Man Group plc bought a new stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 97,720 shares of the financial services provider's stock, valued at approximately $4,115,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CG. WFA of San Diego LLC bought a new stake in Carlyle Group during the second quarter valued at about $26,000. Main Street Group LTD bought a new stake in Carlyle Group in the first quarter worth $27,000. Geneos Wealth Management Inc. lifted its holdings 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 acquiring an additional 574 shares during the last quarter. Quarry LP bought a new position in shares of Carlyle Group during the 3rd quarter valued at approximately $33,000. Finally, Allworth Financial LP bought a new position in Carlyle Group during the second quarter valued at $35,000. 55.88% of the stock is owned by hedge funds and other institutional investors.
Carlyle Group Stock Performance
Shares of NASDAQ CG opened at $49.09 on Monday. The stock has a market cap of $17.49 billion, a price-to-earnings ratio of 51.14, a PEG ratio of 1.50 and a beta of 1.82. Carlyle Group Inc. has a 12 month low of $39.60 and a 12 month high of $69.85. The company has a 50 day simple moving average of $46.06 and a two-hundred day simple moving average of $47.64. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91.
Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The firm's revenue was down 28.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 earnings per share. As a group, analysts predict that Carlyle Group Inc. will post 3.69 earnings per share for the current year.
Carlyle Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, August 17th. Carlyle Group's dividend payout ratio is presently 145.83%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on CG shares. Weiss Ratings upgraded shares of Carlyle Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 11th. BMO Capital Markets restated an "outperform" rating and set a $52.00 target price on shares of Carlyle Group in a report on Monday, July 13th. Evercore set a $51.00 price target on Carlyle Group in a report on Thursday, August 6th. Citizens Jmp increased their price target on shares of Carlyle Group from $70.00 to $73.00 and gave the company a "market outperform" rating in a research report on Thursday, August 6th. Finally, Morgan Stanley set a $57.00 target price on shares of Carlyle Group in a research note on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Carlyle Group currently has a consensus rating of "Hold" and a consensus price target of $59.31.
Read Our Latest Report on Carlyle Group
Carlyle Group Company Profile
(
Free Report)
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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