Swedbank AB Buys 11,016 Shares of Carlyle Group Inc. $CG

Swedbank AB boosted its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 69.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,842 shares of the financial services provider’s stock after acquiring an additional 11,016 shares during the period. Swedbank AB’s holdings in Carlyle Group were worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission.

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

Carlyle Group Stock Up 0.3%

Shares of NASDAQ:CG opened at $66.98 on Wednesday. The company has a market cap of $24.23 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.22 and a beta of 2.01. The firm has a fifty day moving average price of $62.59 and a two-hundred day moving average price of $50.36. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $68.20. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were given a $0.35 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.1%. Carlyle Group’s payout ratio is presently 40.94%.

Insider Buying and Selling at Carlyle Group

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total transaction of $13,013,383.38. Following the sale, the general counsel owned 753,255 shares of the company’s stock, valued at $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 available at this link. Insiders own 26.30% of the company’s stock.

Analyst Upgrades and Downgrades

CG has been the subject of several research analyst reports. JMP Securities upped their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a report on Thursday, August 14th. Barclays reiterated an “overweight” rating and set a $74.00 price target (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Jefferies Financial Group increased their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. Citigroup reissued an “outperform” rating on shares of Carlyle Group in a research report on Thursday, August 14th. Finally, Evercore ISI upped their target price on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a report on Thursday, July 10th. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carlyle Group has an average rating of “Hold” and an average price target of $59.93.

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.