Squarepoint Ops LLC Acquires 448,801 Shares of Carlyle Group Inc. $CG

Squarepoint Ops LLC raised its stake in Carlyle Group Inc. (NASDAQ:CG) by 958.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 495,608 shares of the financial services provider’s stock after buying an additional 448,801 shares during the period. Squarepoint Ops LLC’s holdings in Carlyle Group were worth $20,870,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group in the 2nd quarter valued at approximately $26,000. Quarry LP acquired a new stake in Carlyle Group in the third quarter worth $33,000. Main Street Group LTD bought a new position in shares of Carlyle Group during the first quarter worth $27,000. Brown Brothers Harriman & Co. acquired a new stake in Carlyle Group during the 3rd quarter worth $41,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 574 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

Carlyle Group Stock Performance

CG opened at $45.95 on Wednesday. The business has a fifty day simple moving average of $46.77 and a 200 day simple moving average of $47.26. The company has a market capitalization of $16.37 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 1.44 and a beta of 1.84. 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 1.91, a current ratio of 2.35 and a quick ratio of 2.35.

Carlyle Group (NASDAQ:CG) last announced its 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 analyst estimates of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The business’s revenue was down 28.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 EPS. Research analysts expect that Carlyle Group Inc. will post 3.69 EPS for the current year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, August 17th. Carlyle Group’s dividend payout ratio is currently 145.83%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CG. Evercore set a $51.00 price objective on shares of Carlyle Group in a report on Thursday, August 6th. TD Cowen reiterated a “hold” rating on shares of Carlyle Group in a report on Thursday, August 6th. Keefe, Bruyette & Woods increased their target price on shares of Carlyle Group from $47.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Citigroup reissued an “outperform” rating on shares of Carlyle Group in a research report on Thursday, August 6th. Finally, Morgan Stanley set a $57.00 price objective on Carlyle Group in a report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $59.31.

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.