Carlyle Group Inc. $CG Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Carlyle Group Inc. by 133%, acquiring an additional 79,950 shares, bringing their total holdings to 140,042 shares valued at $6.1 million.
• The Carlyle Group announced a quarterly dividend of $0.35, yielding 2.3%, set to be paid on August 28th for investors of record on August 18th.
• Several analysts are bullish on Carlyle Group, with recent ratings from Citigroup and Barclays suggesting an upgrade in outlook and price targets, with a consensus rating of "Hold" and a target price of $59.60.

Aberdeen Group plc grew its holdings in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 133.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 140,042 shares of the financial services provider's stock after acquiring an additional 79,950 shares during the quarter. Aberdeen Group plc's holdings in Carlyle Group were worth $6,104,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Frontier Capital Management Co. LLC grew its stake in Carlyle Group by 98.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider's stock worth $124,002,000 after buying an additional 1,220,827 shares during the last quarter. Vanguard Group Inc. grew its stake in Carlyle Group by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider's stock worth $1,058,929,000 after buying an additional 1,131,514 shares during the last quarter. Deutsche Bank AG grew its stake in Carlyle Group by 250.1% during the 4th quarter. Deutsche Bank AG now owns 1,041,816 shares of the financial services provider's stock worth $52,601,000 after buying an additional 744,238 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Carlyle Group by 484.4% in the first quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider's stock valued at $27,176,000 after buying an additional 516,761 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Carlyle Group in the first quarter valued at about $20,793,000. Hedge funds and other institutional investors own 55.88% of the company's stock.

Carlyle Group Price Performance

Carlyle Group stock traded down $0.7460 during mid-day trading on Monday, reaching $63.9640. The company had a trading volume of 1,077,001 shares, compared to its average volume of 2,827,032. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $65.97. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market capitalization of $23.14 billion, a P/E ratio of 18.70, a P/E/G ratio of 1.18 and a beta of 1.90. The stock's 50-day simple moving average is $57.74 and its 200-day simple moving average is $48.66.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Monday, August 18th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, August 18th. Carlyle Group's payout ratio is presently 40.94%.

Insider Buying and Selling

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business's 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 sale, the general counsel directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 26.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CG. Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Keefe, Bruyette & Woods boosted their target price on Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, May 12th. JMP Securities boosted their target price on Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a report on Thursday, August 14th. Jefferies Financial Group boosted their target price on Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. Finally, Barclays reissued 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. Seven 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 stock. According to MarketBeat, Carlyle Group has a consensus rating of "Hold" and an average target price of $59.60.

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.