14,676 Shares in Carlyle Group Inc. $CG Purchased by Waterway Wealth Management LLC

Waterway Wealth Management LLC bought a new stake in shares of Carlyle Group Inc. (NASDAQ:CG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,676 shares of the financial services provider’s stock, valued at approximately $920,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Carlyle Group by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider’s stock worth $1,270,586,000 after acquiring an additional 426,644 shares during the period. State Street Corp increased its holdings in shares of Carlyle Group by 4.8% in the second quarter. State Street Corp now owns 8,221,652 shares of the financial services provider’s stock worth $422,593,000 after purchasing an additional 378,455 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Carlyle Group by 6.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,618,075 shares of the financial services provider’s stock worth $477,653,000 after buying an additional 479,216 shares in the last quarter. Alkeon Capital Management LLC grew its position in Carlyle Group by 13.4% during the second quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock worth $305,384,000 after buying an additional 700,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Carlyle Group by 5.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider’s stock worth $219,583,000 after acquiring an additional 228,484 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CG shares. Keefe, Bruyette & Woods cut their price objective on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, November 3rd. Barclays boosted their price target on shares of Carlyle Group from $65.00 to $71.00 and gave the stock an “overweight” rating in a research note on Monday. Morgan Stanley set a $71.00 price objective on shares of Carlyle Group in a report on Tuesday, January 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. Finally, Citigroup cut their price objective on Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Carlyle Group currently has an average rating of “Hold” and an average target price of $68.00.

Carlyle Group Stock Up 0.9%

Shares of NASDAQ:CG opened at $59.21 on Tuesday. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $69.85. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.78. The stock’s 50-day moving average price is $60.58 and its 200-day moving average price is $60.31. The stock has a market capitalization of $21.34 billion, a P/E ratio of 33.08, a price-to-earnings-growth ratio of 1.05 and a beta of 2.05.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Friday, February 6th. 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 return on equity of 23.46% and a net margin of 16.91%.The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. Carlyle Group’s revenue was up 84.1% compared to the same quarter last year. On average, equities analysts anticipate that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Monday, February 16th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, February 13th. Carlyle Group’s dividend payout ratio is currently 78.21%.

Insider Transactions at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total value of $35,343,750.00. Following the transaction, the director owned 27,999,644 shares in the company, valued at approximately $1,583,379,868.20. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 26.30% of the stock is currently owned by company insiders.

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.