CSM Advisors LLC Invests $10.81 Million in Carlyle Group Inc. $CG

Key Points

• CSM Advisors LLC invested approximately $10.81 million to acquire 247,855 shares of Carlyle Group Inc., representing about 0.07% of the company's stock.
• Analysts have shown a positive outlook on Carlyle Group, with several upgrades and a consensus price target of $59.60 for the stock.
• The company recently declared a quarterly dividend of $0.35 per share, equating to an annualized yield of 2.2%.

CSM Advisors LLC acquired a new position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 247,855 shares of the financial services provider's stock, valued at approximately $10,807,000. CSM Advisors LLC owned approximately 0.07% of Carlyle Group as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in CG. Bank Pictet & Cie Europe AG purchased a new stake in shares of Carlyle Group in the 4th quarter valued at about $215,000. NewEdge Advisors LLC lifted its holdings in shares of Carlyle Group by 87.4% in the 4th quarter. NewEdge Advisors LLC now owns 9,278 shares of the financial services provider's stock valued at $468,000 after purchasing an additional 4,327 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Carlyle Group by 22.6% in the 4th quarter. First Trust Advisors LP now owns 41,530 shares of the financial services provider's stock valued at $2,097,000 after purchasing an additional 7,649 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of Carlyle Group by 52.7% in the 4th quarter. MML Investors Services LLC now owns 26,097 shares of the financial services provider's stock valued at $1,318,000 after purchasing an additional 9,012 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in shares of Carlyle Group by 0.7% in the 4th quarter. Stifel Financial Corp now owns 182,419 shares of the financial services provider's stock valued at $9,210,000 after purchasing an additional 1,267 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Stock Up 3.9%

CG opened at $64.71 on Monday. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. The business has a 50 day simple moving average of $57.74 and a 200-day simple moving average of $48.66. The stock has a market capitalization of $23.41 billion, a P/E ratio of 18.92, a P/E/G ratio of 1.18 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.

Carlyle Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CG shares. Citigroup reissued an "outperform" rating on shares of Carlyle Group in a report on Thursday, August 14th. Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Barclays reiterated an "overweight" rating and issued a $74.00 target price (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Keefe, Bruyette & Woods lifted their target price on Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. Finally, JMP Securities lifted their target price on Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a research note on Thursday, August 14th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $59.60.

Insider Activity at Carlyle Group

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

About Carlyle Group

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.

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