Swedbank AB Acquires 11,016 Shares of Carlyle Group Inc. $CG

Key Points

• Swedbank AB increased its stake in Carlyle Group by 69.6%, acquiring 11,016 shares, bringing its total holdings to 26,842 shares valued at approximately $1,170,000.
• Carlyle Group announced a quarterly dividend of $0.35, resulting in an annualized dividend of $1.40 and a yield of 2.1%.
• Multiple other institutional investors also boosted their positions in Carlyle Group during the first quarter, with a combined ownership of 55.88% of the company’s stock.

Swedbank AB lifted its position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 69.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,842 shares of the financial services provider's stock after buying an additional 11,016 shares during the period. Swedbank AB's holdings in Carlyle Group were worth $1,170,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Bank Pictet & Cie Europe AG purchased a new position in Carlyle Group in the 4th quarter worth approximately $215,000. Focus Partners Wealth purchased a new position in Carlyle Group in the 4th quarter worth approximately $215,000. Nuveen Asset Management LLC increased its stake in Carlyle Group by 5.9% in the 4th quarter. Nuveen Asset Management LLC now owns 483,102 shares of the financial services provider's stock worth $24,392,000 after purchasing an additional 26,773 shares during the period. ProShare Advisors LLC increased its stake in Carlyle Group by 7.8% in the 4th quarter. ProShare Advisors LLC now owns 9,878 shares of the financial services provider's stock worth $499,000 after purchasing an additional 712 shares during the period. Finally, Royal Bank of Canada increased its stake in Carlyle Group by 2.7% in the 4th quarter. Royal Bank of Canada now owns 368,375 shares of the financial services provider's stock worth $18,599,000 after purchasing an additional 9,514 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CG has been the topic of several research analyst reports. Wells Fargo & Company boosted 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 lifted their price target on Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a research report on Thursday, August 14th. Citigroup restated an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 14th. Barclays restated an "overweight" rating and set a $74.00 price target (up from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Finally, Evercore ISI lifted their price target on Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a research report on Thursday, July 10th. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $59.93.

Carlyle Group Stock Down 1.7%

Carlyle Group stock traded down $1.18 during mid-day trading on Friday, hitting $68.17. The company had a trading volume of 10,856,643 shares, compared to its average volume of 2,372,834. 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 stock's 50 day moving average price is $63.22 and its two-hundred day moving average price is $50.78. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85. The company has a market capitalization of $24.66 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.26 and a beta of 2.01.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, August 18th. Carlyle Group's dividend payout ratio is presently 40.94%.

Insider Activity

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company's 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 of the company's stock, valued at $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 26.30% of the stock is currently owned by insiders.

Carlyle Group Company 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.