TD Private Client Wealth LLC Acquires 5,411 Shares of Carlyle Group Inc. $CG

Key Points

• TD Private Client Wealth LLC has increased its holdings in Carlyle Group Inc. by 53.7%, acquiring an additional 5,411 shares in the 2nd quarter, bringing its total ownership to 15,480 shares worth $796,000.
• Various institutional investors, including Vanguard Group and Ameriprise Financial, have also boosted their stakes in Carlyle Group, reflecting strong investor confidence with 55.88% of the stock currently held by institutional investors.
• Recent analyst ratings suggest bullish sentiment for Carlyle Group, with a consensus price target of $59.93 and most analysts giving it a rating of "Hold" or better.

TD Private Client Wealth LLC increased its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 53.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,480 shares of the financial services provider's stock after buying an additional 5,411 shares during the quarter. TD Private Client Wealth LLC's holdings in Carlyle Group were worth $796,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position 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 lifted its position in shares of Carlyle Group by 7.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider's stock worth $297,613,000 after buying an additional 476,127 shares during 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 worth $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 worth $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 worth $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.

Wall Street Analyst Weigh In

CG has been the subject of a number of recent research reports. Citigroup reaffirmed an "outperform" rating on shares of Carlyle Group in a report on Thursday, August 14th. Jefferies Financial Group upped 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. JMP Securities upped 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. Evercore ISI increased their price target 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 reissued an "overweight" rating and issued a $74.00 price target (up previously from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $59.93.

Carlyle Group Trading Up 0.5%

NASDAQ CG opened at $63.99 on Friday. The business has a 50 day simple moving average of $63.85 and a 200 day simple moving average of $51.56. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85. The stock has a market capitalization of $23.15 billion, a P/E ratio of 18.71, a P/E/G ratio of 1.16 and a beta of 2.01. 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 Announces Dividend

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

Insider Buying and Selling

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the firm's stock in a transaction that occurred 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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 26.30% of the stock is owned by corporate insiders.

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.

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