GFG Capital LLC Increases Holdings in Carlyle Group Inc. $CG

Key Points

• GFG Capital LLC increased its holdings in Carlyle Group by 12.1%, owning 51,253 shares worth approximately $2.63 million after acquiring an additional 5,533 shares in Q2.
• Multiple large investors, including Vanguard Group and Ameriprise Financial, have also boosted their stakes in Carlyle Group, with hedge funds now holding over 55.88% of shares.
• Analysts remain positive on Carlyle Group, with several raising their price targets, resulting in an average rating of "Hold" and a price target of $60.87.

GFG Capital LLC lifted its position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 12.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,253 shares of the financial services provider's stock after buying an additional 5,533 shares during the period. GFG Capital LLC's holdings in Carlyle Group were worth $2,634,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Carlyle Group by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider's stock worth $1,058,929,000 after acquiring an additional 1,131,514 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Carlyle Group by 7.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider's stock worth $297,613,000 after acquiring an additional 476,127 shares during the last quarter. Ameriprise Financial Inc. grew its position in Carlyle Group by 21.7% during the 1st quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider's stock worth $118,684,000 after acquiring an additional 485,488 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Carlyle Group by 37.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,604,610 shares of the financial services provider's stock worth $69,945,000 after acquiring an additional 441,276 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Carlyle Group by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,427,171 shares of the financial services provider's stock worth $62,210,000 after acquiring an additional 20,970 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Citigroup reiterated an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 14th. JMP Securities lifted their price objective on Carlyle Group from $70.00 to $75.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 14th. Barclays reiterated 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. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlyle Group in a research report on Wednesday. Finally, Wells Fargo & Company lifted their price objective on Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $60.87.

Insider Transactions at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group stock in a transaction 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 completion of the transaction, the general counsel owned 753,255 shares in the company, valued at approximately $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 26.30% of the company's stock.

Carlyle Group Trading Down 1.7%

CG opened at $60.55 on Thursday. The stock has a market cap of $21.90 billion, a PE ratio of 17.70, a PEG ratio of 1.28 and a beta of 2.00. 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 has a 50 day moving average of $63.95 and a 200-day moving average of $52.64. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85.

Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.3%. 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.

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