BlackRock Inc. Purchases New Shares in Carlyle Group Inc. $CG

BlackRock Inc. bought a new position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 31,984,053 shares of the financial services provider's stock, valued at approximately $1,346,848,000. BlackRock Inc. owned approximately 8.89% of Carlyle Group as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank acquired a new stake in Carlyle Group in the 4th quarter worth about $288,257,000. Bank of New York Mellon Corp acquired a new position in Carlyle Group in the 2nd quarter valued at $84,540,000. State Street Corp boosted its stake in Carlyle Group by 20.9% during the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider's stock worth $623,372,000 after purchasing an additional 1,720,483 shares during the last quarter. Regents of The University of California purchased a new stake in shares of Carlyle Group during the first quarter worth $73,360,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of Carlyle Group in the third quarter worth about $75,612,000. Hedge funds and other institutional investors own 55.88% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on CG shares. JPMorgan Chase & Co. cut their price objective on shares of Carlyle Group from $66.00 to $63.00 and set a "neutral" rating for the company in a report on Friday, May 8th. Royal Bank Of Canada dropped their price target on Carlyle Group from $58.00 to $56.00 and set a "sector perform" rating for the company in a research report on Monday, July 13th. BMO Capital Markets reissued an "outperform" rating and set a $52.00 price objective on shares of Carlyle Group in a research note on Monday, July 13th. Weiss Ratings upgraded Carlyle Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Finally, Evercore set a $51.00 price objective on shares of Carlyle Group in a research report on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Carlyle Group currently has an average rating of "Hold" and a consensus target price of $59.31.

Carlyle Group Stock Down 2.9%

NASDAQ:CG opened at $47.99 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 quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. The stock's fifty day moving average is $45.65 and its two-hundred day moving average is $48.03. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 49.99, a price-to-earnings-growth ratio of 1.49 and a beta of 1.83.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.16. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.Carlyle Group's revenue was down 28.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. Research analysts anticipate that Carlyle Group Inc. will post 3.68 EPS for the current year.

Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 17th will be issued a $0.35 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. Carlyle Group's payout ratio is 145.83%.

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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