William Blair Investment Management LLC Has $511.40 Million Stock Position in Carlyle Group Inc. $CG

Key Points

• William Blair Investment Management LLC reduced its stake in Carlyle Group Inc. by 18.3%, holding approximately $511.40 million worth of shares, representing about 1.4% of its total portfolio.
• Other institutional investors, including Vanguard Group and Ameriprise Financial, increased their holdings in Carlyle Group in recent quarters, as more than 55% of the stock is owned by institutional investors.
• Carlyle Group recently declared a quarterly dividend of $0.35, equating to an annualized dividend of $1.40 and a dividend yield of 2.5%, with a payout ratio of 40.94%.

William Blair Investment Management LLC trimmed its position in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 18.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,949,455 shares of the financial services provider's stock after selling 2,222,023 shares during the quarter. Carlyle Group makes up approximately 1.4% of William Blair Investment Management LLC's portfolio, making the stock its 11th largest position. William Blair Investment Management LLC owned approximately 2.76% of Carlyle Group worth $511,402,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CG. Vanguard Group Inc. lifted its position in shares of Carlyle Group by 4.9% in the first quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider's stock worth $1,058,929,000 after purchasing an additional 1,131,514 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of 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 worth $297,613,000 after purchasing an additional 476,127 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Carlyle Group by 21.7% in the first 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 lifted its position in shares of Carlyle Group by 37.9% in the first 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. lifted its position in shares of Carlyle Group by 1.5% in the first 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 and hedge funds.

Insider Activity 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. 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 can be accessed through this hyperlink. 26.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CG has been the subject of a number of research analyst reports. Citigroup reduced their price target on shares of Carlyle Group from $75.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, October 13th. JMP Securities lifted their target price on shares of Carlyle Group from $70.00 to $75.00 and gave the company a "market outperform" rating in a research note on Thursday, August 14th. BMO Capital Markets initiated coverage on shares of Carlyle Group in a research note on Friday, October 3rd. They issued an "outperform" rating and a $74.00 target price for the company. Barclays reiterated an "overweight" rating and issued a $74.00 target price (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Carlyle Group in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Carlyle Group presently has a consensus rating of "Hold" and an average target price of $61.47.

Carlyle Group Trading Up 0.3%

NASDAQ:CG opened at $57.14 on Friday. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85. The firm has a market cap of $20.67 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 1.21 and a beta of 2.00. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. The company's 50 day moving average is $63.56 and its 200-day moving average is $53.27.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were given a $0.35 dividend. 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 2.5%. Carlyle Group's dividend payout ratio (DPR) is currently 40.94%.

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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