Maltese Capital Management LLC Buys New Position in Carlyle Group Inc. $CG

Maltese Capital Management LLC purchased a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,000 shares of the financial services provider’s stock, valued at approximately $1,568,000.

Several other hedge funds have also added to or reduced their stakes in CG. Larson Financial Group LLC raised its position in shares of Carlyle Group by 6.0% in the 3rd quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider’s stock valued at $218,000 after buying an additional 196 shares in the last quarter. DMC Group LLC grew its stake in shares of Carlyle Group by 3.2% in the third quarter. DMC Group LLC now owns 6,594 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 205 shares during the last quarter. Savant Capital LLC raised its holdings in Carlyle Group by 3.4% during the 3rd quarter. Savant Capital LLC now owns 7,888 shares of the financial services provider’s stock worth $495,000 after purchasing an additional 263 shares during the last quarter. McGowan Group Asset Management Inc. boosted its position in shares of Carlyle Group by 2.6% during the 2nd quarter. McGowan Group Asset Management Inc. now owns 11,457 shares of the financial services provider’s stock valued at $589,000 after purchasing an additional 294 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Carlyle Group by 150.3% in the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 299 shares in the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CG. Wall Street Zen upgraded Carlyle Group from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. UBS Group dropped their price objective on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a report on Friday, February 20th. JPMorgan Chase & Co. increased their price target on shares of Carlyle Group from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Evercore increased their target price on Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. Finally, Barclays dropped their target price on shares of Carlyle Group from $71.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, March 2nd. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Carlyle Group presently has an average rating of “Hold” and an average price target of $65.36.

Carlyle Group Trading Up 1.6%

Shares of CG stock opened at $46.38 on Tuesday. Carlyle Group Inc. 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 1.90, a current ratio of 2.33 and a quick ratio of 2.33. The company has a market cap of $16.75 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 0.88 and a beta of 2.07. The firm has a fifty day moving average price of $56.79 and a 200-day moving average price of $58.31.

Carlyle Group (NASDAQ:CG) last released its earnings results 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 analysts’ expectations of $1.09 billion. Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.Carlyle Group’s quarterly revenue was up 84.1% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. As a group, equities analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, February 13th. Carlyle Group’s dividend payout ratio is presently 64.22%.

Carlyle Group Company Profile

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.