Comerica Bank Has $10.83 Million Holdings in Carlyle Group Inc. $CG

Key Points

• Comerica Bank increased its stake in Carlyle Group by 24.3%, owning a total of 248,534 shares valued at approximately $10.83 million.
• Several institutional investors also made significant changes to their holdings during the first quarter, with notable increases including a 5,100% rise from Whipplewood Advisors LLC.
• Carlyle Group's shares received positive ratings from analysts, with TD Cowen upgrading to a "buy" rating and setting a price target of $56.00.

Comerica Bank lifted its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 24.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 248,534 shares of the financial services provider's stock after buying an additional 48,655 shares during the period. Comerica Bank owned about 0.07% of Carlyle Group worth $10,834,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Synovus Financial Corp increased its holdings in shares of Carlyle Group by 3.3% during the first quarter. Synovus Financial Corp now owns 16,136 shares of the financial services provider's stock worth $703,000 after buying an additional 515 shares in the last quarter. MetLife Investment Management LLC increased its holdings in Carlyle Group by 79.6% in the first quarter. MetLife Investment Management LLC now owns 213,879 shares of the financial services provider's stock valued at $9,323,000 after purchasing an additional 94,780 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Carlyle Group by 10.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 87,859 shares of the financial services provider's stock valued at $3,830,000 after purchasing an additional 8,066 shares during the period. Ameriprise Financial Inc. increased its holdings in Carlyle Group by 21.7% in the first quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider's stock valued at $118,684,000 after purchasing an additional 485,488 shares during the period. Finally, Brooklyn Investment Group increased its holdings in Carlyle Group by 28.6% in the first quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 236 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Stock Up 0.2%

Shares of CG stock traded up $0.14 on Monday, reaching $64.56. 1,511,473 shares of the company were exchanged, compared to its average volume of 2,795,243. The company has a market cap of $23.35 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 1.17 and a beta of 2.01. The company has a 50-day moving average of $59.85 and a 200-day moving average of $49.23. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $65.97.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, August 18th. Carlyle Group's dividend payout ratio is currently 40.94%.

Insider Buying and Selling at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company'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 owned 753,255 shares in the company, valued at $48,381,568.65. This represents a 21.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 26.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. TD Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a report on Wednesday, May 14th. Wells Fargo & Company upped their price target on shares of Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Jefferies Financial Group upped their price target on shares of Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a research report on Wednesday, August 13th. Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Evercore ISI increased their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research report on Thursday, July 10th. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $59.93.

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.