Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Stock Holdings in Carlyle Group Inc. $CG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 8.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,744 shares of the financial services provider’s stock after acquiring an additional 4,299 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Carlyle Group were worth $2,814,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its holdings in Carlyle Group by 4.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,138,859 shares of the financial services provider’s stock worth $366,937,000 after purchasing an additional 311,300 shares during the last quarter. Breed s Hill Capital LLC bought a new position in shares of Carlyle Group during the 2nd quarter valued at $206,000. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Carlyle Group by 25.4% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 99,739 shares of the financial services provider’s stock worth $5,127,000 after acquiring an additional 20,215 shares during the period. Geode Capital Management LLC increased its position in Carlyle Group by 5.6% during the second quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider’s stock valued at $219,583,000 after acquiring an additional 228,484 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Carlyle Group by 13.9% in the second quarter. PNC Financial Services Group Inc. now owns 34,163 shares of the financial services provider’s stock worth $1,756,000 after purchasing an additional 4,160 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Trading Up 0.6%

Shares of Carlyle Group stock opened at $51.97 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. The company has a fifty day moving average of $59.25 and a 200 day moving average of $56.21. The company has a market capitalization of $18.73 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.22 and a beta of 2.01. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, meeting the consensus estimate of $0.98. The business had revenue of $782.50 million for the quarter, compared to the consensus estimate of $848.51 million. Carlyle Group had a return on equity of 23.60% and a net margin of 20.22%.During the same period in the previous year, the business earned $0.95 earnings per share. On average, sell-side analysts anticipate that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were issued a dividend of $0.35 per share. 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 78.21%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CG. Morgan Stanley increased their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. Citigroup dropped their price target on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Keefe, Bruyette & Woods reduced their price objective on Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Barclays reiterated an “overweight” rating and set a $74.00 target price (up from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Carlyle Group currently has an average rating of “Hold” and an average target price of $66.00.

Carlyle Group Company 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.