Carlyle Group Inc. $CG Stock Position Lifted by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. increased its holdings in Carlyle Group by 10.1%, acquiring an additional 8,066 shares, bringing its total to 87,859 shares valued at $3,830,000.
• Multiple institutional investors, including Ameriprise Financial and Aberdeen Group, also significantly increased their positions in Carlyle Group during the first quarter of the year, reflecting confidence in the firm's growth prospects.
• Carlyle Group has received positive analyst ratings, with upgrades leading to an average target price of $59.93, including a recent upgrade from TD Cowen to a "buy" rating.

Northwestern Mutual Wealth Management Co. boosted its position in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 10.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,859 shares of the financial services provider's stock after buying an additional 8,066 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Carlyle Group were worth $3,830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC lifted its holdings in Carlyle Group by 5,100.0% in the first quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 561 shares during the period. Private Trust Co. NA raised its stake in shares of Carlyle Group by 101.9% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after buying an additional 321 shares during the last quarter. Main Street Group LTD acquired a new position in shares of Carlyle Group during the 4th quarter worth $29,000. LRI Investments LLC acquired a new position in shares of Carlyle Group during the 4th quarter worth $32,000. Finally, National Pension Service raised its stake in shares of Carlyle Group by 74.8% during the 1st quarter. National Pension Service now owns 869 shares of the financial services provider's stock worth $38,000 after buying an additional 372 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on CG. Evercore ISI lifted their price target on Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research note on Thursday, July 10th. Wells Fargo & Company lifted their price objective on Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Citigroup reiterated an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 14th. 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 research report on Thursday, August 14th. Finally, 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 research report on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $59.93.

Carlyle Group Trading Up 0.2%

Shares of NASDAQ:CG traded up $0.14 during trading on Friday, reaching $64.56. 1,511,473 shares of the stock were exchanged, compared to its average volume of 2,795,243. 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 12-month low of $33.02 and a 12-month high of $65.97. The firm has a market cap of $23.35 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.17 and a beta of 2.01. The firm's 50-day moving average price is $59.50 and its 200 day moving average price is $49.14.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were issued 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 was Monday, August 18th. Carlyle Group's payout ratio is 40.94%.

Insider Buying and Selling at Carlyle Group

In other 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 value of $13,013,383.38. Following the completion of the sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 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.