JPMorgan Chase & Co. Grows Holdings in Carlyle Group Inc. $CG

JPMorgan Chase & Co. raised its position in Carlyle Group Inc. (NASDAQ:CG) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,130,875 shares of the financial services provider’s stock after buying an additional 72,154 shares during the period. JPMorgan Chase & Co.’s holdings in Carlyle Group were worth $70,909,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Allworth Financial LP boosted its position in Carlyle Group by 150.3% in the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 299 shares during the last quarter. WFA of San Diego LLC bought a new position in Carlyle Group during the second quarter valued at about $26,000. Geneos Wealth Management Inc. increased its holdings in Carlyle Group by 755.3% during the first 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 during the last quarter. Motco bought a new stake in Carlyle Group in the third quarter worth about $40,000. Finally, Root Financial Partners LLC bought a new position in shares of Carlyle Group during the 3rd quarter valued at approximately $44,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Stock Up 2.8%

Shares of NASDAQ CG opened at $50.89 on Wednesday. The business has a 50-day simple moving average of $59.77 and a two-hundred day simple moving average of $59.70. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85. The company has a market cap of $18.34 billion, a P/E ratio of 23.34, a P/E/G ratio of 0.96 and a beta of 2.05. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Friday, February 6th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Carlyle Group had a return on equity of 23.98% and a net margin of 16.92%.The company’s quarterly revenue was up 84.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share. Research analysts anticipate that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. Carlyle Group’s dividend payout ratio is presently 64.22%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CG shares. Evercore upped their price objective on Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods dropped their price target on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Barclays lifted their price objective on Carlyle Group from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. TD Cowen reaffirmed a “buy” rating on shares of Carlyle Group in a report on Wednesday, January 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Carlyle Group presently has an average rating of “Hold” and a consensus target price of $66.86.

Insider Activity

In related news, Director David M. Rubenstein sold 625,000 shares of Carlyle Group stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the completion of the sale, the director owned 27,999,644 shares of the company’s stock, valued at approximately $1,583,379,868.20. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 26.30% 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.