Carlyle Group Inc. $CG Position Increased by Squarepoint Ops LLC

Squarepoint Ops LLC increased its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 958.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 495,608 shares of the financial services provider’s stock after acquiring an additional 448,801 shares during the quarter. Squarepoint Ops LLC owned 0.14% of Carlyle Group worth $20,870,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CG. BlackRock Inc. acquired a new position in shares of Carlyle Group in the second quarter worth $1,346,848,000. California State Teachers Retirement System grew its stake in Carlyle Group by 3,902.5% in the second quarter. California State Teachers Retirement System now owns 12,772,595 shares of the financial services provider’s stock valued at $537,854,000 after purchasing an additional 12,453,476 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Carlyle Group in the 2nd quarter worth about $249,077,000. Norges Bank acquired a new stake in shares of Carlyle Group during the 4th quarter valued at about $288,257,000. Finally, Legal & General Group Plc bought a new stake in shares of Carlyle Group in the 2nd quarter valued at approximately $162,984,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CG. BMO Capital Markets restated an “outperform” rating and set a $52.00 price target on shares of Carlyle Group in a research note on Monday, July 13th. Morgan Stanley set a $57.00 target price on shares of Carlyle Group in a research report on Tuesday, July 21st. Evercore set a $51.00 price target on Carlyle Group in a research report on Thursday, August 6th. Wall Street Zen raised Carlyle Group from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Finally, Keefe, Bruyette & Woods raised their price objective on Carlyle Group from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $59.31.

Carlyle Group Trading Down 2.2%

Shares of Carlyle Group stock opened at $45.95 on Wednesday. Carlyle Group Inc. has a 52-week low of $39.60 and a 52-week high of $69.85. The firm has a market capitalization of $16.37 billion, a PE ratio of 47.87, a price-to-earnings-growth ratio of 1.44 and a beta of 1.84. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35. The company’s fifty day moving average price is $46.77 and its two-hundred day moving average price is $47.26.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.16. The business 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%.Carlyle Group’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. On average, analysts expect that Carlyle Group Inc. will post 3.69 EPS for the current year.

Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 17th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 17th. Carlyle Group’s dividend payout ratio (DPR) is currently 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.