Danske Bank A S Invests $5.38 Million in Carlyle Group Inc. $CG

Key Points

• Danske Bank acquired a new $5.38 million stake in Carlyle Group during the second quarter, purchasing 127,809 shares. Institutional investors and hedge funds collectively own 55.88% of the company.
• Carlyle Group exceeded quarterly earnings expectations, reporting $1.07 in EPS versus the $0.91 consensus and $1.11 billion in revenue, although revenue declined 28.6% year over year.
• The company declared a quarterly dividend of $0.35 per share, equal to a 2.8% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $59.31.

Danske Bank A S acquired a new stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 127,809 shares of the financial services provider's stock, valued at approximately $5,382,000.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC increased its position in Carlyle Group by 937.5% in the 1st quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider's stock valued at $2,499,000 after acquiring an additional 51,809 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Carlyle Group by 40.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider's stock valued at $49,909,000 after purchasing an additional 332,533 shares during the period. Empowered Funds LLC lifted its holdings in shares of Carlyle Group by 3.4% during the first quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider's stock worth $2,103,000 after purchasing an additional 1,579 shares during the period. Focus Partners Wealth grew its position in Carlyle Group by 27.4% in the 1st quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider's stock valued at $237,000 after buying an additional 1,169 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in 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 purchasing an additional 574 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $49.37 on Friday. The company has a market cap of $17.59 billion, a PE ratio of 51.43, a P/E/G ratio of 1.45 and a beta of 1.83. 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 stock has a 50 day simple moving average of $45.72 and a 200-day simple moving average of $48.04. Carlyle Group Inc. has a 12-month low of $39.60 and a 12-month high of $69.85.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $923.50 million. During the same quarter last year, the firm posted $0.87 EPS. The business's revenue for the quarter was down 28.6% on a year-over-year basis. On average, equities research analysts forecast that Carlyle Group Inc. will post 3.68 EPS for the current year.

Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 17th will be issued a $0.35 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a yield of 2.8%. Carlyle Group's dividend payout ratio is currently 145.83%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen downgraded shares of Carlyle Group from a "hold" rating to a "sell" rating in a report on Saturday, May 16th. Weiss Ratings upgraded Carlyle Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. cut their price target on shares of Carlyle Group from $66.00 to $63.00 and set a "neutral" rating on the stock in a research note on Friday, May 8th. Evercore set a $51.00 price target on shares of Carlyle Group in a report on Thursday, August 6th. Finally, Citizens Jmp raised their price objective on Carlyle Group from $70.00 to $73.00 and gave the company a "market outperform" rating in a research report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently 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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