Coastal Bridge Advisors LLC Purchases New Shares in Carlyle Group Inc. $CG

Key Points

• Coastal Bridge Advisors purchased 49,352 Carlyle Group shares worth approximately $2.08 million during the second quarter. Institutional investors collectively own 55.88% of CG’s outstanding stock.
• Analyst sentiment is mixed, with seven Buy, seven Hold and one Sell rating; the consensus rating is Hold and the average price target is $59.31.
• Carlyle reported quarterly EPS of $1.07, exceeding estimates of $0.91, while revenue reached $1.11 billion but declined 28.6% year over year. The company also paid a $0.35 quarterly dividend, representing a 2.8% yield.

Coastal Bridge Advisors LLC 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 49,352 shares of the financial services provider's stock, valued at approximately $2,078,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. 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 in the 1st quarter worth approximately $27,000. Geneos Wealth Management Inc. boosted its position in shares of Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider's stock worth $28,000 after buying an additional 574 shares during the period. Quarry LP purchased a new stake in shares of Carlyle Group in the 3rd quarter valued at $33,000. Finally, Allworth Financial LP acquired a new position in Carlyle Group during the 2nd quarter worth about $35,000. Hedge funds and other institutional investors own 55.88% of the company's stock.

Analysts Set New Price Targets

CG has been the subject of several recent analyst reports. BMO Capital Markets restated an "outperform" rating and set a $52.00 target price on shares of Carlyle Group in a research note on Monday, July 13th. Cfra downgraded shares of Carlyle Group to a "sell" rating and set a $45.00 price objective on the stock. in a research report on Friday, May 8th. Barclays upped their target price on shares of Carlyle Group from $57.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Morgan Stanley set a $57.00 price target on Carlyle Group in a report on Tuesday, July 21st. Finally, Keefe, Bruyette & Woods upped their price objective on Carlyle Group from $47.00 to $50.00 and gave the company a "market perform" rating in a research note 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 data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $59.31.

Carlyle Group Stock Up 0.5%

Carlyle Group stock opened at $49.24 on Friday. The stock's 50 day moving average price is $45.98 and its 200 day moving average price is $47.71. The company has a market cap of $17.55 billion, a PE ratio of 51.29, a price-to-earnings-growth ratio of 1.50 and a beta of 1.83. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35. Carlyle Group Inc. has a 1-year low of $39.60 and a 1-year high of $69.85.

Carlyle Group (NASDAQ:CG - Get Free Report) last released its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS 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 the consensus estimate of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.Carlyle Group's quarterly revenue was down 28.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 earnings per share. On average, sell-side analysts predict that Carlyle Group Inc. will post 3.69 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The business 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. This represents a $1.40 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, August 17th. Carlyle Group's dividend payout ratio is presently 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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