Wesbanco Bank Inc. Has $9.43 Million Stake in Carlyle Group Inc. $CG

Key Points

• Wesbanco Bank Inc. increased its stake in Carlyle Group Inc. by 3.2%, owning a total of 183,506 shares valued at approximately $9.4 million as of the end of the second quarter.
• Multiple institutional investors, including Whipplewood Advisors LLC and Private Trust Co. NA, have significantly increased their positions in Carlyle Group during the first quarter, indicating growing confidence in the company.
• Carlyle Group recently declared a quarterly dividend of $0.35, resulting in an annualized dividend yield of 2.1%, with a payout ratio of 40.94%.

Wesbanco Bank Inc. increased its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,506 shares of the financial services provider's stock after purchasing an additional 5,615 shares during the quarter. Wesbanco Bank Inc. owned approximately 0.05% of Carlyle Group worth $9,432,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Carlyle Group by 3.5% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider's stock worth $277,000 after purchasing an additional 215 shares during the period. Brooklyn Investment Group grew its stake in Carlyle Group by 28.6% during the 1st quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 236 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in Carlyle Group by 1.0% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 28,315 shares of the financial services provider's stock worth $1,234,000 after buying an additional 289 shares during the last quarter. Tidal Investments LLC lifted its holdings in Carlyle Group by 6.2% during the 4th quarter. Tidal Investments LLC now owns 5,219 shares of the financial services provider's stock worth $264,000 after buying an additional 306 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of Carlyle Group by 6.5% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,147 shares of the financial services provider's stock worth $224,000 after purchasing an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

Insiders Place Their Bets

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group 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 directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 26.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CG shares. Wells Fargo & Company lifted their target price on Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Evercore ISI upped their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a research report on Thursday, July 10th. Barclays restated an "overweight" rating and set a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Citigroup restated an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 14th. Finally, Jefferies Financial Group boosted their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Carlyle Group currently has an average rating of "Hold" and an average target price of $59.93.

Carlyle Group Stock Performance

Shares of CG stock traded down $0.72 during mid-day trading on Friday, reaching $68.63. The stock had a trading volume of 986,708 shares, compared to its average volume of 2,795,268. The firm's 50 day simple moving average is $63.02 and its 200 day simple moving average is $50.62. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85. The firm has a market cap of $24.82 billion, a PE ratio of 20.07, a P/E/G ratio of 1.23 and a beta of 2.01.

Carlyle Group Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.0%. Carlyle Group's payout ratio is 40.94%.

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.