Public Employees Retirement System of Ohio Invests $3.19 Million in Carlyle Group Inc. $CG

Public Employees Retirement System of Ohio purchased a new position in Carlyle Group Inc. (NASDAQ:CG) in the second quarter, HoldingsChannel.com reports. The fund purchased 75,647 shares of the financial services provider’s stock, valued at approximately $3,185,000.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Carlyle Group during the 2nd quarter worth about $1,346,848,000. William Blair Investment Management LLC acquired a new stake in shares of Carlyle Group during the 2nd quarter worth about $249,077,000. Norges Bank purchased a new stake in shares of Carlyle Group during the fourth quarter worth about $288,257,000. Legal & General Group Plc purchased a new position in shares of Carlyle Group during the second quarter valued at approximately $162,984,000. Finally, Bank of New York Mellon Corp acquired a new stake in Carlyle Group during the second quarter worth approximately $84,540,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

CG has been the subject of several analyst reports. Barclays boosted their price target on Carlyle Group from $57.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, August 6th. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a research note on Thursday, August 6th. Wall Street Zen raised Carlyle Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Cfra downgraded shares of Carlyle Group to a “sell” rating and set a $45.00 price objective for the company. in a research note on Friday, May 8th. Finally, Royal Bank Of Canada cut their price objective on shares of Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. 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 company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.31.

Carlyle Group Trading Down 1.6%

NASDAQ CG opened at $46.97 on Friday. The firm has a market capitalization of $16.74 billion, a price-to-earnings ratio of 48.93, a PEG ratio of 1.46 and a beta of 1.84. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.35 and a current ratio of 2.35. Carlyle Group Inc. has a one year low of $39.60 and a one year high of $69.85. The company’s 50 day moving average price is $46.56 and its 200 day moving average price is $47.43.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $923.50 million. During the same period in the previous year, the firm earned $0.87 earnings per share. Carlyle Group’s revenue for the quarter was down 28.6% on a year-over-year basis. On average, sell-side analysts predict that Carlyle Group Inc. will post 3.69 EPS for the current year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, August 17th. Carlyle Group’s payout ratio is currently 145.83%.

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.