Korea Investment CORP Acquires Shares of 36,905 Carlyle Group Inc. $CG

Korea Investment CORP bought a new position in Carlyle Group Inc. (NASDAQ:CG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 36,905 shares of the financial services provider’s stock, valued at approximately $1,554,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WFA of San Diego LLC purchased a new position in shares of Carlyle Group in the 2nd quarter worth approximately $26,000. Quarry LP purchased a new stake in shares of Carlyle Group during the third quarter valued at approximately $33,000. Main Street Group LTD purchased a new position in Carlyle Group in the first quarter worth $27,000. Brown Brothers Harriman & Co. bought a new position in Carlyle Group in the 3rd quarter valued at $41,000. Finally, Geneos Wealth Management Inc. raised its stake 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 worth $28,000 after purchasing an additional 574 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CG shares. Citigroup restated an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 6th. Cfra downgraded shares of Carlyle Group to a “sell” rating and set a $45.00 target price for the company. in a research report on Friday, May 8th. Weiss Ratings raised shares of Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Evercore set a $51.00 price objective on Carlyle Group in a report on Thursday, August 6th. Finally, Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $59.31.

Carlyle Group Stock Down 0.4%

Carlyle Group stock opened at $48.92 on Wednesday. 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 current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91. Carlyle Group Inc. has a 1-year low of $39.60 and a 1-year high of $69.85. The firm has a market capitalization of $17.43 billion, a price-to-earnings ratio of 50.96, a P/E/G ratio of 1.50 and a beta of 1.83.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.16. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the business earned $0.87 earnings per share. On average, analysts predict that Carlyle Group Inc. will post 3.69 earnings per share for the current year.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th will be given 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 145.83%.

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.