Citigroup Inc. Purchases 516,761 Shares of Carlyle Group Inc. (NASDAQ:CG)

Citigroup Inc. grew its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 484.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 623,440 shares of the financial services provider's stock after purchasing an additional 516,761 shares during the period. Citigroup Inc. owned approximately 0.17% of Carlyle Group worth $27,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CG. Bank Pictet & Cie Europe AG bought a new stake in shares of Carlyle Group during the fourth quarter worth about $215,000. Wellington Management Group LLP increased its position in shares of Carlyle Group by 4.1% during the fourth quarter. Wellington Management Group LLP now owns 8,664 shares of the financial services provider's stock worth $437,000 after acquiring an additional 344 shares in the last quarter. Invesco Ltd. increased its position in shares of Carlyle Group by 9.7% during the fourth quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider's stock worth $32,856,000 after acquiring an additional 57,606 shares in the last quarter. Treasurer of the State of North Carolina increased its position in shares of Carlyle Group by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 96,271 shares of the financial services provider's stock worth $4,861,000 after acquiring an additional 610 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Carlyle Group by 54.7% during the fourth quarter. Sterling Capital Management LLC now owns 12,976 shares of the financial services provider's stock worth $655,000 after acquiring an additional 4,586 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Carlyle Group Price Performance

NASDAQ CG traded down $1.05 on Friday, hitting $63.86. The stock had a trading volume of 1,831,155 shares, compared to its average volume of 2,519,730. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $65.97. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.36 and a current ratio of 2.24. The company 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. The firm has a 50-day moving average of $56.15 and a 200-day moving average of $48.39.

Carlyle Group Dividend Announcement

The business also recently declared 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 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 is presently 40.94%.

Insider Activity at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction 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 transaction, the general counsel owned 753,255 shares of the company's stock, valued at $48,381,568.65. This represents a 21.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 26.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CG has been the subject of a number of recent analyst reports. Citigroup reaffirmed an "outperform" rating on shares of Carlyle Group in a research report on Thursday. Barclays reaffirmed an "overweight" rating and issued a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. JMP Securities upped their price objective on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a "market outperform" rating in a research report on Thursday. 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 research note on Wednesday, May 14th. Finally, Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Carlyle Group has a consensus rating of "Hold" and an average price target of $59.60.

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.