TD Asset Management Inc Sells 2,870 Shares of Carlyle Group Inc. $CG

TD Asset Management Inc decreased its stake in Carlyle Group Inc. (NASDAQ:CG) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 106,373 shares of the financial services provider’s stock after selling 2,870 shares during the period. TD Asset Management Inc’s holdings in Carlyle Group were worth $5,468,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CG. Verdence Capital Advisors LLC increased its position in Carlyle Group by 1.8% during the 2nd quarter. Verdence Capital Advisors LLC now owns 11,673 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 212 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Carlyle Group by 3.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 7,422 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 228 shares during the period. MGO One Seven LLC acquired a new stake in Carlyle Group during the 2nd quarter valued at approximately $243,000. Allspring Global Investments Holdings LLC acquired a new stake in Carlyle Group during the 2nd quarter valued at approximately $236,000. Finally, LRI Investments LLC acquired a new stake in Carlyle Group during the 2nd quarter valued at approximately $46,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CG. BMO Capital Markets began coverage on Carlyle Group in a research report on Friday, October 3rd. They set an “outperform” rating and a $74.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, October 8th. Barclays restated an “overweight” rating and set a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Evercore ISI upped their target price on Carlyle Group from $45.00 to $58.00 and gave the company an “in-line” rating in a research report on Thursday, July 10th. Finally, Jefferies Financial Group upped their target price on Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Carlyle Group currently has an average rating of “Hold” and an average target price of $61.47.

Insiders Place Their Bets

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $48,381,568.65. This represents a 21.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 26.30% of the company’s stock.

Carlyle Group Stock Up 2.0%

CG stock opened at $58.29 on Tuesday. The stock’s 50 day simple moving average is $63.47 and its 200 day simple moving average is $53.58. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market cap of $21.08 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 1.21 and a beta of 2.00.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, August 18th. Carlyle Group’s dividend payout ratio is 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.