Investment Partners Asset Management Inc. Makes New Investment in Carlyle Group Inc. $CG

Key Points

• Investment Partners Asset Management Inc. purchased 4,528 shares of Carlyle Group Inc., valued at approximately $233,000, marking their new position in the company for the 2nd quarter.
• Analysts have shown optimism towards Carlyle Group, with several raising target prices; JMP Securities has increased its target from $70.00 to $75.00 while Barclays raised theirs from $66.00 to $74.00.
• Carlyle Group announced a quarterly dividend of $0.35 per share, reflecting an annualized dividend of $1.40 and a yield of 2.2%.

Investment Partners Asset Management Inc. purchased a new position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,528 shares of the financial services provider's stock, valued at approximately $233,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CG. Vanguard Group Inc. increased its stake in Carlyle Group by 4.9% during the first 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. Citigroup Inc. increased its stake in Carlyle Group by 484.4% during the first quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider's stock worth $27,176,000 after acquiring an additional 516,761 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Carlyle Group by 21.7% during the first 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. Nuveen LLC acquired a new stake in shares of Carlyle Group in the first quarter valued at about $20,793,000. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Carlyle Group by 7.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider's stock valued at $297,613,000 after buying an additional 476,127 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. JMP Securities increased 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. Wells Fargo & Company increased their target price on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. 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 note on Thursday, July 10th. Barclays reiterated an "overweight" rating and issued a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Finally, Jefferies Financial Group increased 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. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $59.93.

Carlyle Group Trading Up 0.5%

Shares of CG opened at $63.99 on Friday. The company has a market capitalization of $23.15 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.16 and a beta of 2.01. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a 50-day moving average price of $63.85 and a 200 day moving average price of $51.56.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders 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 dividend yield of 2.2%. Carlyle Group's dividend payout ratio (DPR) is presently 40.94%.

Insider Activity at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.

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