Corient Private Wealth LP Buys Shares of 51,565 Carlyle Group Inc. $CG

Corient Private Wealth LP bought a new position in Carlyle Group Inc. (NASDAQ:CG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,565 shares of the financial services provider’s stock, valued at approximately $2,171,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in Carlyle Group by 32.3% in the 4th quarter. Allworth Financial LP now owns 721 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 176 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of Carlyle Group by 1.2% during the fourth quarter. Kestra Advisory Services LLC now owns 15,637 shares of the financial services provider’s stock worth $924,000 after buying an additional 184 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Carlyle Group by 6.0% during the third quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider’s stock worth $218,000 after buying an additional 196 shares in the last quarter. Commerce Bank lifted its stake in shares of Carlyle Group by 4.3% in the 4th quarter. Commerce Bank now owns 5,161 shares of the financial services provider’s stock valued at $305,000 after acquiring an additional 212 shares during the last quarter. Finally, GW Henssler & Associates Ltd. boosted its holdings in shares of Carlyle Group by 6.3% during the 4th quarter. GW Henssler & Associates Ltd. now owns 3,673 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 217 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

Carlyle Group Stock Up 1.3%

Shares of NASDAQ:CG opened at $47.14 on Thursday. The firm has a market cap of $16.80 billion, a P/E ratio of 49.10, a P/E/G ratio of 1.43 and a beta of 1.84. Carlyle Group Inc. has a 12-month low of $39.60 and a 12-month high of $69.85. The business has a fifty day simple moving average of $46.33 and a 200 day simple moving average of $47.48. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 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 firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. During the same quarter in the previous year, the company posted $0.87 EPS. The business’s revenue was down 28.6% on a year-over-year basis. Analysts predict that Carlyle Group Inc. will post 3.69 earnings per share for the current year.

Carlyle Group Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. BMO Capital Markets restated an “outperform” rating and set a $52.00 price objective on shares of Carlyle Group in a research report on Monday, July 13th. Citizens Jmp lifted their price target on Carlyle Group from $70.00 to $73.00 and gave the company a “market outperform” rating in a research note on Thursday, August 6th. Keefe, Bruyette & Woods boosted their price target on Carlyle Group from $47.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Morgan Stanley set a $57.00 price objective on shares of Carlyle Group in a report on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $59.31.

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.