,422 shares of the financial services provider’s stock after acquiring an additional 228 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Carlyle Group were worth $381,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new stake in Carlyle Group during the first quarter worth about $1,481,000. Wealth Enhancement Advisory Services LLC increased its stake 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 worth $476,000 after acquiring an additional 5,611 shares during the last quarter. Private Trust Co. NA increased its stake in 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 during the last quarter. Bessemer Group Inc. increased its stake in Carlyle Group by 247.7% during the first quarter. Bessemer Group Inc. now owns 1,217 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 867 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Carlyle Group by 83.3% in the first 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 in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Stock Down 0.0%

Shares of CG stock opened at $58.07 on Thursday. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85. The stock has a market cap of $21.00 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 1.23 and a beta of 2.00. The business’s fifty day moving average is $63.19 and its 200-day moving average is $53.64. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24.

Analysts Set New Price Targets

CG has been the subject of a number of recent research reports. Evercore ISI increased their target price on Carlyle Group from $45.00 to $58.00 and gave the company an “in-line” rating in a research note on Thursday, July 10th. JMP Securities increased their target price on Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a research note on Thursday, August 14th. Wells Fargo & Company increased 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. Barclays reiterated an “overweight” rating and issued a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Finally, Citigroup lowered their target price on Carlyle Group from $75.00 to $74.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.69.

Insider Activity

In other 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 transaction of $13,013,383.38. Following the transaction, the general counsel directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 26.30% of the company’s stock.

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.