75,647 Shares in Carlyle Group Inc. $CG Bought by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 75,647 Carlyle Group shares worth approximately $3.2 million in the second quarter. Institutional investors and hedge funds now own 55.88% of the company.
• Carlyle reported quarterly EPS of $1.07, beating estimates of $0.91, while revenue reached $1.11 billion versus expectations of $923.5 million. However, revenue declined 28.6% year over year.
• CG shares opened at $46.97, down 1.6%, while analysts maintained a consensus “Hold” rating with an average price target of $59.31. The company also paid a $0.35 quarterly dividend, representing a 3.0% annualized yield.

Public Employees Retirement System of Ohio acquired a new stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 75,647 shares of the financial services provider's stock, valued at approximately $3,185,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Carlyle Group during the 2nd quarter valued at approximately $1,346,848,000. William Blair Investment Management LLC acquired a new position in shares of Carlyle Group in the second quarter valued at approximately $249,077,000. Norges Bank purchased a new stake in shares of Carlyle Group during the fourth quarter worth approximately $288,257,000. Legal & General Group Plc purchased a new position in Carlyle Group in the 2nd quarter valued at $162,984,000. Finally, Bank of New York Mellon Corp acquired a new position in Carlyle Group in the 2nd quarter valued at $84,540,000. Institutional investors and hedge funds own 55.88% of the company's stock.

Carlyle Group Stock Down 1.6%

CG stock opened at $46.97 on Friday. Carlyle Group Inc. has a 52 week low of $39.60 and a 52 week high of $69.85. 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 company has a market cap of $16.74 billion, a P/E ratio of 48.93, a P/E/G ratio of 1.46 and a beta of 1.84. The company's 50-day moving average price is $46.56 and its 200 day moving average price is $47.43.

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

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 annualized dividend and a yield of 3.0%. Carlyle Group's dividend payout ratio is 145.83%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CG. TD Cowen reaffirmed a "hold" rating on shares of Carlyle Group in a report on Thursday, August 6th. JPMorgan Chase & Co. lowered their price objective on Carlyle Group from $66.00 to $63.00 and set a "neutral" rating on the stock in a report on Friday, May 8th. Citizens Jmp increased their target price on Carlyle Group from $70.00 to $73.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 6th. Royal Bank Of Canada reduced their price target on Carlyle Group from $58.00 to $56.00 and set a "sector perform" rating for the company in a report on Monday, July 13th. Finally, UBS Group upped their price objective on Carlyle Group from $63.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus 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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