Voya Investment Management LLC Purchases 713 Shares of Carlyle Group Inc. $CG

Voya Investment Management LLC increased its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 2.7% during the 1st quarter, Holdings Channel reports. The fund owned 27,336 shares of the financial services provider’s stock after acquiring an additional 713 shares during the period. Voya Investment Management LLC’s holdings in Carlyle Group were worth $1,192,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Strs Ohio bought a new position in Carlyle Group during the first quarter worth $1,263,000. Geneos Wealth Management Inc. boosted its stake in Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 574 shares in the last quarter. Blue Rock Wealth Management LLC bought a new position in shares of Carlyle Group in the first quarter valued at $262,000. Focus Partners Wealth lifted its stake in shares of Carlyle Group by 27.4% in the first quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock valued at $237,000 after buying an additional 1,169 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake 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 buying an additional 441,276 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

Carlyle Group Trading Down 0.9%

Shares of Carlyle Group stock opened at $67.20 on Wednesday. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85. The firm has a market cap of $24.31 billion, a PE ratio of 19.65, a PEG ratio of 1.23 and a beta of 2.01. 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 50 day simple moving average of $63.58 and a two-hundred day simple moving average of $51.15.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 18th were given 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 2.1%. Carlyle Group’s payout ratio is presently 40.94%.

Analyst Upgrades and Downgrades

CG has been the topic of a number of recent research reports. Jefferies Financial Group raised their price objective on shares of Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. JMP Securities raised their price objective on shares of Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a research note on Thursday, August 14th. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 14th. Wells Fargo & Company increased their target price on shares of Carlyle Group from $49.00 to $61.00 and gave the company an “equal weight” rating in a report on Friday, July 11th. Finally, Barclays reiterated an “overweight” rating and issued a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $59.93.

Insider Transactions at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group stock in a transaction that occurred 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 completion of the sale, the general counsel directly owned 753,255 shares in the company, valued at $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 26.30% of the stock is currently owned by insiders.

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.