Deutsche Bank AG Takes Position in Carlyle Group Inc. $CG

Deutsche Bank AG bought a new stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 418,318 shares of the financial services provider's stock, valued at approximately $17,615,000. Deutsche Bank AG owned approximately 0.12% of Carlyle Group at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new position in Carlyle Group during the fourth quarter worth $1,935,000. M&T Bank Corp bought a new stake in Carlyle Group in the fourth quarter valued at $4,083,000. Algebris UK Ltd. acquired a new position in shares of Carlyle Group during the fourth quarter valued at about $50,459,000. Vanguard Group Inc. boosted its position in shares of Carlyle Group by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider's stock worth $1,558,627,000 after purchasing an additional 934,237 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Carlyle Group by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 4,999,880 shares of the financial services provider's stock valued at $294,817,000 after buying an additional 79,134 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Carlyle Group Stock Performance

Shares of CG opened at $49.37 on Friday. Carlyle Group Inc. has a 52 week low of $39.60 and a 52 week high of $69.85. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a 50 day moving average price of $45.72 and a two-hundred day moving average price of $48.04. The firm has a market capitalization of $17.59 billion, a P/E ratio of 51.43, a P/E/G ratio of 1.49 and a beta of 1.83.

Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $923.50 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. Carlyle Group's revenue was down 28.6% compared to the same quarter last year. Equities analysts forecast that Carlyle Group Inc. will post 3.69 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 17th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, August 17th. Carlyle Group's dividend payout ratio (DPR) is presently 145.83%.

Wall Street Analyst Weigh In

CG has been the topic of a number of research reports. Barclays upped their price target on Carlyle Group from $57.00 to $64.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Cfra downgraded Carlyle Group to a "sell" rating and set a $45.00 price objective for the company. in a report on Friday, May 8th. Royal Bank Of Canada cut their target price on Carlyle Group from $58.00 to $56.00 and set a "sector perform" rating on the stock in a report on Monday, July 13th. Citigroup reissued an "outperform" rating on shares of Carlyle Group in a research report on Thursday, August 6th. Finally, UBS Group upped their price objective on shares of Carlyle Group from $63.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average 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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