CSM Advisors LLC Takes $10.81 Million Position 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 bought a new position in Carlyle Group Inc. (NASDAQ:CG - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 247,855 shares of the financial services provider's stock, valued at approximately $10,807,000. CSM Advisors LLC owned 0.07% of Carlyle Group as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the stock. Brooklyn Investment Group raised its holdings in Carlyle Group by 28.6% in the 1st quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider's stock worth $46,000 after purchasing an additional 236 shares during the period. Tidal Investments LLC raised its holdings in Carlyle Group by 6.2% in the 4th quarter. Tidal Investments LLC now owns 5,219 shares of the financial services provider's stock worth $264,000 after purchasing an additional 306 shares during the period. Dynamic Advisor Solutions LLC raised its holdings in Carlyle Group by 6.5% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,147 shares of the financial services provider's stock valued at $224,000 after acquiring an additional 314 shares during the period. Private Trust Co. NA raised its holdings in Carlyle Group by 101.9% during the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 321 shares during the period. Finally, American Trust raised its holdings in Carlyle Group by 6.8% during the fourth quarter. American Trust now owns 5,320 shares of the financial services provider's stock valued at $269,000 after acquiring an additional 340 shares during the period. 55.88% of the stock is owned by institutional investors.

Carlyle Group Trading Up 0.2%

CG traded up $0.14 on Friday, hitting $64.56. The company had a trading volume of 1,511,473 shares, compared to its average volume of 2,862,726. The company has a market cap of $23.35 billion, a PE ratio of 18.88, a PEG ratio of 1.17 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. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. The business's fifty day simple moving average is $59.50 and its 200 day simple moving average is $49.15.

Carlyle Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CG shares. Jefferies Financial Group raised their price target on Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. Barclays reissued an "overweight" rating and set a $74.00 price target (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Keefe, Bruyette & Woods raised their price objective on Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. Citigroup restated an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 14th. Finally, Evercore ISI raised their price objective on Carlyle Group from $45.00 to $58.00 and gave the company 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $59.93.

Insider Buying and Selling

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group 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 in the company, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 26.30% of the company's stock.

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.