Danske Bank A S Purchases Shares of 127,809 Carlyle Group Inc. $CG

Danske Bank A S purchased a new position in Carlyle Group Inc. (NASDAQ:CG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 127,809 shares of the financial services provider’s stock, valued at approximately $5,382,000.

Several other hedge funds have also made changes to their positions in the stock. WFA of San Diego LLC bought a new position in Carlyle Group during the second quarter valued at about $26,000. Main Street Group LTD bought a new stake in shares of Carlyle Group in the 1st quarter worth approximately $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 in the last quarter. Quarry LP acquired a new position in shares of Carlyle Group in the third quarter valued at $33,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Carlyle Group by 36.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 258 shares during the period. Institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on CG shares. Keefe, Bruyette & Woods raised their price target on shares of Carlyle Group from $47.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, August 6th. Citizens Jmp raised their target price on Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 6th. TD Cowen reiterated a “hold” rating on shares of Carlyle Group in a research report on Thursday, August 6th. Cfra cut Carlyle Group to a “sell” rating and set a $45.00 price objective for the company. in a report on Friday, May 8th. Finally, UBS Group increased their target price on shares of Carlyle Group from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $59.31.

Carlyle Group Price Performance

Carlyle Group stock opened at $49.37 on Friday. The business’s fifty day moving average is $45.72 and its two-hundred day moving average is $48.04. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market cap of $17.59 billion, a P/E ratio of 51.43, a P/E/G ratio of 1.45 and a beta of 1.83. Carlyle Group Inc. has a 52 week low of $39.60 and a 52 week high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (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 business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. During the same period in the previous year, the business posted $0.87 earnings per share. The firm’s revenue for the quarter was down 28.6% compared to the same quarter last year. Equities research analysts forecast that Carlyle Group Inc. will post 3.68 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, August 17th. Carlyle Group’s dividend payout ratio is 145.83%.

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.