one8zero8 LLC Makes New Investment in Carlyle Group Inc. $CG

Key Points

• one8zero8 LLC acquired 74,130 Carlyle Group shares worth approximately $3.12 million in the second quarter. Institutional investors collectively own 55.88% of the company, with BlackRock, Vanguard, Morgan Stanley and State Street among major holders.
• Analyst sentiment is mixed, with seven Buy, seven Hold and one Sell rating. The consensus rating is Hold, with an average price target of $59.31; UBS raised its target to $70 and maintained a Buy rating.
• Carlyle exceeded quarterly expectations, reporting $1.07 in EPS versus the $0.91 estimate and $1.11 billion in revenue, though revenue fell 28.6% year over year. The company also declared a quarterly dividend of $0.35 per share, equivalent to a 2.8% annualized yield.

one8zero8 LLC acquired a new stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 74,130 shares of the financial services provider's stock, valued at approximately $3,122,000.

A number of other large investors also recently added to or reduced their stakes in CG. BlackRock Inc. purchased a new stake in Carlyle Group during the second quarter valued at about $1,346,848,000. Vanguard Group Inc. lifted its stake in shares of Carlyle Group by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider's stock valued at $1,558,627,000 after acquiring an additional 934,237 shares during the last quarter. Morgan Stanley boosted its holdings in Carlyle Group by 0.8% during the 4th quarter. Morgan Stanley now owns 10,189,948 shares of the financial services provider's stock valued at $602,328,000 after acquiring an additional 84,228 shares during the period. State Street Corp grew its position in Carlyle Group by 20.9% during the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider's stock worth $623,372,000 after acquiring an additional 1,720,483 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Carlyle Group by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 4,999,880 shares of the financial services provider's stock worth $294,817,000 after purchasing an additional 79,134 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Morgan Stanley set a $57.00 target price on shares of Carlyle Group in a report on Tuesday, July 21st. Citigroup reissued an "outperform" rating on shares of Carlyle Group in a report on Thursday, August 6th. Keefe, Bruyette & Woods upped their price objective on shares of Carlyle Group from $47.00 to $50.00 and gave the company a "market perform" rating in a research note on Thursday, August 6th. UBS Group raised their target price on Carlyle Group from $63.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Finally, Evercore set a $51.00 price target on Carlyle Group in a report on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $59.31.

Carlyle Group Stock Performance

Shares of CG opened at $49.40 on Thursday. The company has a 50-day simple moving average of $45.58 and a two-hundred day simple moving average of $48.11. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a market capitalization of $17.60 billion, a PE ratio of 51.46, a price-to-earnings-growth ratio of 1.46 and a beta of 1.83. Carlyle Group Inc. has a one year low of $39.60 and a one year high of $69.85.

Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.16. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The business's revenue for the quarter was down 28.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 EPS. On average, analysts anticipate that Carlyle Group Inc. will post 3.68 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

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

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.

Want to see what other hedge funds are holding CG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlyle Group Inc. (NASDAQ:CG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source