William Blair Investment Management LLC Takes Position in Carlyle Group Inc. $CG

William Blair Investment Management LLC purchased a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,914,905 shares of the financial services provider’s stock, valued at approximately $249,077,000. Carlyle Group comprises 0.7% of William Blair Investment Management LLC’s portfolio, making the stock its 20th biggest position.

Other hedge funds also recently bought and sold shares of the company. WFA of San Diego LLC purchased a new position in Carlyle Group in the 2nd quarter worth approximately $26,000. Main Street Group LTD purchased a new stake in shares of Carlyle Group in the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. increased its holdings in shares of Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 574 shares during the last quarter. Quarry LP purchased a new position in Carlyle Group during the third quarter worth approximately $33,000. Finally, Allworth Financial LP acquired a new position in Carlyle Group during the second quarter worth $35,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Trading Up 2.9%

Shares of CG stock opened at $49.37 on Friday. Carlyle Group Inc. has a 1-year low of $39.60 and a 1-year high of $69.85. The firm has a market cap of $17.59 billion, a PE ratio of 51.43, a price-to-earnings-growth ratio of 1.45 and a beta of 1.83. The company has a 50-day moving average of $45.72 and a two-hundred day moving average of $48.04. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The business’s revenue was down 28.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. On average, analysts predict that Carlyle Group Inc. will post 3.68 EPS for the current year.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, August 17th. Carlyle Group’s dividend payout ratio is 145.83%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CG. TD Cowen reaffirmed a “hold” rating on shares of Carlyle Group in a research note on Thursday, August 6th. Royal Bank Of Canada dropped their price objective on shares of Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating for the company in a report on Monday, July 13th. JPMorgan Chase & Co. cut their price objective on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Keefe, Bruyette & Woods boosted their target price on shares of Carlyle Group from $47.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, August 6th. Finally, UBS Group increased their price target on shares of Carlyle Group from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $59.31.

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.