Robertson Stephens Wealth Management LLC Invests $244,000 in Carlyle Group Inc. $CG

Key Points

• Robertson Stephens Wealth Management LLC invested approximately $244,000 in Carlyle Group Inc., acquiring 4,749 shares of the financial services provider's stock in the second quarter.
• Carlyle Group recently announced a quarterly dividend of $0.35 per share, reflecting an annualized yield of 2.5% with a dividend payout ratio of 40.94%.
• Major institutional investors, including Vanguard Group and Ameriprise Financial, have increased their holdings in Carlyle Group, which now sees 55.88% of its stock owned by institutional investors and hedge funds.

Robertson Stephens Wealth Management LLC acquired a new position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,749 shares of the financial services provider's stock, valued at approximately $244,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Carlyle Group by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider's stock worth $1,058,929,000 after buying an additional 1,131,514 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Carlyle Group by 7.5% in the 1st 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. increased its holdings in Carlyle Group by 21.7% in the 1st 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 increased its holdings in Carlyle Group by 37.9% in the 1st 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. increased its holdings in 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 valued at $62,210,000 after purchasing an additional 20,970 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Stock Performance

Shares of CG stock opened at $56.13 on Monday. 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 $69.85. The company's 50-day simple moving average is $63.87 and its 200-day simple moving average is $52.90. The stock has a market capitalization of $20.30 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 1.17 and a beta of 2.00.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a yield of 2.5%. Carlyle Group's dividend payout ratio (DPR) is currently 40.94%.

Insider Transactions 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 dated 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 owned 753,255 shares of the company's stock, valued at $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 26.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CG. Barclays reiterated an "overweight" rating and issued a $74.00 price target (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Carlyle Group in a report on Wednesday, October 8th. 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 research note on Friday, July 11th. JMP Securities raised their target price on Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a research note on Thursday, August 14th. Finally, Citigroup restated an "outperform" rating on shares of Carlyle Group in a research note on Thursday, August 14th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $60.87.

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.

Want to see what other hedge funds are holding CG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlyle Group Inc. (NASDAQ:CG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.