MetLife Investment Management LLC Buys 94,780 Shares of Carlyle Group Inc. $CG

Key Points

• MetLife Investment Management LLC increased its stake in Carlyle Group by 79.6%, owning 213,879 shares valued at approximately $9.32 million by the end of the first quarter.
• Other institutional investors, including Frontier Capital and Citigroup, have also significantly boosted their holdings in Carlyle Group, reflecting a growing interest among major financial firms.
• Carlyle Group has announced a quarterly dividend of $0.35, with a dividend yield of 2.2%, which will be paid on August 28th to stockholders of record.

MetLife Investment Management LLC lifted its stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 79.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 213,879 shares of the financial services provider's stock after purchasing an additional 94,780 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Carlyle Group worth $9,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Brooklyn Investment Group raised its position in shares of Carlyle Group by 28.6% in the 1st quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider's stock worth $46,000 after purchasing an additional 236 shares during the last quarter. Tidal Investments LLC raised its position in shares of Carlyle Group by 6.2% in the 4th quarter. Tidal Investments LLC now owns 5,219 shares of the financial services provider's stock worth $264,000 after purchasing an additional 306 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Carlyle Group by 6.5% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,147 shares of the financial services provider's stock worth $224,000 after purchasing an additional 314 shares during the last quarter. Private Trust Co. NA raised its position in shares of Carlyle Group by 101.9% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after purchasing an additional 321 shares during the last quarter. Finally, American Trust raised its position in shares of Carlyle Group by 6.8% in the 4th quarter. American Trust now owns 5,320 shares of the financial services provider's stock worth $269,000 after purchasing an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. 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 report on Thursday, August 14th. TD Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a report on Wednesday, May 14th. Jefferies Financial Group lifted their price objective on Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. Citigroup reiterated an "outperform" rating on shares of Carlyle Group in a report on Thursday, August 14th. Finally, Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $59.93.

Carlyle Group Stock Performance

Shares of Carlyle Group stock traded up $0.14 during trading hours on Monday, reaching $64.56. 1,511,473 shares of the stock traded hands, compared to its average volume of 2,795,243. The company has a 50 day moving average price of $59.85 and a 200 day moving average price of $49.23. The firm has a market capitalization of $23.35 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 1.17 and a beta of 2.01. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $65.97. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52.

Carlyle Group Dividend Announcement

The company also recently declared 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, August 18th. Carlyle Group's payout ratio is currently 40.94%.

Insider Activity

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business'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 transaction, the general counsel directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. The trade was a 21.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 26.30% of the stock is currently owned by corporate insiders.

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.