UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in Carlyle Group Inc. $CG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Carlyle Group Inc. (NASDAQ:CG) by 5.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,602,700 shares of the financial services provider’s stock after buying an additional 86,089 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Carlyle Group were worth $67,490,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Carlyle Group in the 2nd quarter valued at about $1,346,848,000. William Blair Investment Management LLC acquired a new stake in shares of Carlyle Group during the 2nd quarter worth $249,077,000. Norges Bank purchased a new position in Carlyle Group in the fourth quarter valued at approximately $288,257,000. Legal & General Group Plc purchased a new position in Carlyle Group in the second quarter valued at about $162,984,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Carlyle Group during the second quarter valued at approximately $84,540,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on CG. UBS Group lifted their price objective on Carlyle Group from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen upgraded Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Evercore set a $51.00 price target on Carlyle Group in a report on Thursday, August 6th. Citizens Jmp upped their price target on shares of 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, Royal Bank Of Canada cut their price target on shares of Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating for the company in a report on Monday, July 13th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $59.31.

Carlyle Group Trading Up 1.3%

Shares of NASDAQ:CG opened at $47.14 on Thursday. The firm has a market capitalization of $16.80 billion, a P/E ratio of 49.10, a price-to-earnings-growth ratio of 1.43 and a beta of 1.84. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. Carlyle Group Inc. has a 12-month low of $39.60 and a 12-month high of $69.85. The firm has a fifty day moving average of $46.33 and a two-hundred day moving average of $47.48.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $0.91 by $0.16. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The firm’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 EPS. On average, equities analysts expect that Carlyle Group Inc. will post 3.69 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

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

Carlyle Group Company 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.