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

Waterway Wealth Management LLC increased its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 74.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,637 shares of the financial services provider’s stock after buying an additional 10,961 shares during the period. Waterway Wealth Management LLC’s holdings in Carlyle Group were worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in shares of Carlyle Group by 28.7% in the third quarter. Fifth Third Bancorp now owns 107,198 shares of the financial services provider’s stock valued at $6,721,000 after purchasing an additional 23,901 shares in the last quarter. Swiss Life Asset Management Ltd lifted its holdings in shares of Carlyle Group by 162.3% in the third quarter. Swiss Life Asset Management Ltd now owns 119,907 shares of the financial services provider’s stock valued at $7,518,000 after purchasing an additional 74,190 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Carlyle Group by 2.9% in the third quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock valued at $1,594,712,000 after purchasing an additional 714,428 shares in the last quarter. Inceptionr LLC purchased a new stake in shares of Carlyle Group in the third quarter valued at about $1,440,000. Finally, Moore Capital Management LP purchased a new stake in shares of Carlyle Group in the third quarter valued at about $42,014,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Performance

Shares of CG opened at $46.83 on Wednesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.55 and a current ratio of 2.55. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 1.58 and a beta of 1.84. The company’s 50 day simple moving average is $47.59 and its 200 day simple moving average is $52.94. Carlyle Group Inc. has a 1 year low of $41.54 and a 1 year high of $69.85.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data 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). The firm had revenue of $750.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The business’s quarterly revenue was down 28.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 EPS. On average, sell-side analysts predict that Carlyle Group Inc. will post 4.05 EPS for the current year.

Carlyle Group Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. Carlyle Group’s dividend payout ratio (DPR) is currently 95.89%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Barclays reduced their price target on shares of 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 reduced their price objective on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. The Goldman Sachs Group reduced their price objective on shares of Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Finally, Cfra downgraded shares of Carlyle Group to a “sell” rating and set a $45.00 price objective on the stock. in a research note on Friday, May 8th. Seven equities 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, Carlyle Group has a consensus rating of “Hold” and a consensus target price of $62.00.

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the stock in a transaction that occurred 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 owned 27,399,644 shares of the company’s stock, valued at $1,279,015,381.92. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 25.40% of the stock is currently owned by corporate insiders.

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.