United Capital Financial Advisors LLC Makes New Investment in Carlyle Group Inc. $CG

United Capital Financial Advisors LLC purchased a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 28,640 shares of the financial services provider’s stock, valued at approximately $1,206,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WFA of San Diego LLC acquired a new position in Carlyle Group during the second quarter worth $26,000. Main Street Group LTD purchased a new position in shares of Carlyle Group in the first quarter valued at $27,000. Geneos Wealth Management Inc. boosted its position in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after buying an additional 574 shares in the last quarter. Quarry LP acquired a new stake in Carlyle Group in the 3rd quarter valued at about $33,000. Finally, Allworth Financial LP acquired a new position in Carlyle Group during the second quarter worth about $35,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their price target on shares of Carlyle Group from $47.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, August 6th. Evercore set a $51.00 price objective on Carlyle Group in a research note on Thursday, August 6th. TD Cowen reissued a “hold” rating on shares of Carlyle Group in a research note on Thursday, August 6th. JPMorgan Chase & Co. decreased their price target on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Finally, Weiss Ratings raised shares of Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $59.31.

Carlyle Group Stock Performance

NASDAQ CG opened at $49.09 on Friday. 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 company has a market capitalization of $17.49 billion, a PE ratio of 51.14, a price-to-earnings-growth ratio of 1.50 and a beta of 1.83. The business’s 50-day moving average price is $46.06 and its 200 day moving average price is $47.72. Carlyle Group Inc. has a twelve month low of $39.60 and a twelve month high of $69.85.

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

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were 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 was 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.