Deprince Race & Zollo Inc. Boosts Stock Position in Carlyle Group Inc. $CG

Deprince Race & Zollo Inc. lifted its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 14.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 527,290 shares of the financial services provider’s stock after buying an additional 66,045 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in Carlyle Group were worth $25,516,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new position in Carlyle Group during the fourth quarter valued at $30,000. WFA of San Diego LLC purchased a new stake in shares of Carlyle Group during the second quarter worth about $26,000. Quarry LP acquired a new position in shares of Carlyle Group during the 3rd quarter worth about $33,000. Brown Brothers Harriman & Co. purchased a new position in Carlyle Group in the 3rd quarter valued at about $41,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after buying an additional 574 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Price Performance

CG stock opened at $42.33 on Thursday. Carlyle Group Inc. has a 1 year low of $39.60 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. The firm has a market capitalization of $15.24 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.44 and a beta of 1.84. The business has a 50 day simple moving average of $46.10 and a 200-day simple moving average of $51.91.

Carlyle Group (NASDAQ:CG) last announced 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). The company had revenue of $750.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The business’s quarterly revenue was down 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.14 EPS. Equities research analysts anticipate that Carlyle Group Inc. will post 4.05 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.40 annualized dividend and a dividend yield of 3.3%. Carlyle Group’s payout ratio is presently 95.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Barclays reduced their target price on Carlyle Group from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Friday, May 8th. The Goldman Sachs Group dropped their price target on Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Cfra lowered Carlyle Group to a “sell” rating and set a $45.00 price objective on the stock. in a report on Friday, May 8th. BMO Capital Markets dropped their target price on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. Finally, Royal Bank Of Canada cut shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 target price for the company. in a research report on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.00.

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.