JPMorgan Chase & Co. Acquires 72,154 Shares of Carlyle Group Inc. $CG

JPMorgan Chase & Co. lifted its holdings in Carlyle Group Inc. (NASDAQ:CG) by 6.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,130,875 shares of the financial services provider’s stock after purchasing an additional 72,154 shares during the quarter. JPMorgan Chase & Co.’s holdings in Carlyle Group were worth $70,909,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in shares of Carlyle Group by 150.3% in the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 299 shares during the last quarter. WFA of San Diego LLC bought a new stake in shares of Carlyle Group during the second quarter valued at approximately $26,000. Quarry LP acquired a new stake in shares of Carlyle Group in the third quarter valued at approximately $33,000. Motco acquired a new position in Carlyle Group during the 3rd quarter worth $40,000. Finally, Brown Brothers Harriman & Co. bought a new position in Carlyle Group in the 3rd quarter valued at $41,000. Institutional investors own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CG shares. Royal Bank Of Canada started coverage on Carlyle Group in a research report on Monday, February 23rd. They set an “outperform” rating and a $67.00 target price for the company. Wall Street Zen upgraded Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Evercore upped their target price 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. TD Cowen raised their target price on shares of Carlyle Group from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, UBS Group dropped their price target on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Eight research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $65.36.

Carlyle Group Trading Down 0.3%

NASDAQ CG opened at $47.72 on Thursday. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85. The stock has a 50-day simple moving average of $56.11 and a 200 day simple moving average of $58.12. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $17.24 billion, a PE ratio of 21.89, a P/E/G ratio of 0.92 and a beta of 2.07.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.03). The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.Carlyle Group’s quarterly revenue was up 84.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Research analysts forecast that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, February 13th. Carlyle Group’s dividend payout ratio is presently 64.22%.

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.