477,020 Shares in Carlyle Group Inc. $CG Purchased by Nuveen LLC

Key Points

• Nuveen LLC acquired a new stake in Carlyle Group Inc. during the first quarter, purchasing 477,020 shares valued at approximately $20.79 million, representing about 0.13% of the company's total stock.
• Carlyle Group's shares recently traded down 1.4%, with a current price of $62.58, and have seen a price range between a 52-week low of $33.02 and a high of $65.97.
• The company announced a quarterly dividend of $0.35 per share, set to be paid on August 28th, translating to an annualized yield of 2.2% and a payout ratio of 40.94%.

Nuveen LLC purchased a new stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 477,020 shares of the financial services provider's stock, valued at approximately $20,793,000. Nuveen LLC owned about 0.13% of Carlyle Group as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CG. Frontier Capital Management Co. LLC increased its stake in Carlyle Group by 98.8% in the fourth 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 purchasing an additional 1,220,827 shares during the last quarter. Vanguard Group Inc. increased its stake in 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 valued at $1,058,929,000 after purchasing an additional 1,131,514 shares during the last quarter. Deutsche Bank AG increased its stake in Carlyle Group by 250.1% in the fourth quarter. Deutsche Bank AG now owns 1,041,816 shares of the financial services provider's stock valued at $52,601,000 after purchasing an additional 744,238 shares during the last quarter. Citigroup Inc. grew its position in shares of 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 acquiring an additional 516,761 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of 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 worth $297,613,000 after acquiring an additional 476,127 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Price Performance

CG stock traded down $0.4460 during trading on Monday, hitting $64.2640. The stock had a trading volume of 292,469 shares, compared to its average volume of 2,821,728. The company's 50 day moving average price is $57.74 and its two-hundred day moving average price is $48.66. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $65.97. The stock has a market cap of $23.24 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 1.18 and a beta of 1.90. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Monday, August 18th will be paid 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 is currently 40.94%.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of research reports. Barclays restated an "overweight" rating and set a $74.00 target price (up from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Jefferies Financial Group increased their price target on Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. JMP Securities increased their price target on Carlyle Group from $70.00 to $75.00 and gave the stock a "market outperform" rating in a report on Thursday, August 14th. Keefe, Bruyette & Woods increased their price target on Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Finally, Wells Fargo & Company raised their target price on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $59.60.

Insider Activity at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were 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 of the company's stock, valued at $48,381,568.65. This represents a 21.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 26.30% of the stock is currently owned by corporate insiders.

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.