Waterway Wealth Management LLC Makes New $920,000 Investment in Carlyle Group Inc. $CG

Waterway Wealth Management LLC acquired a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,676 shares of the financial services provider’s stock, valued at approximately $920,000.

Other institutional investors have also added to or reduced their stakes in the company. Winslow Asset Management Inc. grew its stake in Carlyle Group by 1.7% in the third quarter. Winslow Asset Management Inc. now owns 146,352 shares of the financial services provider’s stock valued at $9,176,000 after acquiring an additional 2,471 shares during the period. Edgemoor Investment Advisors Inc. bought a new position in shares of Carlyle Group in the third quarter valued at $277,000. Profund Advisors LLC increased its position in shares of Carlyle Group by 30.5% during the third quarter. Profund Advisors LLC now owns 5,909 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 1,381 shares in the last quarter. ProShare Advisors LLC raised its holdings in shares of Carlyle Group by 17.2% in the 3rd quarter. ProShare Advisors LLC now owns 11,076 shares of the financial services provider’s stock worth $694,000 after acquiring an additional 1,623 shares during the last quarter. Finally, Beckerman Institutional LLC acquired a new position in Carlyle Group during the 3rd quarter valued at about $206,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CG has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, January 21st. Barclays raised their price objective on Carlyle Group from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods lowered their target price on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Evercore boosted their price target on shares of Carlyle Group from $57.00 to $62.00 and gave the stock an “in-line” rating in a report on Thursday, January 22nd. Finally, UBS Group increased their price objective on shares of Carlyle Group from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $68.00.

Insider Activity

In related news, Director David M. Rubenstein sold 625,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the sale, the director directly owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. This represents a 2.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 26.30% of the stock is currently owned by company insiders.

Carlyle Group Trading Up 0.9%

NASDAQ:CG opened at $59.21 on Tuesday. The firm’s 50 day moving average is $60.58 and its 200 day moving average is $60.31. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85. The stock has a market capitalization of $21.34 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 1.05 and a beta of 2.05. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.78.

Carlyle Group (NASDAQ:CG) last released its earnings results on Friday, February 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.The business’s quarterly revenue was up 84.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 earnings per share. Sell-side analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Monday, February 16th will be paid a $0.35 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 2.4%. Carlyle Group’s dividend payout ratio (DPR) is presently 78.21%.

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.