Vanguard Group Inc. Has $1.06 Billion Holdings in Carlyle Group Inc. (NASDAQ:CG)

Key Points

• Vanguard Group Inc. increased its stake in Carlyle Group by 4.9% during the first quarter, owning approximately 6.73% of the firm, valued at over $1 billion.
• Carlyle Group reported an EPS of $1.14, surpassing analysts' expectations of $0.97, while revenue increased by 2.0% year-over-year.
• The firm announced a quarterly dividend of $0.35 per share, representing a yield of 2.2%, with a payout ratio of 40.94%.

Vanguard Group Inc. increased its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 4.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,292,937 shares of the financial services provider's stock after purchasing an additional 1,131,514 shares during the quarter. Vanguard Group Inc. owned approximately 6.73% of Carlyle Group worth $1,058,929,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CG. Whipplewood Advisors LLC increased its position in Carlyle Group by 5,100.0% during the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock worth $25,000 after buying an additional 561 shares during the period. Private Trust Co. NA increased its position in Carlyle Group by 101.9% during the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after buying an additional 321 shares during the period. Main Street Group LTD acquired a new position in Carlyle Group during the fourth quarter worth approximately $29,000. LRI Investments LLC acquired a new position in Carlyle Group during the fourth quarter worth approximately $32,000. Finally, Farther Finance Advisors LLC increased its position in Carlyle Group by 117.2% during the first quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider's stock worth $43,000 after buying an additional 525 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.

Insider Activity

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm'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 value of $13,013,383.38. Following the sale, the general counsel owned 753,255 shares of the company's stock, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 26.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CG shares. JMP Securities lifted their price target on Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a research note on Thursday. Barclays restated an "overweight" rating and issued a $74.00 price target (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Wells Fargo & Company lifted their price target 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. Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Evercore ISI boosted 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. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Carlyle Group currently has an average rating of "Hold" and an average price target of $59.60.

Carlyle Group Stock Down 1.6%

NASDAQ CG traded down $1.05 during mid-day trading on Friday, reaching $63.86. 1,831,155 shares of the company's stock traded hands, compared to its average volume of 2,519,730. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $65.97. The company has a fifty day simple moving average of $56.15 and a 200-day simple moving average of $48.45. The company has a current ratio of 2.24, a quick ratio of 2.36 and a debt-to-equity ratio of 1.52. The company has a market cap of $23.10 billion, a price-to-earnings ratio of 18.67, a P/E/G ratio of 1.19 and a beta of 1.90.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Monday, August 18th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. 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.