Brandywine Global Investment Management LLC Invests $9.51 Million in Carlyle Group Inc. $CG

Key Points

• Brandywine Global Investment Management LLC invested approximately $9.51 million in Carlyle Group, acquiring 218,192 shares, representing about 0.06% ownership.
• Wall Street analysts are optimistic about Carlyle Group's performance, with price targets being revised upwards by several firms, resulting in an average target of $59.60.
• Carlyle Group recently declared a quarterly dividend of $0.35 per share, indicating a 2.2% yield, with the ex-dividend date set for August 18th.

Brandywine Global Investment Management LLC bought a new stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 218,192 shares of the financial services provider's stock, valued at approximately $9,511,000. Brandywine Global Investment Management LLC owned approximately 0.06% of Carlyle Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CG. Whipplewood Advisors LLC lifted its position in shares of Carlyle Group by 5,100.0% in the first 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. Private Trust Co. NA increased its holdings in shares of Carlyle Group by 101.9% in the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 321 shares during the last quarter. Main Street Group LTD acquired a new stake in shares of Carlyle Group in the fourth quarter valued at approximately $29,000. LRI Investments LLC acquired a new stake in shares of Carlyle Group in the fourth quarter valued at approximately $32,000. Finally, National Pension Service increased its stake in 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 acquiring an additional 372 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CG shares. Keefe, Bruyette & Woods raised their target price on Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Evercore ISI lifted their price objective on Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a research note on Thursday, July 10th. JMP Securities lifted their price objective on Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a research note on Thursday, August 14th. Wells Fargo & Company lifted their price objective on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Finally, Jefferies Financial Group lifted their price objective on Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a research note on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Carlyle Group currently has a consensus rating of "Hold" and an average price target of $59.60.

Carlyle Group Stock Up 1.6%

NASDAQ:CG traded up $0.96 during trading hours on Thursday, hitting $62.30. 3,109,413 shares of the stock traded hands, compared to its average volume of 2,835,058. The firm has a 50 day moving average price of $57.08 and a 200 day moving average price of $48.58. 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 fifty-two week low of $33.02 and a fifty-two week high of $65.97. The firm has a market cap of $22.53 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 1.14 and a beta of 1.90.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Monday, August 18th will be issued 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 is Monday, August 18th. Carlyle Group's dividend payout ratio is 40.94%.

Insider Transactions at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company's stock in a transaction dated 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 completion of the sale, the general counsel directly owned 753,255 shares in the company, valued at $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 26.30% of the stock is owned by company insiders.

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.