International Assets Investment Management LLC Invests $229,000 in Carlyle Group Inc. $CG

International Assets Investment Management LLC bought a new stake in shares of Carlyle Group Inc. (NASDAQ:CG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,458 shares of the financial services provider’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CG. GAMMA Investing LLC lifted its stake in Carlyle Group by 14.7% during the first quarter. GAMMA Investing LLC now owns 6,264 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 801 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted 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 valued at $476,000 after purchasing an additional 5,611 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Carlyle Group by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 24,720 shares of the financial services provider’s stock valued at $1,077,000 after purchasing an additional 660 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Carlyle Group by 3.7% during the first quarter. Asset Management One Co. Ltd. now owns 89,929 shares of the financial services provider’s stock valued at $3,920,000 after purchasing an additional 3,233 shares during the last quarter. Finally, Daymark Wealth Partners LLC lifted its stake in Carlyle Group by 106.8% during the first quarter. Daymark Wealth Partners LLC now owns 10,014 shares of the financial services provider’s stock valued at $437,000 after purchasing an additional 5,172 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday. Citigroup reduced their price target on shares of Carlyle Group from $75.00 to $74.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Barclays restated an “overweight” rating and issued a $74.00 price target (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Wells Fargo & Company upped their price target on shares of 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, JMP Securities upped their price target 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. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $64.69.

Carlyle Group Trading Down 0.9%

NASDAQ:CG opened at $57.55 on Friday. The company has a market capitalization of $20.82 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.23 and a beta of 2.00. The stock’s 50 day moving average price is $63.05 and its 200 day moving average price is $53.78. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85.

Insider Buying and Selling at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm’s stock in a transaction on 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 26.30% of the company’s stock.

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.