Voya Investment Management LLC Has $1.19 Million Holdings in Carlyle Group Inc. $CG

Voya Investment Management LLC increased its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,336 shares of the financial services provider’s stock after purchasing an additional 713 shares during the quarter. Voya Investment Management LLC’s holdings in Carlyle Group were worth $1,192,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Carlyle Group by 4.9% during the first quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock valued at $1,058,929,000 after purchasing an additional 1,131,514 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in 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 valued at $297,613,000 after acquiring an additional 476,127 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in 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 valued at $118,684,000 after acquiring an additional 485,488 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in 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 valued at $69,945,000 after acquiring an additional 441,276 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in 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 valued at $62,210,000 after acquiring an additional 20,970 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CG. Barclays reaffirmed an “overweight” rating and issued a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Jefferies Financial Group raised their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. Wells Fargo & Company increased their target price on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 14th. Finally, JMP Securities increased their target price 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. Six equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Carlyle Group currently has an average rating of “Hold” and a consensus target price of $59.93.

Insider Activity at Carlyle Group

In other news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the business’s 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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 26.30% of the company’s stock.

Carlyle Group Price Performance

Shares of Carlyle Group stock opened at $67.20 on Wednesday. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. 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 has a 50-day simple moving average of $63.58 and a two-hundred day simple moving average of $51.15. The stock has a market capitalization of $24.31 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.23 and a beta of 2.01.

Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were paid a $0.35 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.40 annualized dividend and a yield of 2.1%. 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.