OP Asset Management Ltd Invests $2.03 Million in Carlyle Group Inc. $CG

OP Asset Management Ltd purchased a new stake in shares of Carlyle Group Inc. (NASDAQ:CG) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 41,951 shares of the financial services provider’s stock, valued at approximately $2,030,000.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in Carlyle Group by 937.5% in the first quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock valued at $2,499,000 after acquiring an additional 51,809 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Carlyle Group by 40.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock valued at $49,909,000 after purchasing an additional 332,533 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Carlyle Group by 3.4% in the 1st quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock worth $2,103,000 after purchasing an additional 1,579 shares during the period. Focus Partners Wealth grew its position in Carlyle Group by 27.4% during the first quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock valued at $237,000 after buying an additional 1,169 shares during the period. Finally, 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 valued at $28,000 after buying an additional 574 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

CG has been the subject of several analyst reports. The Goldman Sachs Group reduced their price objective on Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. JPMorgan Chase & Co. reduced their price target on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Evercore set a $56.00 price objective on Carlyle Group in a research note on Tuesday, April 21st. Royal Bank Of Canada cut shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 target price on the stock. in a research note on Monday, May 11th. Finally, BMO Capital Markets lowered their price target on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, March 24th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $62.00.

Carlyle Group Price Performance

Shares of Carlyle Group stock opened at $41.40 on Monday. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. Carlyle Group Inc. has a 52 week low of $40.47 and a 52 week high of $69.85. The stock’s 50-day simple moving average is $46.73 and its 200-day simple moving average is $52.28. The company has a market capitalization of $14.90 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 1.41 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The business had revenue of $750.90 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business posted $1.14 EPS. The firm’s revenue for the quarter was down 28.0% compared to the same quarter last year. As a group, analysts expect that Carlyle Group Inc. will post 4.05 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a dividend of $0.35 per share. The ex-dividend date was Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.4%. Carlyle Group’s dividend payout ratio (DPR) is presently 95.89%.

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.