Holocene Advisors LP Increases Stock Holdings in Carlyle Group Inc. $CG

Holocene Advisors LP boosted its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 7.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 718,562 shares of the financial services provider’s stock after purchasing an additional 52,686 shares during the period. Holocene Advisors LP’s holdings in Carlyle Group were worth $45,054,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allworth Financial LP grew its position in shares of Carlyle Group by 150.3% during the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 299 shares in the last quarter. WFA of San Diego LLC purchased a new stake in shares of Carlyle Group in the second quarter worth $26,000. Motco bought a new stake in Carlyle Group during the third quarter valued at $40,000. Brown Brothers Harriman & Co. purchased a new position in Carlyle Group during the third quarter worth about $41,000. Finally, 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 valued at $28,000 after acquiring an additional 574 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Stock Performance

Carlyle Group stock opened at $46.38 on Tuesday. The firm has a fifty day simple moving average of $56.79 and a two-hundred day simple moving average of $58.31. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 1.90. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month 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 quarterly earnings data 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). Carlyle Group had a net margin of 16.92% and a return on equity of 23.62%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $0.92 earnings per share. The firm’s quarterly revenue was up 84.1% compared to the same quarter last year. Research analysts expect that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were given a $0.35 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.40 annualized dividend and a yield of 3.0%. Carlyle Group’s payout ratio is presently 64.22%.

Wall Street Analysts Forecast Growth

CG has been the subject of several recent analyst reports. Royal Bank Of Canada assumed coverage on Carlyle Group in a report on Monday, February 23rd. They set an “outperform” rating and a $67.00 price objective for the company. Wolfe Research reiterated an “outperform” rating on shares of Carlyle Group in a research report on Wednesday, January 7th. Barclays cut their price target 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. Wall Street Zen upgraded shares of Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Morgan Stanley set a $71.00 target price on shares of Carlyle Group in a research report on Tuesday, January 27th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.