Stanley Laman Group Ltd. Has $4.17 Million Stock Position in Carlyle Group Inc. $CG

Key Points

• Stanley Laman Group Ltd. reduced its stake in Carlyle Group Inc. by 7.5%, holding 81,038 shares worth approximately $4.17 million after selling 6,579 shares in the second quarter.
• Carlyle Group's stock price is currently at $57.14, with a market capitalization of $20.67 billion and a current ratio of 2.24, indicating a stable financial position.
• The company declared a quarterly dividend of $0.35 per share, resulting in an annualized rate of $1.40 and a yield of 2.5%, with a payout ratio of 40.94%.

Stanley Laman Group Ltd. trimmed its position in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 7.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,038 shares of the financial services provider's stock after selling 6,579 shares during the quarter. Stanley Laman Group Ltd.'s holdings in Carlyle Group were worth $4,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 1,131,514 shares during the last quarter. Citigroup Inc. grew its stake in Carlyle Group by 484.4% in the first quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider's stock valued at $27,176,000 after purchasing an additional 516,761 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of 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 during the period. Nuveen LLC acquired a new stake in shares of Carlyle Group during the first quarter worth $20,793,000. Finally, Massachusetts Financial Services Co. MA raised its stake in Carlyle Group by 7.5% in the first 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. Institutional investors and hedge funds own 55.88% of the company's stock.

Carlyle Group Stock Up 0.3%

CG opened at $57.14 on Friday. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $69.85. The firm's 50 day simple moving average is $63.56 and its two-hundred day simple moving average is $53.27. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $20.67 billion, a PE ratio of 16.71, a PEG ratio of 1.21 and a beta of 2.00.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 18th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.40 annualized dividend and a yield of 2.5%. Carlyle Group's dividend payout ratio is 40.94%.

Insider Transactions at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group stock in a transaction that occurred 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 of the company's stock, valued at $48,381,568.65. The trade was a 21.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 26.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CG has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Citigroup dropped their price objective on shares of Carlyle Group from $75.00 to $74.00 and set a "buy" rating on the stock in a report on Monday, October 13th. JMP Securities upped their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the stock 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 research note on Thursday, July 10th. Finally, Barclays reaffirmed an "overweight" rating and issued a $74.00 target price (up from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Seven equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.47.

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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