Bank of New York Mellon Corp Invests $84.54 Million in Carlyle Group Inc. $CG

Key Points

• Bank of New York Mellon acquired 2.01 million Carlyle Group shares worth approximately $84.5 million, giving it a 0.56% stake. Institutional investors and hedge funds collectively own 55.88% of Carlyle.
• Carlyle reported quarterly EPS of $1.07, exceeding the $0.91 consensus estimate, while revenue of $1.11 billion also topped expectations. However, revenue declined 28.6% year over year.
• Analyst sentiment is mixed, with an overall “Hold” rating and a consensus price target of $59.31. Carlyle also declared a quarterly dividend of $0.35 per share, representing a 2.9% annualized yield.

Bank of New York Mellon Corp acquired a new position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,007,599 shares of the financial services provider's stock, valued at approximately $84,540,000. Bank of New York Mellon Corp owned 0.56% of Carlyle Group as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in Carlyle Group by 937.5% in the first quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider's stock valued at $2,499,000 after purchasing an additional 51,809 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Carlyle Group by 40.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider's stock valued at $49,909,000 after buying an additional 332,533 shares during the period. Empowered Funds LLC increased its position in shares of Carlyle Group by 3.4% in the 1st quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider's stock valued at $2,103,000 after buying an additional 1,579 shares in the last quarter. Focus Partners Wealth raised its stake in Carlyle Group by 27.4% during the 1st quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider's stock worth $237,000 after buying an additional 1,169 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings 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. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CG has been the subject of several recent analyst reports. TD Cowen restated a "hold" rating on shares of Carlyle Group in a report on Thursday, August 6th. Barclays upped their price objective on Carlyle Group from $57.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Cfra downgraded Carlyle Group to a "sell" rating and set a $45.00 price target for the company. in a research report on Friday, May 8th. BMO Capital Markets reissued an "outperform" rating and issued a $52.00 price objective on shares of Carlyle Group in a research report on Monday, July 13th. Finally, Evercore set a $51.00 target price on shares of Carlyle Group in a report on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $59.31.

Carlyle Group Trading Down 0.4%

NASDAQ CG opened at $48.92 on Wednesday. Carlyle Group Inc. has a 12 month low of $39.60 and a 12 month 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 stock has a 50 day moving average of $45.82 and a 200-day moving average of $47.83. The company has a market cap of $17.43 billion, a PE ratio of 50.96, a PEG ratio of 1.50 and a beta of 1.83.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.16. The business had revenue of $1.11 billion for 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 firm's revenue for the quarter was down 28.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 earnings per share. On average, equities research analysts anticipate that Carlyle Group Inc. will post 3.69 EPS for the current fiscal year.

Carlyle Group Announces Dividend

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 issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 17th. Carlyle Group's dividend payout ratio is presently 145.83%.

About Carlyle Group

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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