Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL reduced its holdings in Carlyle Group by 17.1%, now owning 21,453 shares worth approximately $935,000.
• Carlyle Group reported earnings of $1.14 per share, exceeding estimates and showing a 2.0% increase in year-over-year revenue.
• The firm announced a quarterly dividend of $0.35 per share, reflecting a 2.2% yield and a payout ratio of 40.94%.

Blair William & Co. IL lessened its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 17.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,453 shares of the financial services provider's stock after selling 4,427 shares during the quarter. Blair William & Co. IL's holdings in Carlyle Group were worth $935,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CG. Whipplewood Advisors LLC boosted its position in Carlyle Group by 5,100.0% during the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock worth $25,000 after acquiring an additional 561 shares during the period. Private Trust Co. NA raised its stake in shares of Carlyle Group by 101.9% in the 1st quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after buying an additional 321 shares in the last quarter. Main Street Group LTD bought a new stake in shares of Carlyle Group in the 4th quarter worth $29,000. LRI Investments LLC acquired a new stake in shares of Carlyle Group during the fourth quarter worth $32,000. Finally, Farther Finance Advisors LLC raised its position in shares of Carlyle Group by 117.2% during the first quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider's stock worth $43,000 after purchasing an additional 525 shares during the period. Institutional investors and hedge funds own 55.88% of the company's stock.

Carlyle Group Stock Up 1.1%

NASDAQ CG opened at $62.23 on Friday. The stock has a fifty day moving average of $54.26 and a 200-day moving average of $48.13. The stock has a market capitalization of $22.47 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.19 and a beta of 1.90. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $64.09. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.36 and a current ratio of 2.24.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.17. Carlyle Group had a return on equity of 23.60% and a net margin of 20.22%. The business had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. During the same period last year, the company earned $1.01 EPS. The firm's revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, August 18th. This represents a $1.40 annualized dividend and a yield of 2.2%. Carlyle Group's payout ratio is currently 40.94%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CG. JMP Securities lifted their price target on Carlyle Group from $58.00 to $70.00 and gave the company a "market outperform" rating in a report on Monday, July 14th. TD Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 target price on the stock in a research note on Wednesday, May 14th. Citigroup upgraded Carlyle Group from a "neutral" rating to a "buy" rating and boosted their target price for the company from $44.00 to $65.00 in a research note on Thursday, July 10th. Wells Fargo & Company boosted their target price on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Finally, Keefe, Bruyette & Woods upped their price target on Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $58.40.

Carlyle Group Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.

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