Mitsubishi UFJ Asset Management Co. Ltd. Takes $12.95 Million Position in Carlyle Group Inc. $CG

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 307,610 shares of the financial services provider’s stock, valued at approximately $12,953,000.

Several other hedge funds have also added to or reduced their stakes in the business. Norges Bank bought a new stake in Carlyle Group during the 4th quarter worth approximately $288,257,000. Bank of New York Mellon Corp acquired a new position in shares of Carlyle Group during the second quarter worth $84,540,000. State Street Corp grew its stake in shares of Carlyle Group by 20.9% in the third quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after purchasing an additional 1,720,483 shares during the last quarter. Regents of The University of California acquired a new stake in Carlyle Group in the first quarter valued at $73,360,000. Finally, Balyasny Asset Management L.P. bought a new position in Carlyle Group during the 3rd quarter worth $75,612,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Stock Down 2.9%

Shares of NASDAQ:CG opened at $47.99 on Friday. Carlyle Group Inc. has a 1 year low of $39.60 and a 1 year high of $69.85. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35. The business’s 50-day moving average is $45.65 and its 200-day moving average is $48.03. The company has a market capitalization of $17.10 billion, a price-to-earnings ratio of 49.99, a P/E/G ratio of 1.49 and a beta of 1.83.

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

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th will be paid a $0.35 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.40 annualized dividend and a dividend yield of 2.9%. Carlyle Group’s payout ratio is currently 145.83%.

Wall Street Analyst Weigh In

CG has been the topic of a number of analyst reports. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a research report on Thursday, August 6th. TD Cowen reaffirmed a “hold” rating on shares of Carlyle Group in a research note on Thursday, August 6th. UBS Group upped their target price on Carlyle Group from $63.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Evercore set a $51.00 price objective on shares of Carlyle Group in a research note on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently 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.