Tokio Marine Asset Management Co. Ltd. Acquires 5,560 Shares of Carlyle Group Inc. $CG

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in Carlyle Group by 49.3%, bringing its total holdings to 16,848 shares valued at $734,000.
• Insider trading revealed that General Counsel Jeffrey W. Ferguson sold over 202,000 shares for approximately $13 million, reducing his ownership by 21.20%.
• Carlyle Group declared a quarterly dividend of $0.35 per share, representing a yield of 2.2% based on annualized payments.

Tokio Marine Asset Management Co. Ltd. increased its stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 49.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,848 shares of the financial services provider's stock after purchasing an additional 5,560 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in Carlyle Group were worth $734,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. National Pension Service boosted 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 during the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of Carlyle Group by 5.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 67,429 shares of the financial services provider's stock worth $2,936,000 after acquiring an additional 3,267 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Carlyle Group by 32.8% during the 1st quarter. HighTower Advisors LLC now owns 56,973 shares of the financial services provider's stock worth $2,483,000 after acquiring an additional 14,058 shares during the last quarter. Staley Capital Advisers Inc. purchased a new position in shares of Carlyle Group during the 1st quarter worth $813,000. Finally, Nuveen LLC purchased a new position in shares of Carlyle Group during the 1st quarter worth $20,793,000. Hedge funds and other institutional investors own 55.88% of the company's stock.

Insider Buying and Selling at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business's stock in a transaction dated 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 sale, the general counsel directly owned 753,255 shares in the company, valued at $48,381,568.65. The trade was a 21.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 26.30% of the stock is currently owned by company insiders.

Carlyle Group Price Performance

CG stock traded down $1.3290 during mid-day trading on Wednesday, hitting $61.2510. The company had a trading volume of 1,605,901 shares, compared to its average volume of 2,827,359. The company has a market capitalization of $22.15 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 1.16 and a beta of 1.90. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $65.97. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. The company has a 50-day moving average price of $56.80 and a 200 day moving average price of $48.49.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Monday, August 18th will be issued a $0.35 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.3%. Carlyle Group's payout ratio is 40.94%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CG shares. Evercore ISI lifted their price target on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research note on Thursday, July 10th. Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Keefe, Bruyette & Woods lifted their target price on shares of Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. Jefferies Financial Group lifted their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a research note on Wednesday, August 13th. Finally, Barclays restated an "overweight" rating and set a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $59.60.

Carlyle Group 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.