Charles Schwab Investment Management Inc. Purchases 20,970 Shares of Carlyle Group Inc. (NASDAQ:CG)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Carlyle Group by 1.5%, now holding approximately 1.43 million shares valued at $62.21 million.
• Multiple hedge funds have recently adjusted their positions in Carlyle Group, contributing to institutional investors owning 55.88% of the company's stock.
• Carlyle Group has announced a quarterly dividend of $0.35 per share, representing an annualized yield of 2.2%.

Charles Schwab Investment Management Inc. grew its holdings in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,427,171 shares of the financial services provider's stock after purchasing an additional 20,970 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.40% of Carlyle Group worth $62,210,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Whipplewood Advisors LLC raised its position in shares of Carlyle Group by 5,100.0% in the 1st 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 during the period. Private Trust Co. NA raised its holdings in Carlyle Group by 101.9% during the 1st 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 stake in Carlyle Group during the 4th quarter worth approximately $29,000. LRI Investments LLC acquired a new stake in Carlyle Group during the 4th quarter worth approximately $32,000. Finally, Farther Finance Advisors LLC raised its holdings in Carlyle Group by 117.2% during the 1st 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. Institutional investors own 55.88% of the company's stock.

Carlyle Group Stock Performance

CG stock traded down $1.05 during midday trading on Friday, reaching $63.86. 1,831,155 shares of the company were exchanged, compared to its average volume of 2,519,730. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.36. The business has a 50-day moving average price of $56.15 and a two-hundred day moving average price of $48.39. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $65.97. The firm has a market capitalization of $23.10 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.17 and a beta of 1.90.

Carlyle Group Announces Dividend

The company 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 dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. Carlyle Group's dividend payout ratio (DPR) is currently 40.94%.

Analyst Upgrades and Downgrades

CG has been the topic of several research analyst reports. TD Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a report on Wednesday, May 14th. JMP Securities lifted their price objective on shares of Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a report on Thursday. Wells Fargo & Company lifted their price objective on shares of Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Jefferies Financial Group lifted their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a report on Wednesday. Finally, Barclays reiterated an "overweight" rating and issued a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $59.60.

Insider Buying and Selling at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business's stock in a transaction dated 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 completion of the transaction, the general counsel owned 753,255 shares of the company's stock, valued at $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 26.30% of the company's stock.

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.