Carlyle Group Inc. $CG Shares Acquired by Stephens Inc. AR

Stephens Inc. AR lifted its position in Carlyle Group Inc. (NASDAQ:CG) by 13.6% in the first quarter, Holdings Channel reports. The firm owned 101,542 shares of the financial services provider’s stock after acquiring an additional 12,148 shares during the period. Stephens Inc. AR’s holdings in Carlyle Group were worth $4,914,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group in the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. raised its position 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 valued at $28,000 after purchasing an additional 574 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in Carlyle Group during the 4th quarter worth $30,000. Quarry LP purchased a new position in Carlyle Group during the 3rd quarter worth $33,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Carlyle Group in the third quarter valued at $41,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CG shares. Barclays lowered their price target on Carlyle Group from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. BMO Capital Markets decreased their price objective on Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Evercore set a $56.00 price target on Carlyle Group in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group reduced their price objective on Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.00.

Carlyle Group Stock Down 0.1%

CG opened at $44.01 on Wednesday. Carlyle Group Inc. has a 12 month low of $39.60 and a 12 month high of $69.85. The business has a 50-day moving average of $45.56 and a two-hundred day moving average of $51.50. 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 stock has a market capitalization of $15.84 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 1.53 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted $1.14 earnings per share. Carlyle Group’s revenue was down 28.0% on a year-over-year basis. On average, research analysts expect that Carlyle Group Inc. will post 3.98 earnings per share for the current year.

Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were paid 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 3.2%. Carlyle Group’s payout ratio is currently 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.