Carlyle Group Inc. $CG Shares Bought by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc increased its stake in Carlyle Group by 39.9%, acquiring 309,862 shares worth approximately $15.9 million.
• Carlyle Group recently announced a quarterly dividend of $0.35 per share, reflecting an annualized payout of $1.40 and a yield of 2.3%.
• As of the latest data, institutional investors own 55.88% of Carlyle Group, with several hedge funds adjusting their positions in the second quarter.

AEGON ASSET MANAGEMENT UK Plc lifted its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 39.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 309,862 shares of the financial services provider's stock after buying an additional 88,451 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.09% of Carlyle Group worth $15,924,000 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 the business. Verdence Capital Advisors LLC boosted its position in shares of Carlyle Group by 1.8% during the second quarter. Verdence Capital Advisors LLC now owns 11,673 shares of the financial services provider's stock worth $600,000 after buying an additional 212 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in shares of Carlyle Group by 3.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 7,422 shares of the financial services provider's stock worth $381,000 after buying an additional 228 shares during the period. MGO One Seven LLC acquired a new position in shares of Carlyle Group during the second quarter worth approximately $243,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Carlyle Group during the second quarter worth approximately $236,000. Finally, LRI Investments LLC acquired a new stake in Carlyle Group in the second quarter worth approximately $46,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Price Performance

NASDAQ CG opened at $59.60 on Wednesday. The business's fifty day moving average is $63.82 and its two-hundred day moving average is $53.05. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85. The stock has a market capitalization of $21.56 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.24 and a beta of 2.00.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, August 18th. Carlyle Group's 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 business's stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 26.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CG has been the subject of a number of research analyst reports. Evercore ISI upped their target price on Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research report on Thursday, July 10th. Weiss Ratings restated a "hold (c)" rating on shares of Carlyle Group in a research report on Wednesday, October 8th. Jefferies Financial Group upped their target price on Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. JMP Securities upped their target price on Carlyle Group from $70.00 to $75.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 14th. Finally, Barclays reaffirmed an "overweight" rating and issued a $74.00 price target (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $61.47.

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.

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