Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in Carlyle Group Inc. $CG

Key Points

• Mitsubishi UFJ Asset Management acquired 307,610 Carlyle Group shares valued at approximately $12.95 million, giving it about a 0.09% stake. Institutional investors collectively own 55.88% of the company.
• Analysts maintain a consensus “Hold” rating with a $59.31 price target, compared with the stock’s reported price of $47.99. Price targets range from $51 to $57 among recently cited analysts.
• Carlyle exceeded quarterly earnings expectations with $1.07 EPS versus $0.91 projected, though revenue declined 28.6% year over year. The company also declared a quarterly dividend of $0.35, equivalent to a 2.9% annualized yield.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 307,610 shares of the financial services provider's stock, valued at approximately $12,953,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of Carlyle Group at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. WFA of San Diego LLC acquired a new stake in Carlyle Group in the 2nd quarter worth about $26,000. Main Street Group LTD acquired a new position in shares of Carlyle Group during the 1st quarter worth approximately $27,000. Geneos Wealth Management Inc. increased its holdings in shares of 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 during the period. Quarry LP acquired a new stake in shares of Carlyle Group in the third quarter valued at approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Carlyle Group by 36.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider's stock valued at $41,000 after buying an additional 258 shares during the period. 55.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Evercore set a $51.00 price objective on Carlyle Group in a report on Thursday, August 6th. Morgan Stanley set a $57.00 price target on Carlyle Group in a research report on Tuesday, July 21st. Wall Street Zen cut shares of Carlyle Group from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Royal Bank Of Canada reduced their price objective on shares of Carlyle Group from $58.00 to $56.00 and set a "sector perform" rating on the stock in a research note on Monday, July 13th. Finally, TD Cowen restated a "hold" rating on shares of Carlyle Group in a research report on Thursday, August 6th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $59.31.

Carlyle Group Stock Performance

NASDAQ:CG opened at $47.99 on Friday. Carlyle Group Inc. has a twelve month low of $39.60 and a twelve month high of $69.85. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. The stock's 50-day simple moving average is $45.65 and its 200 day simple moving average is $48.03. The firm has a market capitalization of $17.10 billion, a PE ratio of 49.99, a price-to-earnings-growth ratio of 1.49 and a beta of 1.83.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 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 firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $923.50 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The business's quarterly revenue was down 28.6% on a year-over-year basis. On average, analysts anticipate that Carlyle Group Inc. will post 3.68 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 17th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.40 annualized dividend and a yield of 2.9%. Carlyle Group's dividend payout ratio is presently 145.83%.

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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