Corient Private Wealth LP Takes Position in Carlyle Group Inc. $CG

Key Points

• Corient Private Wealth purchased 51,565 Carlyle Group shares during the second quarter, valued at approximately $2.17 million. Institutional investors collectively own 55.88% of the company.
• Carlyle reported quarterly adjusted EPS of $1.07, beating estimates by $0.16, while revenue reached $1.11 billion but declined 28.6% year over year.
• The company paid a quarterly dividend of $0.35 per share, equal to a 3.0% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $59.31, compared with the stock’s reported $47.14 price.

Corient Private Wealth LP bought a new position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 51,565 shares of the financial services provider's stock, valued at approximately $2,171,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. WFA of San Diego LLC bought a new stake in Carlyle Group in the second quarter valued at approximately $26,000. Main Street Group LTD acquired a new stake in Carlyle Group during the 1st quarter valued at $27,000. Geneos Wealth Management Inc. increased its holdings in shares of 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 purchasing an additional 574 shares during the last quarter. Quarry LP bought a new stake in shares of Carlyle Group during the 3rd quarter worth about $33,000. Finally, Allworth Financial LP acquired a new position in Carlyle Group in the 2nd quarter valued at about $35,000. 55.88% of the stock is owned by institutional investors.

Carlyle Group Stock Up 1.3%

CG stock opened at $47.14 on Thursday. The company has a market cap of $16.80 billion, a PE ratio of 49.10, a price-to-earnings-growth ratio of 1.43 and a beta of 1.84. 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 Inc. has a 52 week low of $39.60 and a 52 week high of $69.85. The business has a 50-day simple moving average of $46.33 and a 200 day simple moving average of $47.48.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate 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 net margin of 10.08% and a return on equity of 22.52%. The business's revenue for the quarter was down 28.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 EPS. Sell-side analysts anticipate that Carlyle Group Inc. will post 3.69 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The company 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 was Monday, August 17th. Carlyle Group's payout ratio is currently 145.83%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada lowered their target price on Carlyle Group from $58.00 to $56.00 and set a "sector perform" rating on the stock in a research note on Monday, July 13th. Citizens Jmp increased their price objective on Carlyle Group from $70.00 to $73.00 and gave the stock a "market outperform" rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of Carlyle Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 29th. Cfra cut shares of Carlyle Group to a "sell" rating and set a $45.00 price objective for the company. in a research note on Friday, May 8th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Carlyle Group from $66.00 to $63.00 and set a "neutral" rating on the stock in a report on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Carlyle Group currently has a consensus rating of "Hold" and a consensus target price 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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