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

Citigroup Inc. lifted its holdings in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 484.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 623,440 shares of the financial services provider's stock after buying an additional 516,761 shares during the period. Citigroup Inc. owned about 0.17% of Carlyle Group worth $27,176,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CG. Vanguard Group Inc. lifted its stake in Carlyle Group by 4.9% in the first quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider's stock valued at $1,058,929,000 after acquiring an additional 1,131,514 shares during the last quarter. Capital World Investors increased its position in Carlyle Group by 0.3% during the fourth quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider's stock worth $998,609,000 after buying an additional 50,784 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Carlyle Group by 7.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider's stock valued at $297,613,000 after buying an additional 476,127 shares in the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of Carlyle Group by 98.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider's stock worth $124,002,000 after buying an additional 1,220,827 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of 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 valued at $112,959,000 after acquiring an additional 167,331 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total transaction of $13,013,383.38. Following the completion of the sale, the general counsel directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 26.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CG shares. Barclays reissued 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. Evercore ISI boosted their target price on shares of Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a research note on Thursday, July 10th. Citigroup reissued an "outperform" rating on shares of Carlyle Group in a research note on Thursday. TD Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective on the stock in a report on Wednesday, May 14th. Finally, JMP Securities set a $75.00 price objective on shares of Carlyle Group and gave the stock a "market outperform" rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Carlyle Group has a consensus rating of "Hold" and an average target price of $59.19.

Carlyle Group Price Performance

NASDAQ:CG traded down $0.52 on Thursday, hitting $64.91. The company had a trading volume of 2,033,101 shares, compared to its average volume of 2,566,768. The firm has a 50 day moving average of $55.80 and a two-hundred day moving average of $48.40. The stock has a market capitalization of $23.48 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.20 and a beta of 1.90. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $65.97. The company has a current ratio of 2.24, a quick ratio of 2.36 and a debt-to-equity ratio of 1.52.

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders 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 annualized dividend and a yield of 2.2%. Carlyle Group's payout ratio is presently 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.