Carlyle Group Inc. (NASDAQ:CG) Shares Bought by SOL Capital Management CO

SOL Capital Management CO grew its position in Carlyle Group Inc. (NASDAQ:CG) by 15.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 178,485 shares of the financial services provider’s stock after acquiring an additional 23,521 shares during the quarter. Carlyle Group comprises 0.9% of SOL Capital Management CO’s holdings, making the stock its 29th largest position. SOL Capital Management CO’s holdings in Carlyle Group were worth $7,780,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Korea Investment CORP raised its holdings in Carlyle Group by 28.6% in the 4th quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider’s stock valued at $8,364,000 after acquiring an additional 36,873 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Carlyle Group by 9.7% in the fourth quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider’s stock valued at $32,856,000 after purchasing an additional 57,606 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Carlyle Group by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider’s stock worth $70,999,000 after buying an additional 14,024 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new stake in Carlyle Group in the 4th quarter valued at $425,000. Finally, Allstate Corp acquired a new stake in shares of Carlyle Group in the 4th quarter worth $338,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Oppenheimer lowered shares of Carlyle Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. JMP Securities decreased their target price on shares of Carlyle Group from $62.00 to $58.00 and set a “market outperform” rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their target price on shares of Carlyle Group from $43.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, May 12th. Cowen upgraded shares of Carlyle Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Finally, Citigroup decreased their target price on shares of Carlyle Group from $55.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $53.00.

Carlyle Group Stock Performance

Shares of CG stock opened at $49.13 on Thursday. The stock’s 50-day moving average is $43.71 and its two-hundred day moving average is $46.75. The firm has a market cap of $17.74 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.06 and a beta of 1.85. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.36 and a current ratio of 2.36.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.17. The company had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.01 earnings per share. Analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Monday, May 19th. Carlyle Group’s payout ratio is 47.46%.

About Carlyle Group

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.