Carlyle Group Inc. $CG Shares Acquired by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Carlyle Group Inc. by 21.7%, acquiring an additional 485,488 shares to hold approximately 2.72 million shares worth $118.68 million.
• Carlyle Group's stock has seen multiple analyst upgrades, with target prices ranging from $45.00 to $75.00; the average consensus price target is $59.60.
• The company announced a quarterly dividend of $0.35 per share, translating to an annual yield of 2.2% with a payout ratio of 40.94%.

Ameriprise Financial Inc. grew its stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 21.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,722,737 shares of the financial services provider's stock after acquiring an additional 485,488 shares during the quarter. Ameriprise Financial Inc. owned about 0.75% of Carlyle Group worth $118,684,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC boosted its stake in shares of Carlyle Group by 5,100.0% during the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock worth $25,000 after purchasing an additional 561 shares during the last quarter. Private Trust Co. NA boosted its position 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. Main Street Group LTD purchased a new stake in Carlyle Group in the 4th quarter worth approximately $29,000. LRI Investments LLC purchased a new position in shares of Carlyle Group during the 4th quarter worth $32,000. Finally, National Pension Service boosted its holdings in shares of Carlyle Group by 74.8% during the first quarter. National Pension Service now owns 869 shares of the financial services provider's stock worth $38,000 after purchasing an additional 372 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

Insider Buying and Selling

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the 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 owned 753,255 shares of the company's stock, valued at $48,381,568.65. This trade represents a 21.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 26.30% of the company's stock.

Carlyle Group Stock Performance

Shares of CG stock remained flat at $64.42 on Friday. 808,409 shares of the stock traded hands, compared to its average volume of 2,823,925. The business has a 50-day simple moving average of $59.15 and a 200 day simple moving average of $49.05. The stock has a market capitalization of $23.30 billion, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 1.18 and a beta of 1.90. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week 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.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. Carlyle Group's dividend payout ratio (DPR) is presently 40.94%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CG shares. Jefferies Financial Group increased their target price on Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Keefe, Bruyette & Woods upped their price target on shares of Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. Barclays reissued an "overweight" rating and set a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Finally, TD Cowen raised Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a research report on Wednesday, May 14th. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $59.93.

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.