Carlyle Group Inc. $CG Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS AM increased its stake in Carlyle Group Inc. (NASDAQ:CG) by 37.9%, acquiring an additional 441,276 shares, bringing its total ownership to 1,604,610 shares valued at approximately $69.9 million.
• Several institutional investors showed significant increases in their holdings in Carlyle Group during the first quarter, with ownership by institutional investors and hedge funds now totaling 55.88% of the company’s stock.
• Carlyle Group's stock recently saw a quarterly dividend of $0.35 per share, resulting in an annualized dividend yield of 2.1%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 37.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,604,610 shares of the financial services provider's stock after buying an additional 441,276 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.44% of Carlyle Group worth $69,945,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Carlyle Group by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider's stock valued at $1,058,929,000 after buying an additional 1,131,514 shares during the period. Massachusetts Financial Services Co. MA increased its stake 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 stake 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. Charles Schwab Investment Management Inc. increased its stake 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. Finally, Goldman Sachs Group Inc. increased its stake in Carlyle Group by 40.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider's stock valued at $49,909,000 after purchasing an additional 332,533 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. 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 research note on Thursday, August 14th. Evercore ISI raised their price target on Carlyle Group from $45.00 to $58.00 and gave the stock an "in-line" rating in a research report on Thursday, July 10th. Wells Fargo & Company raised their price target on Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Barclays reissued an "overweight" rating and set a $74.00 price target (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Finally, Jefferies Financial Group raised their price target on Carlyle Group from $54.00 to $66.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. Six equities research 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, Carlyle Group currently has a consensus rating of "Hold" and an average target price of $59.93.

Insider Activity at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business's stock in a transaction dated 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 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 26.30% of the stock is currently owned by corporate insiders.

Carlyle Group Trading Up 2.6%

Carlyle Group stock traded up $1.78 during midday trading on Thursday, reaching $69.35. The stock had a trading volume of 2,072,172 shares, compared to its average volume of 2,428,830. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.78. The stock has a market capitalization of $25.08 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.23 and a beta of 2.01. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. The stock's 50-day simple moving average is $63.02 and its 200 day simple moving average is $50.62.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Monday, August 18th. Carlyle Group's payout ratio is currently 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.