Moore Capital Management LP Purchases Shares of 670,080 Carlyle Group Inc. $CG

Moore Capital Management LP acquired a new stake in Carlyle Group Inc. (NASDAQ:CG) during the 3rd quarter, Holdings Channel reports. The firm acquired 670,080 shares of the financial services provider’s stock, valued at approximately $42,014,000.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Carlyle Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock worth $1,594,712,000 after purchasing an additional 714,428 shares in the last quarter. State Street Corp grew its holdings in Carlyle Group by 4.8% during the 2nd quarter. State Street Corp now owns 8,221,652 shares of the financial services provider’s stock valued at $422,593,000 after buying an additional 378,455 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Carlyle Group by 6.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,618,075 shares of the financial services provider’s stock valued at $477,653,000 after buying an additional 479,216 shares during the last quarter. Alkeon Capital Management LLC lifted its holdings in shares of Carlyle Group by 13.4% in the second quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock worth $305,384,000 after buying an additional 700,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Carlyle Group by 5.6% during the second quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider’s stock valued at $219,583,000 after acquiring an additional 228,484 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Performance

Carlyle Group stock opened at $46.38 on Tuesday. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 1.90. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The company’s 50-day moving average price is $56.79 and its 200-day moving average price is $58.31. The company has a market cap of $16.75 billion, a PE ratio of 21.28, a price-to-earnings-growth ratio of 0.88 and a beta of 2.07.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.03). Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The company’s revenue was up 84.1% on a year-over-year basis. On average, equities research analysts forecast that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. Carlyle Group’s payout ratio is currently 64.22%.

Wall Street Analyst Weigh In

CG has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Carlyle Group from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Evercore raised their price objective on Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Wall Street Zen upgraded Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Royal Bank Of Canada began coverage on Carlyle Group in a report on Monday, February 23rd. They set an “outperform” rating and a $67.00 price target for the company. Finally, UBS Group decreased their price objective on Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Eight research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $65.36.

Carlyle Group 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.