Carlyle Group Inc. (NASDAQ:CG) Holdings Lowered by Deutsche Bank AG

Key Points

• Deutsche Bank AG significantly reduced its holdings in Carlyle Group Inc. by 70.9% in the 1st quarter, now owning approximately 0.08% of the company.
• Analyst reports indicate a positive outlook for Carlyle Group, with JMP Securities increasing their price target from $70.00 to $75.00 and designating it with a "market outperform" rating.
• Carlyle Group announced a quarterly dividend of $0.35, set to be paid on August 28th, representing an annualized dividend yield of 2.2%.

Deutsche Bank AG lessened its position in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 70.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 302,985 shares of the financial services provider's stock after selling 738,831 shares during the period. Deutsche Bank AG owned about 0.08% of Carlyle Group worth $13,207,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CG. Whipplewood Advisors LLC lifted its position in Carlyle Group by 5,100.0% during the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 561 shares during the period. Private Trust Co. NA raised its position in Carlyle Group by 101.9% in the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after acquiring an additional 321 shares during the period. Main Street Group LTD bought a new position in Carlyle Group in the fourth quarter worth approximately $29,000. LRI Investments LLC bought a new position in Carlyle Group in the fourth quarter worth approximately $32,000. Finally, Farther Finance Advisors LLC raised its position in Carlyle Group by 117.2% in the first quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider's stock worth $43,000 after acquiring an additional 525 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.

Insider Activity

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company'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 transaction of $13,013,383.38. Following the sale, the general counsel directly owned 753,255 shares of the company's stock, valued at approximately $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 accessible through this hyperlink. 26.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CG has been the subject of several research analyst reports. Citigroup reaffirmed an "outperform" rating on shares of Carlyle Group in a research note on Thursday. JMP Securities raised their target price on shares of Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a research note on Thursday. Wells Fargo & Company raised their target price on shares of Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. TD Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group raised their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Carlyle Group has a consensus rating of "Hold" and a consensus price target of $59.60.

Carlyle Group Trading Down 1.6%

CG traded down $1.05 during midday trading on Friday, hitting $63.86. The company's stock had a trading volume of 1,831,155 shares, compared to its average volume of 2,519,730. 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 Inc. has a 52-week low of $33.02 and a 52-week high of $65.97. The firm has a market cap of $23.10 billion, a P/E ratio of 18.67, a PEG ratio of 1.17 and a beta of 1.90. The firm has a 50-day moving average price of $56.15 and a two-hundred day moving average price of $48.39.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Monday, August 18th will be given 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 of this dividend is Monday, August 18th. Carlyle Group's dividend 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.