40,000 Shares in Carlyle Group Inc. $CG Acquired by Miller Value Partners LLC

Miller Value Partners LLC purchased a new stake in Carlyle Group Inc. (NASDAQ:CG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 40,000 shares of the financial services provider’s stock, valued at approximately $1,684,000.

Other large investors have also modified their holdings of the company. WFA of San Diego LLC acquired a new position in Carlyle Group during the 2nd quarter worth $26,000. Quarry LP purchased a new position in shares of Carlyle Group in the 3rd quarter valued at about $33,000. Main Street Group LTD acquired a new position in shares of Carlyle Group during the first quarter worth about $27,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Carlyle Group during the third quarter worth approximately $41,000. Finally, Geneos Wealth Management Inc. raised its holdings in Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Down 0.4%

Shares of NASDAQ:CG opened at $48.92 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91. The firm has a 50 day simple moving average of $45.82 and a 200-day simple moving average of $47.83. The company has a market capitalization of $17.43 billion, a PE ratio of 50.96, a P/E/G ratio of 1.50 and a beta of 1.83. Carlyle Group Inc. has a twelve month low of $39.60 and a twelve month high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.16. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The firm’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. On average, equities analysts predict that Carlyle Group Inc. will post 3.69 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, August 17th. Carlyle Group’s dividend payout ratio (DPR) is currently 145.83%.

Wall Street Analysts Forecast Growth

CG has been the subject of several analyst reports. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 6th. Barclays lifted their price objective on shares of Carlyle Group from $57.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. dropped their target price on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Royal Bank Of Canada cut their price target on Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating on the stock in a research note on Monday, July 13th. Finally, Citizens Jmp upped their price objective on Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 6th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $59.31.

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.