Carlyle Group Inc. (CG) To Go Ex-Dividend on May 18th

Carlyle Group Inc. (NASDAQ:CG) declared a quarterly dividend on Thursday, April 23rd. Shareholders of record on Monday, May 18th will be paid a dividend of 0.35 per share by the financial services provider on Thursday, May 28th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, May 18th.

Carlyle Group has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Carlyle Group has a dividend payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Carlyle Group to earn $5.21 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 26.9%.

Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $48.02 on Friday. The business’s 50-day moving average price is $48.63 and its two-hundred day moving average price is $54.23. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.33. Carlyle Group has a one year low of $43.19 and a one year high of $69.85. The company has a market capitalization of $17.29 billion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 1.70 and a beta of 1.89.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The firm had revenue of $750.90 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm earned $1.14 EPS. The business’s revenue for the quarter was down 28.0% compared to the same quarter last year. Analysts anticipate that Carlyle Group will post 4.04 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David M. Rubenstein sold 500,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the completion of the sale, the director owned 27,399,644 shares in the company, valued at $1,279,015,381.92. This represents a 1.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 26.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carlyle Group

Large investors have recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new position in shares of Carlyle Group in the 4th quarter worth approximately $30,000. WFA of San Diego LLC acquired a new position in shares of Carlyle Group in the 2nd quarter worth approximately $26,000. Quarry LP acquired a new position in shares of Carlyle Group in the 3rd quarter worth approximately $33,000. Main Street Group LTD acquired a new position in shares of Carlyle Group in the 1st quarter worth approximately $27,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Carlyle Group in the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

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.