Private Management Group Inc. Has $48.36 Million Stock Holdings in Carlyle Group Inc. $CG

Private Management Group Inc. grew its holdings in Carlyle Group Inc. (NASDAQ:CG) by 6.6% during the 2nd quarter, Holdings Channel reports. The firm owned 940,870 shares of the financial services provider’s stock after purchasing an additional 58,411 shares during the period. Carlyle Group makes up approximately 1.6% of Private Management Group Inc.’s portfolio, making the stock its 5th biggest position. Private Management Group Inc.’s holdings in Carlyle Group were worth $48,361,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Carlyle Group by 4.9% in the first quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock valued at $1,058,929,000 after acquiring an additional 1,131,514 shares during the last quarter. Citigroup Inc. boosted its position in shares of Carlyle Group by 484.4% in the 1st quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider’s stock worth $27,176,000 after purchasing an additional 516,761 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Carlyle Group by 21.7% during the first quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider’s stock worth $118,684,000 after purchasing an additional 485,488 shares during the period. Nuveen LLC bought a new stake in Carlyle Group in the first quarter valued at about $20,793,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Carlyle Group by 37.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,604,610 shares of the financial services provider’s stock valued at $69,945,000 after buying an additional 441,276 shares during the period. 55.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CG has been the subject of a number of recent analyst reports. Citigroup lowered their price target on Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Jefferies Financial Group increased their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a report on Wednesday, August 13th. Evercore ISI decreased their price target on shares of Carlyle Group from $64.00 to $57.00 and set an “in-line” rating for the company in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, October 8th. Finally, BMO Capital Markets initiated coverage on Carlyle Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $74.00 target price for the company. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Carlyle Group has a consensus rating of “Hold” and an average target price of $66.00.

Carlyle Group Trading Up 1.9%

Shares of NASDAQ:CG opened at $51.72 on Friday. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.22 and a beta of 2.01. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85. The company’s fifty day simple moving average is $58.62 and its 200 day simple moving average is $56.25. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52.

Carlyle Group (NASDAQ:CG) last released its earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. The firm had revenue of $782.50 million during the quarter, compared to analysts’ expectations of $848.51 million. Carlyle Group had a return on equity of 23.60% and a net margin of 20.22%.During the same quarter in the prior year, the company earned $0.95 EPS. As a group, research analysts forecast that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Monday, November 10th. Carlyle Group’s dividend payout ratio (DPR) is currently 78.21%.

Carlyle Group Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.