Korea Investment CORP Acquires 79,030 Shares of Carlyle Group Inc. $CG

Korea Investment CORP boosted its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 55.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 221,196 shares of the financial services provider’s stock after purchasing an additional 79,030 shares during the period. Korea Investment CORP’s holdings in Carlyle Group were worth $11,369,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CG. Farther Finance Advisors LLC increased its stake in Carlyle Group by 18.2% in the second quarter. Farther Finance Advisors LLC now owns 1,150 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 177 shares during the last quarter. Wedmont Private Capital grew its holdings in Carlyle Group by 3.5% in the 2nd quarter. Wedmont Private Capital now owns 5,831 shares of the financial services provider’s stock worth $332,000 after acquiring an additional 196 shares during the last quarter. Verdence Capital Advisors LLC raised its position in Carlyle Group by 1.8% during the 2nd quarter. Verdence Capital Advisors LLC now owns 11,673 shares of the financial services provider’s stock valued at $600,000 after purchasing an additional 212 shares during the last quarter. B. Metzler seel. Sohn & Co. AG lifted its stake in Carlyle Group by 3.5% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 215 shares during the period. Finally, Bfsg LLC boosted its stake in shares of Carlyle Group by 3.0% during the 2nd quarter. Bfsg LLC now owns 7,345 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Performance

Shares of NASDAQ:CG opened at $54.54 on Monday. The firm has a 50 day moving average of $57.16 and a 200 day moving average of $56.80. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85. The company has a market capitalization of $19.66 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 1.22 and a beta of 2.01.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. Carlyle Group had a return on equity of 23.60% and a net margin of 20.22%.The company had revenue of $782.50 million for the quarter, compared to analyst estimates of $848.51 million. During the same period in the prior year, the company posted $0.95 EPS. On average, sell-side analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 2.6%. Carlyle Group’s dividend payout ratio is 78.21%.

Analyst Ratings Changes

A number of brokerages have recently commented on CG. Jefferies Financial Group boosted their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a report on Wednesday, August 13th. Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. 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. Morgan Stanley boosted their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. Finally, JMP Securities lifted their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a report on Thursday, August 14th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $66.00.

Carlyle Group Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.