Private Management Group Inc. Has $40.20 Million Stake in Carlyle Group Inc. $CG

Private Management Group Inc. increased its position in Carlyle Group Inc. (NASDAQ:CG) by 38.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 954,767 shares of the financial services provider’s stock after buying an additional 263,342 shares during the period. Carlyle Group accounts for 1.1% of Private Management Group Inc.’s portfolio, making the stock its 23rd largest holding. Private Management Group Inc. owned 0.27% of Carlyle Group worth $40,205,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Carlyle Group during the 2nd quarter valued at $1,346,848,000. William Blair Investment Management LLC acquired a new stake in shares of Carlyle Group in the second quarter worth about $249,077,000. Norges Bank bought a new stake in shares of Carlyle Group during the 4th quarter worth about $288,257,000. Legal & General Group Plc acquired a new position in shares of Carlyle Group during the 2nd quarter valued at about $162,984,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Carlyle Group in the 2nd quarter valued at approximately $84,540,000. 55.88% of the stock is owned by institutional investors.

Carlyle Group Trading Down 0.3%

Shares of CG stock opened at $49.09 on Friday. The firm has a market capitalization of $17.49 billion, a P/E ratio of 51.14, a price-to-earnings-growth ratio of 1.50 and a beta of 1.83. Carlyle Group Inc. has a 1 year low of $39.60 and a 1 year high of $69.85. The firm’s fifty day simple moving average is $46.06 and its 200 day simple moving average is $47.72. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $923.50 million. During the same quarter in the previous year, the firm posted $0.87 EPS. The business’s revenue was down 28.6% compared to the same quarter last year. As a group, sell-side analysts predict that Carlyle Group Inc. will post 3.69 EPS for the current year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were issued a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 annualized dividend and a yield of 2.9%. Carlyle Group’s dividend payout ratio is 145.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CG shares. JPMorgan Chase & Co. decreased their target price on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Barclays boosted their price objective on shares of Carlyle Group from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. UBS Group upped their price objective on shares of Carlyle Group from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Morgan Stanley set a $57.00 target price on shares of Carlyle Group in a research report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.