132,108 Shares in Carlyle Group Inc. $CG Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC acquired a new position in Carlyle Group Inc. (NASDAQ:CG) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 132,108 shares of the financial services provider’s stock, valued at approximately $5,759,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG purchased a new stake in Carlyle Group during the 4th quarter valued at $215,000. BNP Paribas Financial Markets purchased a new stake in Carlyle Group during the 4th quarter valued at $4,227,000. Bank of America Corp DE raised its stake in Carlyle Group by 4.1% during the 4th quarter. Bank of America Corp DE now owns 764,394 shares of the financial services provider’s stock valued at $38,594,000 after buying an additional 30,386 shares during the last quarter. Cetera Investment Advisers raised its stake in Carlyle Group by 12.6% during the 4th quarter. Cetera Investment Advisers now owns 45,085 shares of the financial services provider’s stock valued at $2,276,000 after buying an additional 5,049 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in Carlyle Group by 250.1% during the 4th quarter. Deutsche Bank AG now owns 1,041,816 shares of the financial services provider’s stock valued at $52,601,000 after buying an additional 744,238 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total value of $13,013,383.38. Following the completion of the sale, the general counsel owned 753,255 shares in the company, valued at approximately $48,381,568.65. This represents a 21.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 26.30% of the company’s stock.

Carlyle Group Trading Down 0.8%

Shares of CG stock opened at $63.63 on Wednesday. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $65.97. The firm has a fifty day moving average price of $61.45 and a 200-day moving average price of $49.75. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap of $23.01 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.17 and a beta of 2.01.

Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, August 18th. Carlyle Group’s dividend payout ratio is presently 40.94%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CG. TD Cowen upgraded shares of Carlyle Group from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Wednesday, May 14th. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a research note on Thursday, August 14th. Wells Fargo & Company boosted their target price on shares of Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. Jefferies Financial Group boosted their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. Finally, Evercore ISI boosted 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. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Carlyle Group currently has an average rating of “Hold” and a consensus target price of $59.93.

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.