Northwestern Mutual Wealth Management Co. Lowers Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Northwestern Mutual Wealth Management Co. lowered its stake in The Carlyle Group Inc. (NASDAQ:CGGet Rating) by 70.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,731 shares of the financial services provider’s stock after selling 4,207 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in The Carlyle Group were worth $55,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CG. Carret Asset Management LLC raised its holdings in The Carlyle Group by 10.4% during the second quarter. Carret Asset Management LLC now owns 18,000 shares of the financial services provider’s stock worth $570,000 after purchasing an additional 1,700 shares in the last quarter. Aviva PLC lifted its holdings in shares of The Carlyle Group by 420.5% in the 2nd quarter. Aviva PLC now owns 254,652 shares of the financial services provider’s stock valued at $8,062,000 after buying an additional 205,729 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of The Carlyle Group by 25.7% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 51,063 shares of the financial services provider’s stock valued at $1,617,000 after buying an additional 10,448 shares in the last quarter. TD Asset Management Inc. grew its holdings in The Carlyle Group by 22.8% during the second quarter. TD Asset Management Inc. now owns 15,592 shares of the financial services provider’s stock worth $494,000 after acquiring an additional 2,900 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its holdings in The Carlyle Group by 13.1% in the second quarter. Thoroughbred Financial Services LLC now owns 8,915 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 1,035 shares during the period. 94.38% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Stock Performance

NASDAQ:CG opened at $30.18 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.63 and a quick ratio of 2.63. The firm has a market cap of $10.97 billion, a PE ratio of 6.31 and a beta of 1.68. The firm has a 50 day simple moving average of $28.34 and a 200-day simple moving average of $32.83. The Carlyle Group Inc. has a 1-year low of $24.59 and a 1-year high of $60.62.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Friday, November 18th will be paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Thursday, November 17th. The Carlyle Group’s dividend payout ratio is presently 27.20%.

Analyst Ratings Changes

CG has been the subject of a number of research analyst reports. TheStreet downgraded shares of The Carlyle Group from a “b-” rating to a “c” rating in a report on Thursday, July 28th. JPMorgan Chase & Co. decreased their price target on The Carlyle Group from $53.00 to $45.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 18th. BMO Capital Markets dropped their price objective on The Carlyle Group from $57.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday. Bank of America reissued an “underperform” rating and issued a $34.00 target price on shares of The Carlyle Group in a report on Thursday, October 6th. Finally, UBS Group boosted their price objective on shares of The Carlyle Group from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.43.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 167,755 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $50.85, for a total transaction of $8,530,341.75. Following the completion of the transaction, the insider now owns 40,307,862 shares of the company’s stock, valued at approximately $2,049,654,782.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 29.80% of the company’s stock.

The Carlyle Group Profile

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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.

See Also

Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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