Y Intercept Hong Kong Ltd Purchases New Stake in Carlyle Group Inc. $CG

Y Intercept Hong Kong Ltd purchased a new position in Carlyle Group Inc. (NASDAQ:CG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 83,153 shares of the financial services provider’s stock, valued at approximately $4,024,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CG. Swiss Life Asset Management Ltd grew its stake in Carlyle Group by 162.3% in the third quarter. Swiss Life Asset Management Ltd now owns 119,907 shares of the financial services provider’s stock worth $7,518,000 after purchasing an additional 74,190 shares during the period. Inceptionr LLC bought a new stake in shares of Carlyle Group during the 3rd quarter valued at $1,440,000. Moore Capital Management LP bought a new position in shares of Carlyle Group during the third quarter valued at approximately $42,014,000. CSM Advisors LLC increased its position in Carlyle Group by 27.1% during the 3rd quarter. CSM Advisors LLC now owns 339,003 shares of the financial services provider’s stock valued at $21,259,000 after buying an additional 72,278 shares in the last quarter. Finally, Azora Capital LP boosted its holdings in Carlyle Group by 79.6% in the third quarter. Azora Capital LP now owns 1,076,083 shares of the financial services provider’s stock worth $67,470,000 after acquiring an additional 477,031 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CG. Royal Bank Of Canada cut shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price target on the stock. in a research note on Monday, May 11th. Morgan Stanley decreased their target price on shares of Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Evercore set a $56.00 price target on shares of Carlyle Group in a report on Tuesday, April 21st. Cfra lowered shares of Carlyle Group to a “sell” rating and set a $45.00 price objective for the company. in a report on Friday, May 8th. Finally, The Goldman Sachs Group lowered their price objective on Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $62.00.

Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $42.83 on Monday. The firm’s 50-day moving average price is $45.75 and its 200-day moving average price is $51.69. Carlyle Group Inc. has a 52-week low of $39.60 and a 52-week high of $69.85. The company has a market cap of $15.42 billion, a PE ratio of 29.34, a PEG ratio of 1.49 and a beta of 1.84. 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 (NASDAQ:CG) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share 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 company had revenue of $750.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was down 28.0% on a year-over-year basis. As a group, analysts anticipate that Carlyle Group Inc. will post 3.98 EPS for the current year.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, May 18th. Carlyle Group’s dividend payout ratio (DPR) is 95.89%.

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.