Public Employees Retirement System of Ohio Purchases 13,781 Shares of Carlyle Group Inc. $CG

Key Points

• Public Employees Retirement System of Ohio increased its holdings in Carlyle Group Inc. by 20.4%, acquiring an additional 13,781 shares to reach a total of 81,195 shares valued at approximately $4.17 million.
• Several institutional investors, including Whipplewood Advisors and Geneos Wealth Management, significantly boosted their stakes in Carlyle Group during the first quarter, with increases as high as 5,100%.
• Carlyle Group recently announced a quarterly dividend of $0.35 per share, reflecting an annualized payout of $1.40 and a yield of 2.2%.

Public Employees Retirement System of Ohio lifted its position in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 20.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 81,195 shares of the financial services provider's stock after acquiring an additional 13,781 shares during the period. Public Employees Retirement System of Ohio's holdings in Carlyle Group were worth $4,173,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Whipplewood Advisors LLC increased its position in Carlyle Group by 5,100.0% during the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock valued at $25,000 after buying an additional 561 shares in the last quarter. Private Trust Co. NA increased its position in Carlyle Group by 101.9% during the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock valued at $28,000 after buying an additional 321 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock valued at $28,000 after buying an additional 574 shares in the last quarter. National Pension Service increased its position in Carlyle Group by 74.8% during the 1st quarter. National Pension Service now owns 869 shares of the financial services provider's stock valued at $38,000 after buying an additional 372 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in Carlyle Group by 117.2% during the 1st quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider's stock valued at $43,000 after buying an additional 525 shares in the last quarter. Institutional investors own 55.88% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Citigroup reaffirmed an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 14th. Jefferies Financial Group lifted their target price on Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. Barclays reissued an "overweight" rating and issued a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Evercore ISI lifted their target price on Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a report on Thursday, July 10th. Finally, JMP Securities lifted their target price on Carlyle Group from $70.00 to $75.00 and gave the stock a "market outperform" rating in a report on Thursday, August 14th. Six 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $59.93.

Carlyle Group Stock Performance

CG stock opened at $64.89 on Tuesday. The company has a market cap of $23.47 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.16 and a beta of 2.01. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. The stock's fifty day moving average price is $63.95 and its 200-day moving average price is $51.86.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were given a dividend of $0.35 per share. The ex-dividend date was Monday, August 18th. This represents a $1.40 annualized dividend and a yield of 2.2%. Carlyle Group's payout ratio is 40.94%.

Insiders Place Their Bets

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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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