Rakuten Investment Management Inc. Makes New $610,000 Investment in Carlyle Group Inc. $CG

Rakuten Investment Management Inc. bought a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,066 shares of the financial services provider’s stock, valued at approximately $610,000.

A number of other large investors have also recently bought and sold shares of CG. Glenview Trust Co acquired a new stake in Carlyle Group during the 2nd quarter worth approximately $323,000. Comprehensive Money Management Services LLC purchased a new position in Carlyle Group in the second quarter valued at about $405,000. Empowered Funds LLC purchased a new stake in shares of Carlyle Group during the 2nd quarter worth approximately $556,000. United Capital Financial Advisors LLC acquired a new stake in shares of Carlyle Group in the 2nd quarter worth approximately $1,206,000. Finally, Coastal Bridge Advisors LLC purchased a new position in Carlyle Group in the 2nd quarter valued at approximately $2,078,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on CG shares. Citizens Jmp upped their target price on Carlyle Group from $70.00 to $73.00 and gave the company a “market outperform” rating in a report on Thursday, August 6th. Evercore set a $51.00 price objective on shares of Carlyle Group in a research note on Thursday, August 6th. Cfra downgraded shares of Carlyle Group to a “sell” rating and set a $45.00 target price for the company. in a report on Friday, May 8th. Weiss Ratings raised shares of Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $59.31.

Carlyle Group Stock Down 1.4%

Shares of NASDAQ:CG opened at $48.39 on Tuesday. The firm has a market cap of $17.24 billion, a price-to-earnings ratio of 50.41, a PEG ratio of 1.50 and a beta of 1.82. The stock’s 50-day moving average price is $46.14 and its two-hundred day moving average price is $47.58. Carlyle Group Inc. has a 12-month low of $39.60 and a 12-month high of $69.85. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. During the same period in the previous year, the company earned $0.87 EPS. The business’s quarterly revenue was down 28.6% compared to the same quarter last year. On average, 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 was paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. Carlyle Group’s dividend payout ratio is presently 145.83%.

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.