Sit Investment Associates Inc. Buys 69,624 Shares of Carlyle Group Inc. $CG

Sit Investment Associates Inc. raised its stake in Carlyle Group Inc. (NASDAQ:CG) by 36.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 262,040 shares of the financial services provider’s stock after acquiring an additional 69,624 shares during the quarter. Sit Investment Associates Inc. owned about 0.07% of Carlyle Group worth $15,489,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CG. WFA of San Diego LLC bought a new position in shares of Carlyle Group during the second quarter worth approximately $26,000. Geneos Wealth Management Inc. grew its holdings in 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 buying an additional 574 shares in the last quarter. Bernard Wealth Management Corp. bought a new position in Carlyle Group during the 4th quarter worth $30,000. Quarry LP acquired a new stake in shares of Carlyle Group during the third quarter worth $33,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Carlyle Group in the third quarter valued at about $41,000. Institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on CG shares. Royal Bank Of Canada lowered shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price target on the stock. in a research report on Monday, May 11th. JPMorgan Chase & Co. decreased their target price on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. 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 report on Friday, February 20th. The Goldman Sachs Group cut their price target on Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Finally, Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Seven 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, Carlyle Group presently has a consensus rating of “Hold” and an average price target of $62.00.

Carlyle Group Trading Down 1.9%

Shares of Carlyle Group stock opened at $44.80 on Friday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. Carlyle Group Inc. has a 12-month low of $41.54 and a 12-month high of $69.85. The company has a market capitalization of $16.13 billion, a price-to-earnings ratio of 30.68, a PEG ratio of 1.56 and a beta of 1.84. The firm’s 50-day moving average price is $47.52 and its two-hundred day moving average price is $52.82.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing the consensus estimate 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%. Carlyle Group’s quarterly revenue was down 28.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.14 earnings per share. On average, analysts forecast that Carlyle Group Inc. will post 4.05 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued 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 dividend yield of 3.1%. Carlyle Group’s payout ratio is 95.89%.

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.