Winthrop Partners WNY LLC Invests $964,000 in Carlyle Group Inc. $CG

Winthrop Partners WNY LLC bought a new stake in Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,311 shares of the financial services provider’s stock, valued at approximately $964,000.

Several other large investors have also bought and sold shares of the company. WFA of San Diego LLC bought a new position in shares of Carlyle Group during the 2nd quarter valued at about $26,000. Geneos Wealth Management Inc. raised its holdings in shares of Carlyle Group by 755.3% in 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 in the last quarter. Bernard Wealth Management Corp. acquired a new stake in Carlyle Group during the fourth quarter valued at approximately $30,000. Quarry LP bought a new stake in Carlyle Group during the third quarter worth approximately $33,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Carlyle Group in the third quarter worth approximately $41,000. Institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CG. BMO Capital Markets reduced their price objective on Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday, March 24th. The Goldman Sachs Group cut their target price on Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Barclays decreased their price target on Carlyle Group from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. TD Cowen dropped their price target on Carlyle Group from $53.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Finally, Evercore set a $56.00 price objective on shares of Carlyle Group in a research note on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $62.00.

Carlyle Group Stock Performance

Shares of NASDAQ:CG opened at $44.80 on Friday. The stock has a market capitalization of $16.13 billion, a PE ratio of 30.68, a P/E/G ratio of 1.53 and a beta of 1.84. The firm has a fifty day moving average price of $47.45 and a 200 day moving average price of $52.76. Carlyle Group Inc. has a 1 year low of $41.54 and a 1 year high of $69.85. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The firm had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The business’s quarterly revenue was down 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 earnings per share. Analysts expect that Carlyle Group Inc. will post 4.05 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. Carlyle Group’s dividend payout ratio (DPR) is 95.89%.

Carlyle Group 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.