Caz Investments LP Purchases Shares of 106,000 Carlyle Group Inc. $CG

Caz Investments LP acquired a new stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 106,000 shares of the financial services provider's stock, valued at approximately $4,464,000. Carlyle Group accounts for 0.9% of Caz Investments LP's holdings, making the stock its 16th biggest holding.

A number of other large investors have also recently made changes to their positions in the company. WFA of San Diego LLC purchased a new stake in shares of Carlyle Group in the 2nd quarter valued at approximately $26,000. Main Street Group LTD acquired a new position in shares of Carlyle Group during the first quarter worth $27,000. Geneos Wealth Management Inc. increased its holdings in Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock valued at $28,000 after buying an additional 574 shares during the last quarter. Quarry LP acquired a new stake in Carlyle Group in the third quarter valued at $33,000. Finally, Allworth Financial LP purchased a new stake in Carlyle Group during the 2nd quarter worth about $35,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Stock Performance

NASDAQ:CG opened at $46.97 on Monday. The company has a market capitalization of $16.74 billion, a PE ratio of 48.93, a P/E/G ratio of 1.44 and a beta of 1.84. Carlyle Group Inc. has a 52-week low of $39.60 and a 52-week high of $69.85. The stock's 50 day moving average price is $46.56 and its 200 day moving average price is $47.38. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.16. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The firm's revenue for the quarter was down 28.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 earnings per share. On average, research analysts anticipate that Carlyle Group Inc. will post 3.69 EPS for the current year.

Carlyle Group Announces Dividend

The firm also recently disclosed 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. This represents a $1.40 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 17th. Carlyle Group's dividend payout ratio (DPR) is presently 145.83%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CG. Citigroup reiterated an "outperform" rating on shares of Carlyle Group in a report on Thursday, August 6th. Keefe, Bruyette & Woods boosted their target price on Carlyle Group from $47.00 to $50.00 and gave the stock a "market perform" rating in a research note on Thursday, August 6th. UBS Group increased their price target on shares of Carlyle Group from $63.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Carlyle Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 29th. Finally, Citizens Jmp upped their target price on shares of Carlyle Group from $70.00 to $73.00 and gave the company a "market outperform" rating in a report on Thursday, August 6th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Carlyle Group presently has an average rating of "Hold" and an average price target of $59.31.

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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