Korea Investment CORP Has $6.20 Million Stock Holdings in Carlyle Group Inc. $CG

Key Points

• Korea Investment CORP has reduced its stake in Carlyle Group Inc. by 14.2%, selling 23,494 shares to now hold 142,166 shares valued at approximately $6.2 million.
• Following various institutional investments, Carlyle Group has a significant ownership by institutional investors at 55.88% of its shares.
• The firm declared a quarterly dividend of $0.35 per share, reflecting an annualized dividend yield of 2.2% and a payout ratio of 40.94%.

Korea Investment CORP lessened its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 14.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,166 shares of the financial services provider's stock after selling 23,494 shares during the quarter. Korea Investment CORP's holdings in Carlyle Group were worth $6,197,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brooklyn Investment Group lifted its stake in shares of Carlyle Group by 28.6% in the first quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider's stock worth $46,000 after acquiring an additional 236 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Carlyle Group by 6.2% in the fourth quarter. Tidal Investments LLC now owns 5,219 shares of the financial services provider's stock worth $264,000 after acquiring an additional 306 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Carlyle Group by 6.5% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,147 shares of the financial services provider's stock worth $224,000 after acquiring an additional 314 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of 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 in the last quarter. Finally, American Trust lifted its stake in shares of Carlyle Group by 6.8% in the fourth quarter. American Trust now owns 5,320 shares of the financial services provider's stock worth $269,000 after acquiring an additional 340 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Analyst Ratings Changes

CG has been the subject of several research reports. JMP Securities lifted their target price 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. Evercore ISI lifted their target price on Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research report on Thursday, July 10th. Cowen raised Carlyle Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Wells Fargo & Company upped their target price on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Finally, Keefe, Bruyette & Woods upped their target price on Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Carlyle Group has an average rating of "Hold" and an average price target of $59.93.

Insider Transactions at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the 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 sale, the general counsel owned 753,255 shares in the company, valued at approximately $48,381,568.65. This represents a 21.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 26.30% of the company's stock.

Carlyle Group Stock Performance

CG stock traded up $0.24 on Thursday, reaching $64.96. The company's stock had a trading volume of 348,273 shares, compared to its average volume of 2,830,136. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $65.97. The company has a market capitalization of $23.50 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.18 and a beta of 1.90. The firm has a fifty day moving average of $58.80 and a two-hundred day moving average of $48.96. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, August 18th. Carlyle Group's dividend payout ratio (DPR) is presently 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.