LPL Financial LLC Has $7.57 Million Holdings in Carlyle Group Inc. (NASDAQ:CG)

LPL Financial LLC increased its position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 5.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 173,645 shares of the financial services provider's stock after buying an additional 8,425 shares during the period. LPL Financial LLC's holdings in Carlyle Group were worth $7,569,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in CG. Capital World Investors lifted its stake in Carlyle Group by 0.3% in the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider's stock worth $998,609,000 after purchasing an additional 50,784 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Carlyle Group by 7.5% in 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 purchasing an additional 476,127 shares in the last quarter. Frontier Capital Management Co. LLC lifted its stake in Carlyle Group by 98.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider's stock worth $124,002,000 after purchasing an additional 1,220,827 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Carlyle Group by 8.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,237,249 shares of the financial services provider's stock worth $112,959,000 after purchasing an additional 167,331 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Carlyle Group by 14.9% in the 4th quarter. Northern Trust Corp now owns 2,205,181 shares of the financial services provider's stock worth $111,340,000 after purchasing an additional 285,935 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Carlyle Group

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

Carlyle Group Trading Down 0.6%

NASDAQ CG traded down $0.42 during mid-day trading on Thursday, hitting $65.01. The company's stock had a trading volume of 1,437,381 shares, compared to its average volume of 2,842,031. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $65.97. The stock's fifty day simple moving average is $55.40 and its two-hundred day simple moving average is $48.34. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.36. The firm has a market capitalization of $23.52 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 1.18 and a beta of 1.90.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Monday, August 18th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. Carlyle Group's dividend payout ratio (DPR) is presently 40.94%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CG shares. Evercore ISI raised their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research report on Thursday, July 10th. TD Cowen upgraded shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price target for the company in a research report on Wednesday, May 14th. JMP Securities set a $75.00 price target on shares of Carlyle Group and gave the company a "market outperform" rating in a research report on Thursday. Keefe, Bruyette & Woods lifted their price target on shares of Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. Finally, Wells Fargo & Company lifted their price target on shares of Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Carlyle Group currently has an average rating of "Hold" and an average price target of $59.19.

About Carlyle Group

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.