JPMorgan Chase & Co. Has $70.91 Million Stock Position in Carlyle Group Inc. $CG

Key Points

• JPMorgan Chase & Co. raised its Carlyle stake by 6.8% in Q3 to 1,130,875 shares, a position worth $70.91 million (about 0.31% of the company).
• Carlyle reported revenue of $1.90 billion (up 84.1% YoY) but missed EPS estimates with $1.01, and it pays a quarterly dividend of $0.35 (annualized yield ~2.9%).
• The stock carries an average analyst rating of "Hold" with an average price target of $65.36, and institutional investors own roughly 55.9% of shares.

JPMorgan Chase & Co. grew its holdings in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 6.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,130,875 shares of the financial services provider's stock after acquiring an additional 72,154 shares during the quarter. JPMorgan Chase & Co. owned 0.31% of Carlyle Group worth $70,909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Larson Financial Group LLC boosted its holdings in Carlyle Group by 6.0% in the 3rd quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider's stock valued at $218,000 after purchasing an additional 196 shares during the period. DMC Group LLC raised its position in shares of Carlyle Group by 3.2% during the third quarter. DMC Group LLC now owns 6,594 shares of the financial services provider's stock valued at $413,000 after buying an additional 205 shares during the last quarter. Savant Capital LLC grew its position in Carlyle Group by 3.4% during the third quarter. Savant Capital LLC now owns 7,888 shares of the financial services provider's stock worth $495,000 after buying an additional 263 shares in the last quarter. McGowan Group Asset Management Inc. raised its holdings in Carlyle Group by 2.6% in the 2nd quarter. McGowan Group Asset Management Inc. now owns 11,457 shares of the financial services provider's stock valued at $589,000 after acquiring an additional 294 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Carlyle Group by 150.3% in the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider's stock worth $26,000 after acquiring an additional 299 shares during the period. Institutional investors own 55.88% of the company's stock.

Carlyle Group Stock Performance

Carlyle Group stock opened at $47.72 on Thursday. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $69.85. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.33. The stock has a fifty day moving average price of $56.11 and a two-hundred day moving average price of $58.12. The firm has a market capitalization of $17.24 billion, a P/E ratio of 21.89, a P/E/G ratio of 0.92 and a beta of 2.07.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.03). The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The firm's revenue for the quarter was up 84.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. As a group, analysts anticipate that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

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

Analysts Set New Price Targets

CG has been the topic of a number of research reports. Wall Street Zen upgraded Carlyle Group from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Royal Bank Of Canada assumed coverage on shares of Carlyle Group in a report on Monday, February 23rd. They issued an "outperform" rating and a $67.00 price target on the stock. Weiss Ratings restated a "hold (c)" rating on shares of Carlyle Group in a research note on Wednesday, January 21st. Evercore lifted their target price on shares of Carlyle Group from $57.00 to $62.00 and gave the company an "in-line" rating in a research report on Thursday, January 22nd. Finally, Wolfe Research reissued an "outperform" rating on shares of Carlyle Group in a research report on Wednesday, January 7th. Eight analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $65.36.

About Carlyle Group

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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