Amundi Raises Stake in Carlyle Group Inc. $CG

Key Points

• Amundi increased its Carlyle Group stake by 419% in the second quarter, adding 2.75 million shares to reach 3.41 million shares valued at approximately $143.4 million. Institutional investors collectively own 55.88% of the company.
• Carlyle reported quarterly earnings of $1.07 per share, beating estimates of $0.91, while revenue reached $1.11 billion. However, revenue fell 28.6% year over year.
• The company pays a quarterly dividend of $0.35, equivalent to a 3.0% annualized yield. Analysts have a consensus “Hold” rating and an average price target of $59.31, compared with the stock’s reported price of $45.95.

Amundi raised its position in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 419.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,406,001 shares of the financial services provider's stock after purchasing an additional 2,749,781 shares during the period. Amundi owned 0.96% of Carlyle Group worth $143,427,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP lifted its stake in 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 raised its holdings in Carlyle Group by 1.2% during the fourth quarter. Kestra Advisory Services LLC now owns 15,637 shares of the financial services provider's stock worth $924,000 after purchasing an additional 184 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of 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 buying an additional 196 shares during the last quarter. Commerce Bank grew its position in shares of Carlyle Group by 4.3% in the 4th quarter. Commerce Bank now owns 5,161 shares of the financial services provider's stock valued at $305,000 after buying an additional 212 shares during the last quarter. Finally, GW Henssler & Associates Ltd. raised its stake in Carlyle Group by 6.3% during the 4th quarter. GW Henssler & Associates Ltd. now owns 3,673 shares of the financial services provider's stock worth $217,000 after acquiring an additional 217 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Carlyle Group Stock Down 2.2%

Carlyle Group stock opened at $45.95 on Wednesday. The stock has a market capitalization of $16.37 billion, a price-to-earnings ratio of 47.87, a PEG ratio of 1.44 and a beta of 1.84. 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 $46.77 and a two-hundred day moving average of $47.26. 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 released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $923.50 million. During the same quarter in the prior year, the business earned $0.87 earnings per share. The company's quarterly revenue was down 28.6% compared to the same quarter last year. As a group, research analysts expect that Carlyle Group Inc. will post 3.69 earnings per share for the current year.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were given a $0.35 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. Carlyle Group's dividend payout ratio (DPR) is presently 145.83%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CG shares. BMO Capital Markets restated an "outperform" rating and issued a $52.00 price objective on shares of Carlyle Group in a research note on Monday, July 13th. Morgan Stanley set a $57.00 target price on Carlyle Group in a report on Tuesday, July 21st. Wall Street Zen upgraded Carlyle Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 29th. Weiss Ratings upgraded Carlyle Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Finally, Citigroup restated an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 6th. Seven 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 MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $59.31.

Carlyle Group Company 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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