34,974 Shares in Carlyle Group Inc. $CG Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in Carlyle Group Inc. (NASDAQ:CG) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 34,974 shares of the financial services provider’s stock, valued at approximately $1,473,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group in the second quarter worth $26,000. Main Street Group LTD acquired a new position in Carlyle Group during the first quarter valued at $27,000. Geneos Wealth Management Inc. boosted its holdings in Carlyle Group by 755.3% in the first 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. Quarry LP purchased a new position in shares of Carlyle Group during the 3rd quarter valued at about $33,000. Finally, Allworth Financial LP acquired a new position in shares of Carlyle Group in the 2nd quarter valued at about $35,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings raised Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. BMO Capital Markets reissued an “outperform” rating and issued a $52.00 price target on shares of Carlyle Group in a report on Monday, July 13th. JPMorgan Chase & Co. dropped their price objective 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. Cfra cut shares of Carlyle Group to a “sell” rating and set a $45.00 target price for the company. in a research note on Friday, May 8th. Finally, TD Cowen restated a “hold” rating on shares of Carlyle Group in a research report on Thursday, August 6th. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.31.

Carlyle Group Trading Down 0.4%

Shares of NASDAQ:CG opened at $48.92 on Wednesday. The business’s 50 day moving average price is $45.82 and its 200-day moving average price is $47.83. 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 price-to-earnings-growth ratio of 1.50 and a beta of 1.83. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 10.08% and a return on equity of 22.52%. The firm’s revenue for the quarter was down 28.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 earnings per share. On average, equities research analysts forecast that Carlyle Group Inc. will post 3.69 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 17th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. Carlyle Group’s dividend payout ratio (DPR) is currently 145.83%.

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.