one8zero8 LLC Takes Position in Carlyle Group Inc. $CG

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

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP grew its stake in shares of 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 acquiring an additional 176 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Carlyle Group by 1.2% in the 4th quarter. Kestra Advisory Services LLC now owns 15,637 shares of the financial services provider’s stock worth $924,000 after purchasing an additional 184 shares during the last quarter. Larson Financial Group LLC boosted its stake in 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 in the last quarter. Robertson Stephens Wealth Management LLC increased its stake in Carlyle Group by 3.1% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 6,595 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 199 shares in the last quarter. Finally, Commerce Bank raised its holdings in Carlyle Group by 4.3% in the fourth quarter. Commerce Bank now owns 5,161 shares of the financial services provider’s stock worth $305,000 after buying an additional 212 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

CG has been the topic of a number of recent analyst reports. Cfra cut shares of Carlyle Group to a “sell” rating and set a $45.00 price target on the stock. in a report on Friday, May 8th. Barclays upped their price objective on Carlyle Group from $57.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. reduced their target price on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Citizens Jmp upped their price target on Carlyle Group from $70.00 to $73.00 and gave the company a “market outperform” rating in a report on Thursday, August 6th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Carlyle Group in a research report on Monday, July 13th. Seven 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’s stock. According to data from MarketBeat, Carlyle Group has a consensus rating of “Hold” and a consensus price target of $59.31.

Carlyle Group Stock Performance

Shares of CG opened at $49.40 on Thursday. The firm has a market capitalization of $17.60 billion, a P/E ratio of 51.46, a PEG ratio of 1.46 and a beta of 1.83. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35. Carlyle Group Inc. has a one year low of $39.60 and a one year high of $69.85. The business has a fifty day moving average of $45.58 and a 200 day moving average of $48.11.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. The company 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%.Carlyle Group’s revenue was down 28.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 earnings per share. As a group, sell-side analysts anticipate that Carlyle Group Inc. will post 3.68 EPS for the current year.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 17th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, August 17th. Carlyle Group’s payout ratio is 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.