Cibc World Market Inc. Buys New Stake in Carlyle Group Inc. $CG

Cibc World Market Inc. purchased a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,212 shares of the financial services provider’s stock, valued at approximately $472,000.

A number of other institutional investors have also modified their holdings of the company. Osmosis Investment Management UK Ltd purchased a new stake in shares of Carlyle Group in the 2nd quarter valued at $242,000. Sanctuary Advisors LLC purchased a new position in Carlyle Group during the 2nd quarter valued at about $1,561,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Carlyle Group during the second quarter worth about $274,000. Davis Asset Management L.P. acquired a new stake in shares of Carlyle Group during the second quarter worth about $47,626,000. Finally, Bank of Nova Scotia purchased a new position in shares of Carlyle Group in the second quarter valued at approximately $13,252,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CG shares. Weiss Ratings raised shares of Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Morgan Stanley set a $57.00 price objective on Carlyle Group in a research report on Tuesday, July 21st. Wall Street Zen upgraded Carlyle Group from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada lowered their target price on Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating for the company in a research note on Monday, July 13th. Finally, BMO Capital Markets restated an “outperform” rating and set a $52.00 price target on shares of Carlyle Group in a report on Monday, July 13th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Carlyle Group currently has an average rating of “Hold” and a consensus price target of $59.31.

Carlyle Group Trading Down 0.3%

NASDAQ CG opened at $49.09 on Friday. Carlyle Group Inc. has a 52 week low of $39.60 and a 52 week high of $69.85. The firm has a 50 day moving average of $46.06 and a two-hundred day moving average of $47.72. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $17.49 billion, a PE ratio of 51.14, a price-to-earnings-growth ratio of 1.51 and a beta of 1.83.

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. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The company’s revenue for the quarter was down 28.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 EPS. As a group, research analysts expect that Carlyle Group Inc. will post 3.69 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, August 17th. Carlyle Group’s dividend 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.