Franklin Street Advisors Inc. NC Has $42.80 Million Position in Carlyle Group Inc. $CG

Key Points

• Franklin Street Advisors increased its stake to 724,039 shares of Carlyle, a position worth about $42.8 million after a 7.6% Q4 buy that made CG its 11th-largest holding.
• Wall Street consensus is a Moderate Buy with an average price target of $66.43, based on nine Buy and seven Hold analyst ratings.
• Carlyle missed Q4 EPS ($1.01 vs. $1.04 est.) while revenue jumped 84% to $1.90 billion and the firm pays a quarterly dividend of $0.35 (annualized yield 2.9%); Director David M. Rubenstein sold 500,000 shares for about $23.34 million.

Franklin Street Advisors Inc. NC grew its position in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 724,039 shares of the financial services provider's stock after buying an additional 51,224 shares during the quarter. Carlyle Group accounts for about 2.4% of Franklin Street Advisors Inc. NC's portfolio, making the stock its 11th largest holding. Franklin Street Advisors Inc. NC owned about 0.20% of Carlyle Group worth $42,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WFA of San Diego LLC acquired a new position in shares of Carlyle Group in the 2nd quarter valued at approximately $26,000. Geneos Wealth Management Inc. raised its position in shares of Carlyle Group by 755.3% in the 1st 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 in the last quarter. Bernard Wealth Management Corp. acquired a new position in Carlyle Group during the 4th quarter worth approximately $30,000. Quarry LP acquired a new position in Carlyle Group during the 3rd quarter worth approximately $33,000. Finally, Motco acquired a new position in Carlyle Group during the 3rd quarter worth approximately $40,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CG shares. Barclays lowered their price objective on shares of Carlyle Group from $68.00 to $67.00 and set an "overweight" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Carlyle Group from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 10th. Wall Street Zen upgraded shares of Carlyle Group from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. TD Cowen upped their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 27th. Finally, Morgan Stanley set a $71.00 target price on shares of Carlyle Group in a research report on Tuesday, January 27th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Carlyle Group presently has a consensus rating of "Moderate Buy" and an average price target of $66.43.

Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $48.18 on Thursday. The firm has a market cap of $17.40 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 0.89 and a beta of 2.05. The firm's fifty day moving average is $51.16 and its 200-day moving average is $56.16. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.33 and a current ratio of 2.33. Carlyle Group Inc. has a 52 week low of $33.59 and a 52 week high of $69.85.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.01 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.03). The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.Carlyle Group's revenue for the quarter was up 84.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. Sell-side analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, February 13th. Carlyle Group's dividend payout ratio is currently 64.22%.

Insider Buying and Selling at Carlyle Group

In related news, Director David M. Rubenstein sold 500,000 shares of Carlyle Group stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the completion of the transaction, the director owned 27,399,644 shares of the company's stock, valued at $1,279,015,381.92. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 26.30% of the stock is currently owned by company insiders.

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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