Capital World Investors Buys 17,403 Shares of Carlyle Group Inc. $CG

Capital World Investors grew its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 0.1% in the third quarter, HoldingsChannel.com reports. The fund owned 19,975,883 shares of the financial services provider’s stock after acquiring an additional 17,403 shares during the quarter. Capital World Investors owned about 0.06% of Carlyle Group worth $1,252,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CG. Capital International Inc. CA lifted its position in Carlyle Group by 30.9% during the third quarter. Capital International Inc. CA now owns 125,360 shares of the financial services provider’s stock worth $7,860,000 after purchasing an additional 29,588 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Carlyle Group in the 3rd quarter valued at approximately $539,000. Schroder Investment Management Group boosted its position in shares of Carlyle Group by 119.4% during the 3rd quarter. Schroder Investment Management Group now owns 9,843 shares of the financial services provider’s stock worth $617,000 after acquiring an additional 5,357 shares in the last quarter. Inceptionr LLC bought a new position in Carlyle Group in the third quarter valued at approximately $1,440,000. Finally, Private Advisor Group LLC lifted its stake in Carlyle Group by 64.9% during the third quarter. Private Advisor Group LLC now owns 8,752 shares of the financial services provider’s stock worth $549,000 after purchasing an additional 3,444 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Performance

NASDAQ CG opened at $48.45 on Wednesday. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.33. The firm has a market cap of $17.50 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 0.99 and a beta of 2.07. The company has a fifty day moving average price of $57.96 and a 200-day moving average price of $58.83. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.03). The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.09 billion. Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The business’s revenue was up 84.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. As a group, equities research analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Monday, February 16th were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. Carlyle Group’s dividend payout ratio (DPR) is presently 64.22%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CG. BMO Capital Markets reissued an “outperform” rating and set a $65.00 price target on shares of Carlyle Group in a report on Thursday, March 5th. Wolfe Research reissued an “outperform” rating on shares of Carlyle Group in a research note on Wednesday, January 7th. Morgan Stanley set a $71.00 target price on shares of Carlyle Group in a report on Tuesday, January 27th. TD Cowen lifted their price target on shares of Carlyle Group from $65.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 27th. Finally, Wall Street Zen upgraded Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Carlyle Group currently has a consensus rating of “Hold” and a consensus price target of $65.36.

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.