CastleKnight Management LP Raises Holdings in Carlyle Group Inc. $CG

CastleKnight Management LP lifted its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 120.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 265,376 shares of the financial services provider’s stock after purchasing an additional 145,100 shares during the period. CastleKnight Management LP’s holdings in Carlyle Group were worth $15,686,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. WFA of San Diego LLC purchased a new position in shares of Carlyle Group during the 2nd quarter worth approximately $26,000. Geneos Wealth Management Inc. raised its stake 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 buying an additional 574 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of Carlyle Group during the 4th quarter worth approximately $30,000. Quarry LP purchased a new position in shares of Carlyle Group during the 3rd quarter worth approximately $33,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Carlyle Group during the 3rd quarter worth approximately $41,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CG. Evercore set a $56.00 price target on Carlyle Group in a report on Tuesday, April 21st. The Goldman Sachs Group lowered their price target on Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. TD Cowen lowered their price target on Carlyle Group from $53.00 to $50.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Cfra cut Carlyle Group to a “sell” rating and set a $45.00 price target on the stock. in a report on Friday, May 8th. Finally, UBS Group lowered their price target on Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.00.

Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $45.69 on Thursday. The business’s fifty day moving average price is $47.56 and its two-hundred day moving average price is $52.89. The stock has a market cap of $16.45 billion, a PE ratio of 31.29, a price-to-earnings-growth ratio of 1.60 and a beta of 1.84. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.55 and a current ratio of 2.55. Carlyle Group Inc. has a one year low of $41.54 and a one year high of $69.85.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The company had revenue of $750.90 million for 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 last year, the company posted $1.14 EPS. On average, analysts forecast that Carlyle Group Inc. will post 4.05 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, May 18th. Carlyle Group’s dividend 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.