5,914,905 Shares in Carlyle Group Inc. $CG Acquired by William Blair Investment Management LLC

Key Points

• William Blair Investment Management acquired 5.91 million Carlyle Group shares worth approximately $249.1 million, giving it a 1.64% stake and making CG its 20th-largest holding.
• 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 declared a $0.35 quarterly dividend, representing a 2.8% yield.
• CG shares opened at $49.37, and analysts maintain a consensus “Hold” rating with a $59.31 price target; institutional investors own 55.88% of the stock.

William Blair Investment Management LLC purchased a new position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,914,905 shares of the financial services provider's stock, valued at approximately $249,077,000. Carlyle Group comprises about 0.7% of William Blair Investment Management LLC's holdings, making the stock its 20th biggest holding. William Blair Investment Management LLC owned 1.64% of Carlyle Group at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CG. Allworth Financial LP raised its holdings in shares of Carlyle Group by 32.3% during the fourth quarter. Allworth Financial LP now owns 721 shares of the financial services provider's stock worth $43,000 after purchasing an additional 176 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in Carlyle Group by 1.2% in the fourth quarter. Kestra Advisory Services LLC now owns 15,637 shares of the financial services provider's stock valued at $924,000 after purchasing an additional 184 shares during the last quarter. Larson Financial Group LLC grew its position in Carlyle Group by 6.0% during the 3rd quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider's stock worth $218,000 after purchasing an additional 196 shares during the period. Robertson Stephens Wealth Management LLC lifted its holdings in shares of Carlyle Group by 3.1% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,595 shares of the financial services provider's stock valued at $390,000 after buying an additional 199 shares during the period. Finally, Commerce Bank boosted its stake in shares of Carlyle Group by 4.3% in the fourth quarter. Commerce Bank now owns 5,161 shares of the financial services provider's stock worth $305,000 after buying an additional 212 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Stock Up 2.9%

Shares of NASDAQ CG opened at $49.37 on Friday. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 51.43, a price-to-earnings-growth ratio of 1.45 and a beta of 1.83. The company's 50-day simple moving average is $45.72 and its 200-day simple moving average is $48.04. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. Carlyle Group Inc. has a 52-week low of $39.60 and a 52-week high of $69.85.

Carlyle Group (NASDAQ:CG - Get Free Report) last released 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. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $923.50 million. During the same quarter in the prior year, the firm earned $0.87 EPS. The company's revenue for the quarter was down 28.6% on a year-over-year basis. Equities analysts predict that Carlyle Group Inc. will post 3.68 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, August 17th. Carlyle Group's dividend payout ratio (DPR) is 145.83%.

Wall Street Analyst Weigh In

CG has been the subject of several recent research reports. Morgan Stanley set a $57.00 price target on Carlyle Group in a research report on Tuesday, July 21st. TD Cowen reaffirmed a "hold" rating on shares of Carlyle Group in a research note on Thursday, August 6th. BMO Capital Markets reiterated an "outperform" rating and issued a $52.00 target price on shares of Carlyle Group in a research note on Monday, July 13th. Weiss Ratings raised shares of Carlyle Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Finally, Wall Street Zen cut shares of Carlyle Group from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Carlyle Group presently has an average rating of "Hold" and a consensus price target of $59.31.

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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