Hsbc Holdings PLC Has $4.61 Million Stock Position in Carlyle Group Inc. $CG

Key Points

• Hsbc Holdings PLC reduced its stake in Carlyle Group Inc. by 14.6% during the 1st quarter, leaving it with a holding worth $4.61 million.
• Significant movements among institutional investors include Brooklyn Investment Group increasing its stake by 28.6% and Brandywine Global Investment Management acquiring a new stake valued at $9.51 million.
• Carlyle Group recently announced a quarterly dividend of $0.35 per share, representing an annual yield of 2.2% and a payout ratio of 40.94%.

Hsbc Holdings PLC reduced its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 14.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,016 shares of the financial services provider's stock after selling 18,181 shares during the quarter. Hsbc Holdings PLC's holdings in Carlyle Group were worth $4,606,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brooklyn Investment Group lifted its position in shares of Carlyle Group by 28.6% during the 1st quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider's stock worth $46,000 after buying an additional 236 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Carlyle Group by 3.3% during the 1st quarter. American Century Companies Inc. now owns 68,885 shares of the financial services provider's stock worth $3,003,000 after buying an additional 2,207 shares during the last quarter. Brandywine Global Investment Management LLC bought a new stake in shares of Carlyle Group during the 1st quarter worth $9,511,000. Aberdeen Group plc lifted its position in shares of Carlyle Group by 133.0% during the 1st quarter. Aberdeen Group plc now owns 140,042 shares of the financial services provider's stock worth $6,104,000 after buying an additional 79,950 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Carlyle Group by 16.2% during the 1st quarter. Sei Investments Co. now owns 64,616 shares of the financial services provider's stock worth $2,940,000 after buying an additional 9,007 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 transaction of $13,013,383.38. Following the completion of the sale, the general counsel owned 753,255 shares of the company's stock, valued at $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 26.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on CG. Keefe, Bruyette & Woods upped their price objective on Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. Citigroup reiterated an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 14th. TD Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price for the company in a research report on Wednesday, May 14th. Jefferies Financial Group increased their target price on Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a research report on Wednesday, August 13th. Finally, Evercore ISI increased their target price 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. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $59.60.

Carlyle Group Trading Down 1.6%

Shares of CG stock opened at $63.67 on Tuesday. The stock has a market cap of $23.03 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.18 and a beta of 1.90. The stock has a 50-day moving average of $58.07 and a 200-day moving average of $48.74. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $65.97.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Monday, August 18th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is 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%.

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.

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