Wellington Shields Capital Management LLC Raises Stock Position in Carlyle Group Inc. $CG

Wellington Shields Capital Management LLC increased its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 11.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,452 shares of the financial services provider’s stock after acquiring an additional 8,894 shares during the quarter. Carlyle Group makes up about 0.8% of Wellington Shields Capital Management LLC’s portfolio, making the stock its 27th biggest holding. Wellington Shields Capital Management LLC’s holdings in Carlyle Group were worth $4,598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CG. Vanguard Group Inc. boosted its position in shares of Carlyle Group by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock valued at $1,058,929,000 after acquiring an additional 1,131,514 shares during the last quarter. Citigroup Inc. boosted its position in shares of Carlyle Group by 484.4% during the 1st quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider’s stock valued at $27,176,000 after acquiring an additional 516,761 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Carlyle Group by 21.7% during the 1st 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. Nuveen LLC acquired a new position in shares of Carlyle Group during the 1st quarter valued at about $20,793,000. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Carlyle Group by 7.5% during the 1st 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. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on CG shares. Jefferies Financial Group upped their target price 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. BMO Capital Markets initiated coverage on shares of Carlyle Group in a research note on Friday, October 3rd. They set an “outperform” rating and a $74.00 price target on the stock. Morgan Stanley boosted their price target on shares of Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. Evercore ISI boosted their price target on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a research note on Thursday, July 10th. Finally, Barclays restated an “overweight” rating and set a $74.00 target price (up from $66.00) on shares of Carlyle Group in a research note on Thursday, August 7th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $64.69.

Carlyle Group Price Performance

Shares of NASDAQ CG opened at $53.32 on Monday. 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 stock has a fifty day moving average price of $62.32 and a 200 day moving average price of $54.99. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $69.85. The company has a market cap of $19.29 billion, a PE ratio of 15.59, a P/E/G ratio of 1.22 and a beta of 2.00.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 10th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 2.6%. Carlyle Group’s dividend payout ratio (DPR) is currently 40.94%.

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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 26.30% of the company’s stock.

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.