MGO One Seven LLC Acquires New Shares in Carlyle Group Inc. $CG

Key Points

• MGO One Seven LLC acquired 4,725 shares of Carlyle Group Inc., valued at approximately $243,000, indicating growing interest from institutional investors in the firm.
• Several analysts have recently adjusted their price targets for Carlyle Group, with Citigroup lowering it to $74.00, while JMP Securities raised it to $75.00.
• The company declared a quarterly dividend of $0.35 per share, representing a yield of 2.4%, with a payout ratio of 40.94%.

MGO One Seven LLC acquired a new stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,725 shares of the financial services provider's stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CG. Vanguard Group Inc. increased its stake in shares of Carlyle Group by 4.9% in 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 purchasing an additional 1,131,514 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Carlyle Group by 7.5% during 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 purchasing an additional 476,127 shares in the last quarter. 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 valued at $118,684,000 after purchasing an additional 485,488 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Carlyle Group by 37.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,604,610 shares of the financial services provider's stock valued at $69,945,000 after purchasing an additional 441,276 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Carlyle Group by 1.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,427,171 shares of the financial services provider's stock worth $62,210,000 after acquiring an additional 20,970 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup reduced their target price on Carlyle Group from $75.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, October 13th. JMP Securities upped 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. Barclays reaffirmed an "overweight" rating and set a $74.00 price objective (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carlyle Group in a report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their price objective on Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $61.47.

Carlyle Group Price Performance

CG opened at $58.29 on Tuesday. 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 Inc. has a 12 month low of $33.02 and a 12 month high of $69.85. The company has a fifty day simple moving average of $63.47 and a 200 day simple moving average of $53.58. The stock has a market cap of $21.08 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.21 and a beta of 2.00.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, August 18th. Carlyle Group's dividend payout ratio is 40.94%.

Insider Transactions at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction dated 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 owned 753,255 shares in the company, valued at approximately $48,381,568.65. This represents a 21.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 26.30% of the company's stock.

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.

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