Sei Investments Co. Has $2.94 Million Holdings in Carlyle Group Inc. $CG

Key Points

• Sei Investments Co. increased its stake in Carlyle Group Inc. by 16.2% in Q1, now holding 64,616 shares worth approximately $2.94 million.
• Carlyle Group's recent quarterly dividend will be $0.35 per share, resulting in an annualized yield of 2.2% and a payout ratio of 40.94%.
• Analyst ratings for Carlyle Group show a consensus "Hold" with a price target averaging $59.60, while two analysts have rated it a "sell" and seven a "buy".

Sei Investments Co. increased its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 16.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,616 shares of the financial services provider's stock after buying an additional 9,007 shares during the quarter. Sei Investments Co.'s holdings in Carlyle Group were worth $2,940,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG bought a new position in Carlyle Group during the 4th quarter worth about $215,000. Invesco Ltd. raised its position in Carlyle Group by 9.7% in the 4th quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider's stock valued at $32,856,000 after buying an additional 57,606 shares during the last quarter. Mariner LLC lifted its stake in Carlyle Group by 3.0% in the 4th quarter. Mariner LLC now owns 38,689 shares of the financial services provider's stock valued at $1,953,000 after acquiring an additional 1,129 shares in the last quarter. Bridgewater Associates LP bought a new stake in Carlyle Group in the 4th quarter valued at approximately $722,000. Finally, NewEdge Advisors LLC lifted its stake in Carlyle Group by 87.4% in the 4th quarter. NewEdge Advisors LLC now owns 9,278 shares of the financial services provider's stock valued at $468,000 after acquiring an additional 4,327 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Insider Transactions at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business's stock in a transaction on 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 in the company, valued at $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 26.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

CG has been the subject of several analyst reports. TD Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a report on Wednesday, May 14th. Jefferies Financial Group raised their price objective on Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. JMP Securities raised their price objective on Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a report on Thursday, August 14th. Evercore ISI raised their price objective on Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a report on Thursday, July 10th. Finally, Wells Fargo & Company raised their price objective 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 issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $59.60.

Carlyle Group Trading Down 2.1%

Shares of Carlyle Group stock traded down $1.2830 during trading on Wednesday, hitting $61.2970. The company's stock had a trading volume of 1,668,656 shares, compared to its average volume of 2,827,857. The stock has a market cap of $22.17 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 1.16 and a beta of 1.90. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $65.97. The stock has a 50-day moving average price of $56.80 and a two-hundred day moving average price of $48.49.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Monday, August 18th will be issued a $0.35 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.40 annualized dividend and a yield of 2.3%. Carlyle Group's payout ratio is presently 40.94%.

Carlyle Group Profile

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.