Buckland Partners Management Co LLC Makes New $2.29 Million Investment in Carlyle Group Inc. $CG

Key Points

• Buckland Partners Management purchased 54,400 Carlyle Group shares worth approximately $2.29 million, making the position about 1.1% of its portfolio. Institutional investors collectively own 55.88% of CG.
• Carlyle reported quarterly earnings of $1.07 per share, beating estimates of $0.91, while revenue of $1.11 billion exceeded expectations but fell 28.6% year over year.
• The company declared a quarterly dividend of $0.35 per share, equivalent to a 2.9% annual yield. Analysts maintain a consensus “Hold” rating with an average price target of $59.31 versus the reported share price of $48.54.

Buckland Partners Management Co LLC purchased a new stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 54,400 shares of the financial services provider's stock, valued at approximately $2,291,000. Carlyle Group comprises about 1.1% of Buckland Partners Management Co LLC's portfolio, making the stock its 27th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CG. Allworth Financial LP raised its stake in Carlyle Group by 32.3% during the 4th quarter. Allworth Financial LP now owns 721 shares of the financial services provider's stock valued at $43,000 after buying an additional 176 shares during the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Carlyle Group by 1.2% in the 4th quarter. Kestra Advisory Services LLC now owns 15,637 shares of the financial services provider's stock worth $924,000 after buying an additional 184 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Carlyle Group by 6.0% in the third quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider's stock worth $218,000 after acquiring an additional 196 shares during the period. Robertson Stephens Wealth Management LLC increased its position in Carlyle Group by 3.1% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 6,595 shares of the financial services provider's stock valued at $390,000 after acquiring an additional 199 shares during the last quarter. Finally, Commerce Bank boosted its position in 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 purchasing an additional 212 shares during the last quarter. Institutional investors own 55.88% of the company's stock.

Carlyle Group Trading Down 1.5%

Carlyle Group stock opened at $48.54 on Tuesday. Carlyle Group Inc. has a 1 year low of $39.60 and a 1 year high of $69.85. The firm's 50 day moving average price is $45.41 and its 200-day moving average price is $48.27. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market cap of $17.30 billion, a P/E ratio of 50.56, a PEG ratio of 1.49 and a beta of 1.82.

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 firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. Carlyle Group's revenue for the quarter was down 28.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 earnings per share. On average, equities analysts predict that Carlyle Group Inc. will post 3.68 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th will be given a dividend of $0.35 per share. 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 dividend payout ratio (DPR) is presently 145.83%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CG shares. Weiss Ratings raised shares of Carlyle Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. Evercore set a $51.00 price target on shares of Carlyle Group in a research report on Thursday, August 6th. Wall Street Zen downgraded shares of Carlyle Group from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. TD Cowen reaffirmed a "hold" rating on shares of Carlyle Group in a report on Thursday, August 6th. Finally, Barclays boosted their price target on Carlyle Group from $57.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price 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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