Maltese Capital Management LLC Acquires New Holdings in Carlyle Group Inc. $CG

Maltese Capital Management LLC bought a new stake in Carlyle Group Inc. (NASDAQ:CG) in the 3rd quarter, HoldingsChannel reports. The fund bought 25,000 shares of the financial services provider’s stock, valued at approximately $1,568,000.

Several other hedge funds have also recently modified their holdings of CG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Carlyle Group during the 3rd quarter valued at approximately $121,000. Moore Capital Management LP acquired a new stake in Carlyle Group during the third quarter worth about $42,014,000. Larson Financial Group LLC boosted its holdings in Carlyle Group by 6.0% during the third quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider’s stock worth $218,000 after buying an additional 196 shares in the last quarter. Lido Advisors LLC purchased a new stake in shares of Carlyle Group during the 3rd quarter worth about $204,000. Finally, Integrated Wealth Concepts LLC increased its position in shares of Carlyle Group by 70.2% in the third quarter. Integrated Wealth Concepts LLC now owns 7,520 shares of the financial services provider’s stock valued at $472,000 after buying an additional 3,101 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Performance

NASDAQ CG opened at $46.38 on Tuesday. The company has a fifty day moving average of $56.79 and a two-hundred day moving average of $58.31. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.33. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85. The company has a market capitalization of $16.75 billion, a PE ratio of 21.28, a P/E/G ratio of 0.88 and a beta of 2.07.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.09 billion. Carlyle Group had a net margin of 16.92% and a return on equity of 23.62%. The firm’s revenue for the quarter was up 84.1% compared to the same quarter last year. During the same period last year, the company earned $0.92 earnings per share. As a group, analysts expect 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 was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, February 13th. Carlyle Group’s payout ratio is presently 64.22%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CG. UBS Group decreased their target price on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Wolfe Research restated an “outperform” rating on shares of Carlyle Group in a research note on Wednesday, January 7th. JPMorgan Chase & Co. boosted their price target on shares of Carlyle Group from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Barclays lowered their price objective on shares of Carlyle Group from $71.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Finally, Evercore upped their target price on shares of Carlyle Group from $57.00 to $62.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $65.36.

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.