Carlyle Group Inc. $CG Shares Purchased by CSM Advisors LLC

CSM Advisors LLC grew its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 27.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 339,003 shares of the financial services provider’s stock after buying an additional 72,278 shares during the period. CSM Advisors LLC owned 0.09% of Carlyle Group worth $21,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in Carlyle Group in the second quarter valued at approximately $150,122,000. Balyasny Asset Management L.P. acquired a new stake in Carlyle Group during the third quarter worth approximately $75,612,000. Vanguard Group Inc. lifted its position in shares of Carlyle Group by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock worth $1,594,712,000 after buying an additional 714,428 shares during the last quarter. Alkeon Capital Management LLC boosted its holdings in shares of Carlyle Group by 13.4% in the 2nd quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock valued at $305,384,000 after buying an additional 700,000 shares in the last quarter. Finally, Azora Capital LP purchased a new position in shares of Carlyle Group in the 2nd quarter valued at $30,791,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of Carlyle Group from $71.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Royal Bank Of Canada started coverage on Carlyle Group in a report on Monday, February 23rd. They issued an “outperform” rating and a $67.00 target price for the company. BMO Capital Markets restated an “outperform” rating and set a $65.00 price target on shares of Carlyle Group in a research note on Thursday, March 5th. TD Cowen lifted their price target on Carlyle Group from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Morgan Stanley set a $71.00 price objective on Carlyle Group in a report on Tuesday, January 27th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $65.36.

Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $45.64 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.33 and a current ratio of 2.33. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85. The company has a 50-day simple moving average of $57.14 and a 200-day simple moving average of $58.48. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 0.88 and a beta of 2.07.

Carlyle Group (NASDAQ:CG) last issued its quarterly 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). Carlyle Group had a net margin of 16.92% and a return on equity of 23.62%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm earned $0.92 EPS. The business’s revenue was up 84.1% on a year-over-year basis. On average, analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current year.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. 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.