Wellington Shields Capital Management LLC Increases Stock Holdings in Carlyle Group Inc. $CG

Wellington Shields Capital Management LLC grew its position in Carlyle Group Inc. (NASDAQ:CG) by 11.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 89,452 shares of the financial services provider’s stock after purchasing an additional 8,894 shares during the period. Carlyle Group makes up 0.8% of Wellington Shields Capital Management LLC’s holdings, making the stock its 27th biggest position. Wellington Shields Capital Management LLC’s holdings in Carlyle Group were worth $4,598,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of 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 buying an additional 1,131,514 shares in the last quarter. Massachusetts Financial Services Co. MA increased 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 buying an additional 476,127 shares in the last quarter. Ameriprise Financial Inc. increased its position in 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 worth $118,684,000 after purchasing an additional 485,488 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Carlyle Group by 37.9% during the 1st 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 worth $69,945,000 after purchasing an additional 441,276 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Carlyle Group by 1.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,427,171 shares of the financial services provider’s stock worth $62,210,000 after purchasing an additional 20,970 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insiders Place Their Bets

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 sale, the general counsel directly owned 753,255 shares of the company’s stock, valued at $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 26.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CG has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on Carlyle Group from $49.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Barclays reiterated an “overweight” rating and set a $74.00 price objective (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Jefferies Financial Group raised their price target on Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a research note on Wednesday, August 13th. JMP Securities raised their price target on Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 14th. Finally, BMO Capital Markets started coverage on Carlyle Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Carlyle Group currently has a consensus rating of “Hold” and a consensus target price of $64.69.

Carlyle Group Price Performance

Shares of CG stock opened at $53.32 on Monday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The firm has a fifty day simple moving average of $62.32 and a 200-day simple moving average of $54.99. The company has a market capitalization of $19.29 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.22 and a beta of 2.00.

Carlyle Group Dividend Announcement

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