Carlyle Group Inc. $CG Shares Acquired by Capital World Investors

Capital World Investors boosted its stake in Carlyle Group Inc. (NASDAQ:CG) by 0.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,975,883 shares of the financial services provider’s stock after purchasing an additional 17,403 shares during the quarter. Capital World Investors owned about 5.52% of Carlyle Group worth $1,252,488,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allworth Financial LP raised its position in Carlyle Group by 150.3% in the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 299 shares during the period. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group in the 2nd quarter valued at about $26,000. Motco bought a new stake in Carlyle Group during the third quarter valued at $40,000. Geneos Wealth Management Inc. grew its position 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 acquiring an additional 574 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. lifted its holdings in Carlyle Group by 563.5% in the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 690 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 586 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CG. Morgan Stanley set a $71.00 price target on shares of Carlyle Group in a research report on Tuesday, January 27th. UBS Group dropped their target price on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Barclays decreased their price target on Carlyle Group from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Royal Bank Of Canada initiated coverage on shares of Carlyle Group in a research report on Monday, February 23rd. They set an “outperform” rating and a $67.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $65.36.

Carlyle Group Stock Performance

NASDAQ:CG opened at $48.45 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 1.90. The stock has a 50 day simple moving average of $57.96 and a 200 day simple moving average of $58.83. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $69.85. The stock has a market cap of $17.50 billion, a P/E ratio of 22.22, a PEG ratio of 0.99 and a beta of 2.07.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business posted $0.92 EPS. The firm’s quarterly revenue was up 84.1% compared to the same quarter last year. Research analysts anticipate 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 was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, February 13th. Carlyle Group’s dividend payout ratio is presently 64.22%.

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.