Korea Investment CORP Takes Position in Carlyle Group Inc. $CG

Korea Investment CORP bought a new stake in Carlyle Group Inc. (NASDAQ:CG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 36,905 shares of the financial services provider’s stock, valued at approximately $1,554,000.

A number of other institutional investors have also recently made changes to their positions in the stock. WFA of San Diego LLC purchased a new position in Carlyle Group in the second quarter worth $26,000. Main Street Group LTD bought a new stake in Carlyle Group during the first quarter worth about $27,000. Geneos Wealth Management Inc. increased 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 valued at $28,000 after purchasing an additional 574 shares during the last quarter. Quarry LP bought a new stake in Carlyle Group in the 3rd quarter worth approximately $33,000. Finally, Allworth Financial LP purchased a new stake in Carlyle Group in the second quarter worth approximately $35,000. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Performance

Shares of NASDAQ:CG opened at $48.92 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91. The company has a 50-day moving average price of $45.82 and a 200-day moving average price of $47.83. The company has a market cap of $17.43 billion, a price-to-earnings ratio of 50.96, a price-to-earnings-growth ratio of 1.50 and a beta of 1.83. Carlyle Group Inc. has a 12 month low of $39.60 and a 12 month high of $69.85.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.16. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.Carlyle Group’s quarterly revenue was down 28.6% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. As a group, equities analysts anticipate that Carlyle Group Inc. will post 3.69 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 issued 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 is Monday, August 17th. Carlyle Group’s dividend payout ratio is currently 145.83%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CG shares. Citizens Jmp boosted their price objective on shares of Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a report on Thursday, August 6th. JPMorgan Chase & Co. lowered their price target on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Cfra lowered Carlyle Group to a “sell” rating and set a $45.00 target price for the company. in a research note on Friday, May 8th. BMO Capital Markets restated an “outperform” rating and set a $52.00 price target on shares of Carlyle Group in a research report on Monday, July 13th. Finally, Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a research report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $59.31.

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.