Jupiter Topco LLC Makes New Investment in Carlyle Group Inc. $CG

Jupiter Topco LLC bought a new position in Carlyle Group Inc. (NASDAQ:CG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,173 shares of the financial services provider’s stock, valued at approximately $723,000.

Several other large investors also recently bought and sold shares of CG. WFA of San Diego LLC bought a new position in Carlyle Group during the second quarter valued at $26,000. Quarry LP purchased a new stake in shares of Carlyle Group during the 3rd quarter valued at about $33,000. Main Street Group LTD purchased a new position in Carlyle Group in the first quarter worth about $27,000. Brown Brothers Harriman & Co. purchased a new stake in Carlyle Group during the third quarter valued at approximately $41,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Carlyle Group by 755.3% in the 1st 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. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Performance

CG opened at $46.97 on Monday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. The stock’s fifty day moving average is $46.56 and its two-hundred day moving average is $47.38. The company has a market capitalization of $16.74 billion, a P/E ratio of 48.93, a PEG ratio of 1.44 and a beta of 1.84. Carlyle Group Inc. has a 52 week low of $39.60 and a 52 week high of $69.85.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping 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 return on equity of 22.52% and a net margin of 10.08%.The business’s revenue was down 28.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 EPS. Analysts forecast that Carlyle Group Inc. will post 3.69 earnings per share for the current year.

Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th were issued a $0.35 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.40 annualized dividend and a dividend yield of 3.0%. Carlyle Group’s payout ratio is currently 145.83%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CG shares. Evercore set a $51.00 price objective on shares of Carlyle Group in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Carlyle Group from a “sell” rating to a “hold” rating in a report on Saturday, August 29th. Citigroup restated an “outperform” rating on shares of Carlyle Group in a research report on Thursday, August 6th. UBS Group raised their price target on Carlyle Group from $63.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, TD Cowen reissued a “hold” rating on shares of Carlyle Group in a research note on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Carlyle Group has an average rating of “Hold” and an average target price of $59.31.

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.