28,640 Shares in Carlyle Group Inc. $CG Acquired by United Capital Financial Advisors LLC

Key Points

• United Capital Financial Advisors acquired 28,640 Carlyle Group shares worth approximately $1.21 million in the second quarter. Institutional investors and hedge funds own 55.88% of CG’s outstanding stock.
• Analyst sentiment is mixed, with seven Buy, seven Hold, and one Sell rating; the consensus rating is Hold with an average price target of $59.31, compared with the stock’s $49.09 opening price.
• Carlyle reported quarterly EPS of $1.07, beating estimates of $0.91, while revenue reached $1.11 billion but declined 28.6% year over year. The company paid a $0.35 quarterly dividend, implying a 2.9% annual yield.

United Capital Financial Advisors LLC purchased a new position in Carlyle Group Inc. (NASDAQ:CG - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,640 shares of the financial services provider's stock, valued at approximately $1,206,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Coastal Bridge Advisors LLC purchased a new stake in shares of Carlyle Group during the 2nd quarter worth $2,078,000. Public Employees Retirement System of Ohio acquired a new stake in Carlyle Group in the second quarter valued at $3,185,000. Capstone Investment Advisors LLC purchased a new stake in Carlyle Group during the 2nd quarter worth about $437,000. Corient Private Wealth LP acquired a new position in shares of Carlyle Group during the 2nd quarter worth about $2,171,000. Finally, Bank of America Corp DE purchased a new position in Carlyle Group in the second quarter valued at approximately $79,440,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Carlyle Group from $66.00 to $63.00 and set a "neutral" rating on the stock in a research report on Friday, May 8th. Citigroup reissued an "outperform" rating on shares of Carlyle Group in a report on Thursday, August 6th. Keefe, Bruyette & Woods raised their price target on Carlyle Group from $47.00 to $50.00 and gave the stock a "market perform" rating in a research note on Thursday, August 6th. Morgan Stanley set a $57.00 price objective on Carlyle Group in a research note on Tuesday, July 21st. Finally, Citizens Jmp raised their target price on shares of Carlyle Group from $70.00 to $73.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $59.31.

Carlyle Group Stock Down 0.3%

Carlyle Group stock opened at $49.09 on Friday. The stock has a market capitalization of $17.49 billion, a price-to-earnings ratio of 51.14, a PEG ratio of 1.50 and a beta of 1.83. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91. The stock has a 50 day moving average of $46.06 and a two-hundred day moving average of $47.72. Carlyle Group Inc. has a twelve month low of $39.60 and a twelve month high of $69.85.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.16. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The company's revenue for the quarter was down 28.6% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. As a group, research analysts expect that Carlyle Group Inc. will post 3.69 earnings per share for the current year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, August 17th. Carlyle Group's payout ratio is 145.83%.

Carlyle Group Profile

The Carlyle Group NASDAQ: CG is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle's core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.

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