Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Boston Partners

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 reduced its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 2.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,924,066 shares of the financial services provider's stock after selling 178,019 shares during the quarter. Boston Partners owned approximately 1.92% of Carlyle Group worth $301,686,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Main Street Group LTD purchased a new stake in Carlyle Group in the fourth quarter worth about $29,000. Whipplewood Advisors LLC raised its holdings in Carlyle Group by 5,100.0% in the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock worth $25,000 after purchasing an additional 561 shares in the last quarter. LRI Investments LLC bought a new position in Carlyle Group in the fourth quarter worth about $32,000. Private Trust Co. NA raised its holdings in Carlyle Group by 101.9% in the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after purchasing an additional 321 shares in the last quarter. Finally, National Pension Service raised its holdings in Carlyle Group by 74.8% in 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 in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CG. Citigroup restated an "outperform" rating on shares of Carlyle Group in a report on Thursday. Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. TD Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price target on the stock in a report on Wednesday, May 14th. Wells Fargo & Company increased their price target on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Finally, Evercore ISI increased their price target on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a report on Thursday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Carlyle Group has a consensus rating of "Hold" and a consensus price target of $59.60.

Insider Activity

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group stock in a transaction dated 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 completion of the transaction, the general counsel 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 SEC, which can be accessed through the SEC website. Insiders own 26.30% of the company's stock.

Carlyle Group Trading Down 1.6%

Carlyle Group stock traded down $1.05 during midday trading on Friday, reaching $63.86. 1,831,155 shares of the stock traded hands, compared to its average volume of 2,519,730. The company has a 50-day simple moving average of $56.15 and a two-hundred day simple moving average of $48.39. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $65.97. The firm has a market cap of $23.10 billion, a PE ratio of 18.67, 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 2.36 and a debt-to-equity ratio of 1.52.

Carlyle Group Dividend Announcement

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