40,000 Shares in Carlyle Group Inc. $CG Bought by Miller Value Partners LLC

Miller Value Partners LLC bought a new stake in Carlyle Group Inc. (NASDAQ:CG) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 40,000 shares of the financial services provider’s stock, valued at approximately $1,684,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. AQR Capital Management LLC grew its stake in Carlyle Group by 937.5% in the 1st quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock valued at $2,499,000 after acquiring an additional 51,809 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Carlyle Group by 40.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock valued at $49,909,000 after purchasing an additional 332,533 shares in the last quarter. Empowered Funds LLC grew its position in shares of Carlyle Group by 3.4% in the first quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock valued at $2,103,000 after purchasing an additional 1,579 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Carlyle Group by 27.4% during the 1st quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 574 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $48.92 on Wednesday. The company has a market cap of $17.43 billion, a P/E ratio of 50.96, a P/E/G ratio of 1.50 and a beta of 1.83. The business has a fifty day simple moving average of $45.82 and a 200-day simple moving average of $47.83. Carlyle Group Inc. has a 52 week low of $39.60 and a 52 week high of $69.85. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91.

Carlyle Group (NASDAQ:CG) last released its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was down 28.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 earnings per share. Equities research analysts forecast that Carlyle Group Inc. will post 3.69 EPS for the current year.

Carlyle Group Dividend Announcement

The business 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 $0.35 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. Carlyle Group’s dividend payout ratio (DPR) is currently 145.83%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Weiss Ratings raised Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Citizens Jmp increased their price objective on Carlyle Group from $70.00 to $73.00 and gave the company a “market outperform” rating in a research note on Thursday, August 6th. Barclays boosted their target price on shares of Carlyle Group from $57.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Morgan Stanley set a $57.00 price target on shares of Carlyle Group in a research note on Tuesday, July 21st. Finally, Evercore set a $51.00 price objective on shares of Carlyle Group in a research note on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Carlyle Group currently has an average rating of “Hold” and a consensus price target of $59.31.

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.