MetLife Investment Management LLC Grows Stock Holdings in 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 grew its holdings in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 79.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 213,879 shares of the financial services provider's stock after acquiring an additional 94,780 shares during the period. MetLife Investment Management LLC owned about 0.06% of Carlyle Group worth $9,323,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CG. Frontier Capital Management Co. LLC boosted its holdings in shares of 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 valued at $124,002,000 after acquiring an additional 1,220,827 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Carlyle Group by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider's stock valued at $1,058,929,000 after acquiring an additional 1,131,514 shares during the last quarter. Deutsche Bank AG boosted its holdings in Carlyle Group by 250.1% during the fourth quarter. Deutsche Bank AG now owns 1,041,816 shares of the financial services provider's stock worth $52,601,000 after buying an additional 744,238 shares in the last quarter. Citigroup Inc. boosted its holdings 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 buying an additional 516,761 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings 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 buying an additional 485,488 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Stock Up 1.9%

Shares of CG opened at $64.87 on Wednesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $65.97. The stock has a market capitalization of $23.46 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 1.16 and a beta of 1.90. The stock has a 50 day moving average price of $58.45 and a 200 day moving average price of $48.85.

Carlyle Group Announces Dividend

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

Insider Activity 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 that occurred on Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total value of $13,013,383.38. Following the transaction, the general counsel directly owned 753,255 shares of the company's stock, valued at $48,381,568.65. This trade represents a 21.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 26.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CG. Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Citigroup reissued an "outperform" rating on shares of Carlyle Group in a report on Thursday, August 14th. Keefe, Bruyette & Woods increased their price target on shares of Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. TD Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price target on the stock in a report on Wednesday, May 14th. Finally, JMP Securities increased their price objective on shares of Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a report on Thursday, August 14th. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Carlyle Group presently has a consensus rating of "Hold" and an average price target of $59.93.

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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