Louisiana State Employees Retirement System Buys Shares of 75,200 Carlyle Group Inc. $CG

Louisiana State Employees Retirement System purchased a new position in shares of Carlyle Group Inc. (NASDAQ:CG) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 75,200 shares of the financial services provider’s stock, valued at approximately $3,639,000.

Other institutional investors have also made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new position in Carlyle Group during the fourth quarter valued at approximately $30,000. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group in the second quarter worth $26,000. Quarry LP bought a new stake in shares of Carlyle Group during the 3rd quarter worth $33,000. Brown Brothers Harriman & Co. acquired a new position in Carlyle Group in the 3rd quarter valued at $41,000. Finally, Geneos Wealth Management Inc. raised 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 worth $28,000 after acquiring an additional 574 shares during the period. 55.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CG. The Goldman Sachs Group dropped their target price on shares of Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. JPMorgan Chase & Co. lowered their price objective on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. TD Cowen dropped their price objective on shares of Carlyle Group from $53.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, BMO Capital Markets decreased their target price on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 24th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.00.

Carlyle Group Trading Down 1.2%

NASDAQ CG opened at $41.40 on Friday. The company has a market capitalization of $14.90 billion, a PE ratio of 28.36, a P/E/G ratio of 1.41 and a beta of 1.84. The stock has a 50-day simple moving average of $46.73 and a 200 day simple moving average of $52.30. 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 Inc. has a 12 month low of $40.47 and a 12 month high of $69.85.

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

Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.4%. Carlyle Group’s dividend payout ratio (DPR) is presently 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.