Winthrop Partners WNY LLC Makes New Investment in Carlyle Group Inc. $CG

Winthrop Partners WNY LLC acquired a new stake in Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,311 shares of the financial services provider’s stock, valued at approximately $964,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CG. DMC Group LLC boosted its position in shares of Carlyle Group by 2.5% in the 4th quarter. DMC Group LLC now owns 6,762 shares of the financial services provider’s stock worth $400,000 after buying an additional 168 shares in the last quarter. Allworth Financial LP increased its holdings in Carlyle Group by 32.3% during the 4th quarter. Allworth Financial LP now owns 721 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 176 shares in the last quarter. Kestra Advisory Services LLC raised its position in Carlyle Group by 1.2% during the fourth quarter. Kestra Advisory Services LLC now owns 15,637 shares of the financial services provider’s stock worth $924,000 after acquiring an additional 184 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Carlyle Group by 6.0% in the third quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 196 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC grew its position in shares of Carlyle Group by 3.1% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 6,595 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 199 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on CG shares. Morgan Stanley lowered their target price on Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. JPMorgan Chase & Co. cut their price target on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Cfra downgraded shares of Carlyle Group to a “sell” rating and set a $45.00 price target for the company. in a report on Friday, May 8th. Finally, The Goldman Sachs Group reduced their price objective on shares of Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.00.

Carlyle Group Stock Performance

NASDAQ CG opened at $44.80 on Friday. The business’s 50-day simple moving average is $47.45 and its 200-day simple moving average is $52.76. The firm has a market capitalization of $16.13 billion, a P/E ratio of 30.68, a P/E/G ratio of 1.53 and a beta of 1.84. Carlyle Group Inc. has a 1-year low of $41.54 and a 1-year high of $69.85. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The company had revenue of $750.90 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. The company’s revenue for the quarter was down 28.0% compared to the same quarter last year. Equities analysts predict that Carlyle Group Inc. will post 4.05 EPS for the current year.

Carlyle Group Dividend Announcement

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

Carlyle Group 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.