Illinois Municipal Retirement Fund Has $3 Million Position in Carlyle Group Inc. $CG

Illinois Municipal Retirement Fund raised its holdings in Carlyle Group Inc. (NASDAQ:CG) by 50.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,907 shares of the financial services provider’s stock after buying an additional 16,096 shares during the period. Illinois Municipal Retirement Fund’s holdings in Carlyle Group were worth $3,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in Carlyle Group by 150.3% during the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 299 shares in the last quarter. WFA of San Diego LLC bought a new stake in Carlyle Group during the second quarter worth $26,000. Geneos Wealth Management Inc. raised its position in Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after buying an additional 574 shares during the last quarter. Motco purchased a new position in Carlyle Group during the 3rd quarter worth $40,000. Finally, Root Financial Partners LLC bought a new stake in shares of Carlyle Group in the 3rd quarter worth $44,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Up 0.1%

CG stock opened at $54.49 on Monday. The stock has a fifty day moving average of $60.52 and a 200-day moving average of $60.09. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85. The company has a market capitalization of $19.64 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 1.06 and a beta of 2.05. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, February 6th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.03). Carlyle Group had a net margin of 16.92% and a return on equity of 23.98%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the company earned $0.92 earnings per share. Carlyle Group’s revenue for the quarter was up 84.1% compared to the same quarter last year. As a group, equities research analysts predict 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 will be paid on Friday, February 20th. Shareholders of record on Monday, February 16th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.6%. Carlyle Group’s payout ratio is presently 64.22%.

Wall Street Analysts Forecast Growth

CG has been the subject of a number of recent analyst reports. Wolfe Research reaffirmed an “outperform” rating on shares of Carlyle Group in a research report on Wednesday, January 7th. JPMorgan Chase & Co. increased their price target on Carlyle Group from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. TD Cowen reissued a “buy” rating on shares of Carlyle Group in a research report on Wednesday, January 14th. Keefe, Bruyette & Woods lowered their target price on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Finally, Evercore increased their price target on shares of Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Seven 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’s stock. According to data from MarketBeat.com, Carlyle Group currently has a consensus rating of “Hold” and a consensus target price of $68.08.

Insider Activity

In related news, Director David M. Rubenstein sold 625,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the sale, the director directly owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. The trade was a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 26.30% of the stock is currently owned by corporate insiders.

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.