97,720 Shares in Carlyle Group Inc. $CG Acquired by Man Group plc

Man Group plc bought a new position in shares of Carlyle Group Inc. (NASDAQ:CG) in the second quarter, Holdings Channel.com reports. The fund bought 97,720 shares of the financial services provider’s stock, valued at approximately $4,115,000.

Several other institutional investors and hedge funds have also made changes to their positions in CG. WFA of San Diego LLC purchased a new stake in Carlyle Group in the 2nd quarter valued at $26,000. Main Street Group LTD acquired a new stake in Carlyle Group during the first quarter worth $27,000. Geneos Wealth Management Inc. grew its holdings 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 worth $28,000 after purchasing an additional 574 shares during the period. Quarry LP acquired a new position in Carlyle Group in the third quarter valued at about $33,000. Finally, Allworth Financial LP acquired a new position in shares of Carlyle Group in the 2nd quarter worth approximately $35,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Stock Performance

NASDAQ CG opened at $49.09 on Monday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. The firm has a 50-day moving average price of $46.06 and a 200 day moving average price of $47.64. Carlyle Group Inc. has a 52-week low of $39.60 and a 52-week high of $69.85. The stock has a market capitalization of $17.49 billion, a P/E ratio of 51.14, a P/E/G ratio of 1.50 and a beta of 1.82.

Carlyle Group (NASDAQ:CG) last released its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $923.50 million. During the same quarter last year, the company earned $0.87 earnings per share. Carlyle Group’s quarterly revenue was down 28.6% compared to the same quarter last year. Equities research analysts expect that Carlyle Group Inc. will post 3.69 EPS for the current year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, August 17th. Carlyle Group’s payout ratio is 145.83%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CG. Wall Street Zen upgraded Carlyle Group from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group increased their price target on Carlyle Group from $63.00 to $70.00 and gave the company a “buy” rating in a research 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 report on Friday, May 8th. Citizens Jmp lifted their price target on Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Carlyle Group from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to 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.