Element Capital Management LLC Acquires New Holdings in Carlyle Group Inc. $CG

Element Capital Management LLC bought a new position in Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,476 shares of the financial services provider’s stock, valued at approximately $2,038,000. Carlyle Group comprises about 1.0% of Element Capital Management LLC’s investment portfolio, making the stock its 23rd largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CastleKnight Management LP increased its position in Carlyle Group by 120.6% in the 4th quarter. CastleKnight Management LP now owns 265,376 shares of the financial services provider’s stock valued at $15,686,000 after acquiring an additional 145,100 shares during the period. Align Financial LLC bought a new position in shares of Carlyle Group in the fourth quarter worth $706,000. Freestone Grove Partners LP bought a new stake in shares of Carlyle Group during the fourth quarter valued at about $26,253,000. AQR Capital Management LLC grew its position in Carlyle Group by 8.2% in the 4th quarter. AQR Capital Management LLC now owns 168,598 shares of the financial services provider’s stock valued at $9,966,000 after buying an additional 12,800 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Carlyle Group by 1.8% in the 4th quarter. Lazard Asset Management LLC now owns 164,714 shares of the financial services provider’s stock worth $9,736,000 after acquiring an additional 2,908 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Price Performance

NASDAQ CG opened at $45.69 on Thursday. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92. Carlyle Group Inc. has a 1 year low of $41.54 and a 1 year high of $69.85. The company has a market cap of $16.45 billion, a PE ratio of 31.29, a PEG ratio of 1.60 and a beta of 1.84. The stock’s 50-day moving average price is $47.56 and its two-hundred day moving average price is $52.89.

Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The firm had revenue of $750.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the business earned $1.14 earnings per share. The business’s revenue was down 28.0% on a year-over-year basis. On average, analysts predict that Carlyle Group Inc. will post 4.05 EPS for the current year.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. Carlyle Group’s payout ratio is currently 95.89%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CG. Morgan Stanley cut their target price on Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Cfra cut shares of Carlyle Group to a “sell” rating and set a $45.00 price target on the stock. in a research report on Friday, May 8th. The Goldman Sachs Group reduced their price objective on shares of Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. BMO Capital Markets dropped their target price on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Finally, TD Cowen reduced their target price on shares of Carlyle Group from $53.00 to $50.00 and set a “hold” rating for the company in a report on Monday, May 18th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $62.00.

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.