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. grew its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 4.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,292,937 shares of the financial services provider's stock after acquiring an additional 1,131,514 shares during the quarter. Vanguard Group Inc. owned about 6.73% of Carlyle Group worth $1,058,929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Capital World Investors increased its position in Carlyle Group by 0.3% during the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider's stock worth $998,609,000 after purchasing an additional 50,784 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Carlyle Group by 7.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider's stock worth $297,613,000 after purchasing an additional 476,127 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in Carlyle Group by 98.8% during the 4th quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider's stock worth $124,002,000 after purchasing an additional 1,220,827 shares in the last quarter. Ameriprise Financial Inc. increased its position in Carlyle Group by 8.1% during the 4th quarter. Ameriprise Financial Inc. now owns 2,237,249 shares of the financial services provider's stock worth $112,959,000 after purchasing an additional 167,331 shares in the last quarter. Finally, Northern Trust Corp increased its position in Carlyle Group by 14.9% during the 4th quarter. Northern Trust Corp now owns 2,205,181 shares of the financial services provider's stock worth $111,340,000 after purchasing an additional 285,935 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. TD Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price target for the company in a report on Wednesday, May 14th. Keefe, Bruyette & Woods increased their target price on Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Jefferies Financial Group increased their target price on Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a research note on Wednesday. Finally, JMP Securities set a $75.00 target price on Carlyle Group and gave the company a "market outperform" rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $59.19.

Insider Buying and Selling

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 shares were 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 of the company's stock, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 26.30% of the company's stock.

Carlyle Group Price Performance

Carlyle Group stock traded down $0.52 during mid-day trading on Thursday, hitting $64.91. The company's stock had a trading volume of 2,033,101 shares, compared to its average volume of 2,846,089. The company has a quick ratio of 2.36, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $23.48 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.18 and a beta of 1.90. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $65.97. The stock's fifty day moving average price is $55.40 and its two-hundred day moving average price is $48.34.

Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Monday, August 18th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. Carlyle Group's dividend payout ratio (DPR) is currently 40.94%.

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.