Carlyle Group Inc. (CG) to Issue Quarterly Dividend of $0.35 on February 20th

Carlyle Group Inc. (NASDAQ:CG) declared a quarterly dividend on Thursday, February 5th. Stockholders of record on Monday, February 16th will be paid a dividend of 0.35 per share by the financial services provider on Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, February 13th.

Carlyle Group has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Carlyle Group has a payout ratio of 30.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Carlyle Group to earn $4.74 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 29.5%.

Carlyle Group Price Performance

Shares of NASDAQ CG traded down $3.72 during trading on Wednesday, hitting $53.97. 2,178,562 shares of the company were exchanged, compared to its average volume of 2,916,775. The firm’s fifty day moving average price is $60.65 and its 200 day moving average price is $60.27. The company has a market cap of $19.45 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 1.06 and a beta of 2.05. Carlyle Group has a 1 year low of $33.02 and a 1 year high of $69.85. The company has a debt-to-equity ratio of 1.78, a current ratio of 2.49 and a quick ratio of 2.49.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data 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 analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The company’s revenue for the quarter was up 84.1% on a year-over-year basis. On average, sell-side analysts expect that Carlyle Group will post 4.48 earnings per share for the current fiscal year.

Insider Activity

In related news, Director David M. Rubenstein sold 625,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the sale, the director owned 27,999,644 shares in the company, valued at $1,583,379,868.20. The trade was a 2.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 26.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP increased its holdings in Carlyle Group by 150.3% in the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 299 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of Carlyle Group in the 4th quarter valued at $30,000. WFA of San Diego LLC acquired a new position in shares of Carlyle Group during the 2nd quarter valued at $26,000. Quarry LP acquired a new stake in Carlyle Group in the third quarter worth $33,000. Finally, Motco bought a new stake in Carlyle Group in the third quarter valued at $40,000. 55.88% of the stock is owned by institutional investors.

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.