Boston Partners Has $301.69 Million Holdings in Carlyle Group Inc. (NASDAQ:CG)

Key Points

• Boston Partners has reduced its stake in Carlyle Group Inc. by 2.5%, now owning approximately 6.92 million shares valued at $301.69 million.
• Carlyle Group has seen increased interest from other investors, including Whipplewood Advisors raising its stake by **5,100%** and National Pension Service increasing its stake by **74.8%.**
• Analysts have a mixed rating on Carlyle Group, with two sell ratings while eight analysts recommend a buy, highlighting a **target price range** of $56.00 to $74.00.

Boston Partners lessened its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,924,066 shares of the financial services provider's stock after selling 178,019 shares during the quarter. Boston Partners owned about 1.92% of Carlyle Group worth $301,686,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Main Street Group LTD acquired a new position in shares of Carlyle Group during the 4th quarter worth about $29,000. Whipplewood Advisors LLC raised its holdings in Carlyle Group by 5,100.0% in the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 561 shares in the last quarter. LRI Investments LLC acquired a new position in Carlyle Group in the 4th quarter valued at approximately $32,000. Private Trust Co. NA raised its holdings in Carlyle Group by 101.9% in 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, National Pension Service raised its holdings in Carlyle Group by 74.8% in the 1st quarter. National Pension Service now owns 869 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 372 shares in the last quarter. Institutional investors own 55.88% of the company's stock.

Carlyle Group Trading Down 0.8%

CG traded down $0.52 during mid-day trading on Thursday, reaching $64.91. The stock had a trading volume of 2,033,101 shares, compared to its average volume of 2,566,768. The stock has a market capitalization of $23.48 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.20 and a beta of 1.90. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.36 and a current ratio of 2.24. The firm's fifty day simple moving average is $55.80 and its two-hundred day simple moving average is $48.40. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $65.97.

Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Monday, August 18th will be given a $0.35 dividend. 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 dividend payout ratio (DPR) is presently 40.94%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CG. Citigroup reaffirmed an "outperform" rating on shares of Carlyle Group in a report on Thursday. Cowen raised Carlyle Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. JMP Securities set a $75.00 price target on Carlyle Group and gave the company a "market outperform" rating in a report on Thursday. 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 report on Wednesday. Finally, Evercore ISI increased their target price on Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a report on Thursday, July 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $59.19.

Insider Buying and Selling

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total value of $13,013,383.38. Following the transaction, the general counsel directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 26.30% of the company's stock.

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.