Waterway Wealth Management LLC Boosts Stock Holdings in Carlyle Group Inc. $CG

Waterway Wealth Management LLC lifted its holdings in Carlyle Group Inc. (NASDAQ:CG) by 74.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 25,637 shares of the financial services provider’s stock after buying an additional 10,961 shares during the quarter. Waterway Wealth Management LLC’s holdings in Carlyle Group were worth $1,515,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CG. Norges Bank acquired a new stake in shares of Carlyle Group in the fourth quarter worth $288,257,000. State Street Corp increased its position in shares of Carlyle Group by 20.9% in the third quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after acquiring an additional 1,720,483 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Carlyle Group in the third quarter worth $75,612,000. Vanguard Group Inc. increased its position in shares of Carlyle Group by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after acquiring an additional 934,237 shares in the last quarter. Finally, Algebris UK Ltd. acquired a new stake in shares of Carlyle Group in the fourth quarter worth $50,459,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Buying and Selling

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the transaction, the director directly owned 27,399,644 shares in the company, valued at $1,279,015,381.92. This represents a 1.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 25.40% of the stock is owned by company insiders.

Carlyle Group Price Performance

CG opened at $46.83 on Wednesday. The company has a fifty day simple moving average of $47.59 and a 200 day simple moving average of $52.94. The firm has a market cap of $16.86 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 1.58 and a beta of 1.84. Carlyle Group Inc. has a twelve month low of $41.54 and a twelve month high of $69.85. 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 (NASDAQ:CG) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The firm had revenue of $750.90 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business posted $1.14 earnings per share. Carlyle Group’s revenue for the quarter was down 28.0% on a year-over-year basis. Equities research analysts expect that Carlyle Group Inc. will post 4.05 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were paid 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, May 18th. Carlyle Group’s dividend payout ratio is 95.89%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CG. The Goldman Sachs Group dropped 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 price objective on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. UBS Group lowered their price target on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a report on Friday, February 20th. Cfra lowered 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, JPMorgan Chase & Co. lowered their price target on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.00.

Carlyle Group Company 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.