Northwestern Mutual Wealth Management Co. Acquires Shares of 131,163 Carlyle Group Inc. $CG

Key Points

• Northwestern Mutual Wealth Management acquired 131,163 Carlyle Group shares worth approximately $5.5 million, while institutional investors collectively own 55.88% of the company.
• Analyst sentiment is mixed: seven analysts rate Carlyle a Buy, seven a Hold and one a Sell, resulting in an overall “Hold” rating and an average price target of $59.31.
• Carlyle exceeded quarterly earnings expectations with $1.07 EPS versus $0.91 forecast and $1.11 billion in revenue, but revenue declined 28.6% year over year. The company also announced a quarterly dividend of $0.35 per share, yielding 2.8% annually.

Northwestern Mutual Wealth Management Co. acquired a new position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 131,163 shares of the financial services provider's stock, valued at approximately $5,523,000.

Several other institutional investors have also recently made changes to their positions in CG. Allworth Financial LP lifted its stake in Carlyle Group by 32.3% in the fourth quarter. Allworth Financial LP now owns 721 shares of the financial services provider's stock worth $43,000 after purchasing an additional 176 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Carlyle Group by 1.2% in the fourth quarter. Kestra Advisory Services LLC now owns 15,637 shares of the financial services provider's stock valued at $924,000 after acquiring an additional 184 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of 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 worth $218,000 after purchasing an additional 196 shares during the period. Robertson Stephens Wealth Management LLC lifted its holdings in Carlyle Group by 3.1% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 6,595 shares of the financial services provider's stock worth $390,000 after buying an additional 199 shares during the period. Finally, Commerce Bank boosted its position in Carlyle Group by 4.3% during the 4th quarter. Commerce Bank now owns 5,161 shares of the financial services provider's stock valued at $305,000 after acquiring an additional 212 shares in the last quarter. Institutional investors own 55.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CG shares. Weiss Ratings upgraded Carlyle Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Cfra downgraded shares of Carlyle Group to a "sell" rating and set a $45.00 target price for the company. in a research note on Friday, May 8th. Barclays upped their price target on Carlyle Group from $57.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, August 6th. Royal Bank Of Canada lowered their price objective on Carlyle Group from $58.00 to $56.00 and set a "sector perform" rating for the company in a research report on Monday, July 13th. Finally, TD Cowen restated a "hold" rating on shares of Carlyle Group in a research note on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $59.31.

Carlyle Group Price Performance

Shares of CG stock opened at $49.37 on Monday. Carlyle Group Inc. has a twelve month low of $39.60 and a twelve month high of $69.85. The stock has a market cap of $17.59 billion, a P/E ratio of 51.43, a P/E/G ratio of 1.51 and a beta of 1.82. The stock has a 50 day moving average of $45.72 and a 200 day moving average of $47.96. 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 released 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. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. During the same quarter last year, the business earned $0.87 earnings per share. The firm's revenue was down 28.6% on a year-over-year basis. As a group, sell-side analysts expect that Carlyle Group Inc. will post 3.69 EPS for the current year.

Carlyle Group Dividend Announcement

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

Carlyle Group 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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