Carlyle Group Inc. $CG Stock Holdings Lifted by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Carlyle Group stake by 3,902.5% in the second quarter, acquiring 12.45 million additional shares and becoming a 3.58% shareholder. Institutional investors collectively own 55.88% of the company.
• Carlyle reported quarterly earnings of $1.07 per share, beating the $0.91 analyst consensus, while revenue reached $1.11 billion but declined 28.6% year over year. The company also paid a $0.35 quarterly dividend, representing a 3.3% annualized yield.
• Analysts maintain a consensus “Hold” rating with an average price target of $59.31, compared with the stock’s reported price of $41.82. Director David Rubenstein separately sold 400,000 shares for approximately $17.1 million.

California State Teachers Retirement System raised its position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 3,902.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,772,595 shares of the financial services provider's stock after purchasing an additional 12,453,476 shares during the period. California State Teachers Retirement System owned 3.58% of Carlyle Group worth $537,854,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Main Street Group LTD bought a new stake in Carlyle Group in the first quarter worth approximately $27,000. Allworth Financial LP raised its holdings in shares of 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 purchasing an additional 176 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Carlyle Group by 50.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 955 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 321 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Carlyle Group by 36.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider's stock worth $41,000 after buying an additional 258 shares during the last quarter. Finally, Western Wealth Management LLC bought a new position in Carlyle Group during the first quarter valued at about $52,000. Institutional investors own 55.88% of the company's stock.

Carlyle Group Price Performance

Shares of CG stock opened at $41.82 on Tuesday. Carlyle Group Inc. has a 1 year low of $39.60 and a 1 year 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 firm's 50 day moving average is $46.76 and its 200-day moving average is $47.01. The firm has a market capitalization of $14.90 billion, a price-to-earnings ratio of 43.56, a PEG ratio of 1.31 and a beta of 1.84.

Carlyle Group (NASDAQ:CG - Get Free Report) last released 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. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $923.50 million. During the same quarter in the previous year, the company posted $0.87 earnings per share. The firm's quarterly revenue was down 28.6% on a year-over-year basis. Sell-side analysts forecast that Carlyle Group Inc. will post 3.65 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were given a dividend of $0.35 per share. The ex-dividend date was Monday, August 17th. This represents a $1.40 annualized dividend and a dividend yield of 3.3%. Carlyle Group's payout ratio is presently 145.83%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CG shares. UBS Group upped their price target on Carlyle Group from $63.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Morgan Stanley set a $57.00 target price on Carlyle Group in a report on Tuesday, July 21st. Weiss Ratings upgraded Carlyle Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. BMO Capital Markets reissued an "outperform" rating and issued a $52.00 price target on shares of Carlyle Group in a research report on Monday, July 13th. Finally, TD Cowen reaffirmed a "hold" rating on shares of Carlyle Group in a report on Thursday, August 6th. Seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $59.31.

Insider Buying and Selling at Carlyle Group

In related news, Director David Rubenstein sold 400,000 shares of Carlyle Group stock in a transaction on Friday, September 11th. The stock was sold at an average price of $42.74, for a total transaction of $17,096,000.00. Following the completion of the sale, the director directly owned 26,899,644 shares of the company's stock, valued at $1,149,690,784.56. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 25.40% of the stock is currently owned by company insiders.

About Carlyle Group

The Carlyle Group Inc NASDAQ: CG is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across private equity, global credit and investment solutions, with strategies spanning corporate, real estate and infrastructure investments.

Carlyle's investment activities include acquiring and supporting companies through its corporate private equity platform, providing loans and other financing through its credit business, and managing portfolios of private market investments through its investment solutions platform.

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