Blue Rock Wealth Management LLC Acquires New Shares in Carlyle Group Inc. $CG

Key Points

• Blue Rock Wealth Management LLC has acquired 6,000 shares of Carlyle Group Inc., valued at approximately $262,000, marking a notable entry into the investment firm.
• Significant institutional interest is evident, with firms like Vanguard Group and Citigroup increasing their holdings in Carlyle Group by substantial percentages during recent quarters.
• Equities analysts have a mixed outlook, with several firms upgrading Carlyle Group's rating, including TD Cowen, which raised its rating to "buy" with a target price of $56.00.

Blue Rock Wealth Management LLC bought a new stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,000 shares of the financial services provider's stock, valued at approximately $262,000.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Carlyle Group by 4.9% during the first quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider's stock valued at $1,058,929,000 after buying an additional 1,131,514 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Carlyle Group by 7.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider's stock worth $297,613,000 after purchasing an additional 476,127 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Carlyle Group by 21.7% in the first quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider's stock worth $118,684,000 after purchasing an additional 485,488 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Carlyle Group by 37.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,604,610 shares of the financial services provider's stock worth $69,945,000 after purchasing an additional 441,276 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Carlyle Group by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,427,171 shares of the financial services provider's stock worth $62,210,000 after purchasing an additional 20,970 shares in the last quarter. Institutional investors own 55.88% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CG. Citigroup reissued an "outperform" rating on shares of Carlyle Group in a research note on Thursday, August 14th. Jefferies Financial Group increased 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. Wells Fargo & Company increased their target price on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. JMP Securities increased their target price on Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a research report on Thursday, August 14th. Finally, Barclays reiterated an "overweight" rating and set a $74.00 price objective (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $59.93.

Insider Buying and Selling at Carlyle Group

In related 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 stock was sold at an average price of $64.23, for a total transaction of $13,013,383.38. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.30% of the stock is currently owned by company insiders.

Carlyle Group Stock Performance

Shares of NASDAQ CG traded up $0.59 during trading on Monday, reaching $67.19. 583,522 shares of the company traded hands, compared to its average volume of 2,791,242. The firm's fifty day simple moving average is $62.13 and its 200 day simple moving average is $50.12. The stock has a market cap of $24.30 billion, a P/E ratio of 19.64, a PEG ratio of 1.21 and a beta of 2.01. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $68.20. 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 Announces Dividend

The firm also recently announced 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 was Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. Carlyle Group's dividend payout ratio (DPR) 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.