Vanguard Personalized Indexing Management LLC Boosts Holdings in Carlyle Group Inc. $CG

Vanguard Personalized Indexing Management LLC increased its position in Carlyle Group Inc. (NASDAQ:CG) by 18.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,268 shares of the financial services provider’s stock after buying an additional 3,738 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Carlyle Group were worth $1,247,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CG. Private Trust Co. NA increased its stake in shares of Carlyle Group by 101.9% in the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider’s stock worth $28,000 after buying an additional 321 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after buying an additional 574 shares during the period. National Pension Service increased its stake in shares of Carlyle Group by 74.8% in the first quarter. National Pension Service now owns 869 shares of the financial services provider’s stock worth $38,000 after buying an additional 372 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Carlyle Group in the second quarter worth $38,000. Finally, Farther Finance Advisors LLC increased its stake in shares of Carlyle Group by 117.2% in the first quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider’s stock worth $43,000 after buying an additional 525 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Jefferies Financial Group lifted their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a research note on Wednesday, August 13th. BMO Capital Markets began coverage on shares of Carlyle Group in a report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price target on the stock. Citigroup cut their price target on shares of Carlyle Group from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, October 8th. Finally, JMP Securities lifted their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a report on Thursday, August 14th. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Carlyle Group has an average rating of “Hold” and an average target price of $61.47.

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 on 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 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 SEC, which is accessible through the SEC website. Company insiders own 26.30% of the company’s stock.

Carlyle Group Stock Performance

Shares of CG stock 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 stock has a market cap of $20.67 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.21 and a beta of 2.00. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. The company’s fifty day moving average price is $63.56 and its 200-day moving average price is $53.32.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 18th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 18th. Carlyle Group’s payout ratio is 40.94%.

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.