Carlyle Group Inc. $CG Shares Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC raised its position in Carlyle Group Inc. (NASDAQ:CG) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 11,673 shares of the financial services provider’s stock after purchasing an additional 212 shares during the period. Verdence Capital Advisors LLC’s holdings in Carlyle Group were worth $600,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Carlyle Group by 4.9% in 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 lifted its position in shares of 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 in the last quarter. Ameriprise Financial Inc. lifted its position in shares of 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Performance

Shares of NASDAQ:CG opened at $59.60 on Wednesday. The firm has a market capitalization of $21.56 billion, a PE ratio of 17.43, a P/E/G ratio of 1.24 and a beta of 2.00. 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 business has a 50-day moving average of $63.82 and a two-hundred day moving average of $53.05. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, August 18th. This represents a $1.40 annualized dividend and a yield of 2.3%. Carlyle Group’s dividend payout ratio is currently 40.94%.

Insider Buying and Selling

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total transaction of $13,013,383.38. Following the completion of the sale, the general counsel directly owned 753,255 shares in the company, valued at $48,381,568.65. This represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 26.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Barclays restated an “overweight” rating and issued a $74.00 price objective (up from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Wells Fargo & Company upped their price objective on Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Jefferies Financial Group increased their target price on Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. Evercore ISI increased their target price on Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a research report on Thursday, July 10th. Finally, JMP Securities increased their target price on Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 14th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.47.

About Carlyle Group

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.