Van ECK Associates Corp Grows Stock Position in Carlyle Group Inc. $CG

Van ECK Associates Corp boosted its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 51.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 370,381 shares of the financial services provider’s stock after acquiring an additional 126,441 shares during the quarter. Van ECK Associates Corp owned 0.10% of Carlyle Group worth $15,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. WFA of San Diego LLC purchased a new stake in shares of Carlyle Group during the second quarter valued at approximately $26,000. Quarry LP purchased a new position in shares of Carlyle Group in the third quarter worth $33,000. Main Street Group LTD bought a new stake in Carlyle Group during the 1st quarter valued at $27,000. Brown Brothers Harriman & Co. purchased a new position in shares of Carlyle Group in the third quarter valued at about $41,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CG. Citigroup restated an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $52.00 price objective on shares of Carlyle Group in a report on Monday, July 13th. Royal Bank Of Canada reduced their target price on Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating on the stock in a research note on Monday, July 13th. Citizens Jmp raised their price target on Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Carlyle Group presently has an average rating of “Hold” and a consensus price target of $59.31.

Carlyle Group Stock Performance

Carlyle Group stock opened at $48.39 on Tuesday. Carlyle Group Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $69.85. The stock’s 50 day simple moving average is $46.14 and its two-hundred day simple moving average is $47.58. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a market cap of $17.24 billion, a price-to-earnings ratio of 50.41, a PEG ratio of 1.50 and a beta of 1.82.

Carlyle Group (NASDAQ:CG) last announced its earnings results 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 return on equity of 22.52% and a net margin of 10.08%.The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $923.50 million. During the same quarter in the prior year, the company earned $0.87 EPS. The business’s revenue was down 28.6% compared to the same quarter last year. As a group, analysts expect that Carlyle Group Inc. will post 3.69 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were given a dividend of $0.35 per share. 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 (DPR) is currently 145.83%.

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.