Ameriprise Financial Inc. Increases Stock Position in Carlyle Group Inc. $CG

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. boosted its position in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 21.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,722,737 shares of the financial services provider's stock after purchasing an additional 485,488 shares during the period. Ameriprise Financial Inc. owned about 0.75% of Carlyle Group worth $118,684,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brooklyn Investment Group lifted its position in Carlyle Group by 28.6% in the first quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider's stock worth $46,000 after purchasing an additional 236 shares during the period. Tidal Investments LLC raised its stake in Carlyle Group by 6.2% during the 4th quarter. Tidal Investments LLC now owns 5,219 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 306 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in shares of Carlyle Group by 6.5% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,147 shares of the financial services provider's stock valued at $224,000 after acquiring an additional 314 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of Carlyle Group by 101.9% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 321 shares in the last quarter. Finally, American Trust boosted its holdings in Carlyle Group by 6.8% in the fourth quarter. American Trust now owns 5,320 shares of the financial services provider's stock worth $269,000 after purchasing an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Citigroup reaffirmed an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 14th. Barclays reissued an "overweight" rating and set a $74.00 price target (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. JMP Securities increased 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 note on Thursday, August 14th. Keefe, Bruyette & Woods increased their target price on shares of Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Finally, Jefferies Financial Group raised their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $59.93.

Insiders Place Their Bets

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business's stock in a transaction that occurred 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 sale, the general counsel directly owned 753,255 shares of the company's stock, valued at $48,381,568.65. The trade was a 21.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 26.30% of the stock is owned by insiders.

Carlyle Group Stock Performance

NASDAQ CG traded up $0.14 during trading on Friday, reaching $64.56. The company's stock had a trading volume of 1,511,473 shares, compared to its average volume of 2,862,726. The firm has a 50 day moving average price of $59.50 and a 200 day moving average price of $49.15. The firm has a market capitalization of $23.35 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.17 and a beta of 1.90. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $65.97.

Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were 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 was Monday, August 18th. Carlyle Group's dividend payout ratio is currently 40.94%.

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.