Rakuten Investment Management Inc. Purchases New Shares in Carlyle Group Inc. $CG

Rakuten Investment Management Inc. acquired a new position in Carlyle Group Inc. (NASDAQ:CG) during the second quarter, Holdings Channel.com reports. The firm acquired 15,066 shares of the financial services provider’s stock, valued at approximately $610,000.

Other institutional investors have also modified their holdings of the company. WFA of San Diego LLC purchased a new stake in Carlyle Group during the 2nd quarter worth approximately $26,000. Main Street Group LTD bought a new stake in shares of Carlyle Group in the first quarter worth $27,000. Geneos Wealth Management Inc. boosted its stake in Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares during the last quarter. Quarry LP acquired a new position in Carlyle Group during the 3rd quarter worth $33,000. Finally, Allworth Financial LP acquired a new stake in shares of Carlyle Group in the 2nd quarter valued at about $35,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CG shares. TD Cowen reiterated a “hold” rating on shares of Carlyle Group in a research note on Thursday, August 6th. Cfra downgraded Carlyle Group to a “sell” rating and set a $45.00 target price on the stock. in a report on Friday, May 8th. Royal Bank Of Canada lowered their price target on Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating for the company in a report on Monday, July 13th. Barclays raised their price objective on Carlyle Group from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Finally, Evercore set a $51.00 price objective on shares of Carlyle Group in a report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $59.31.

Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $48.39 on Tuesday. 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 firm’s 50-day moving average price is $46.14 and its two-hundred day moving average price is $47.58. Carlyle Group Inc. has a 52-week low of $39.60 and a 52-week high of $69.85. The stock has a market capitalization of $17.24 billion, a P/E ratio of 50.41, a P/E/G ratio of 1.50 and a beta of 1.82.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $0.91 by $0.16. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The business’s revenue was down 28.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 earnings per share. As a group, sell-side analysts forecast that Carlyle Group Inc. will post 3.69 earnings per share for the current year.

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 annualized dividend and a yield of 2.9%. Carlyle Group’s dividend payout ratio (DPR) 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.