New Age Alpha Advisors LLC Makes New $1.94 Million Investment in Carlyle Group Inc. $CG

New Age Alpha Advisors LLC bought a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,731 shares of the financial services provider’s stock, valued at approximately $1,935,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CG. WFA of San Diego LLC acquired a new position in Carlyle Group during the second quarter worth about $26,000. Geneos Wealth Management Inc. grew its position in Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after buying an additional 574 shares during the period. Bernard Wealth Management Corp. acquired a new position in Carlyle Group during the fourth quarter worth about $30,000. Quarry LP acquired a new position in Carlyle Group during the third quarter worth about $33,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Carlyle Group during the third quarter worth about $41,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Carlyle Group

In related news, Director David M. Rubenstein sold 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the sale, the director owned 27,399,644 shares in the company, valued at approximately $1,279,015,381.92. This trade represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 26.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CG shares. Morgan Stanley lowered their price target on shares of Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Weiss Ratings lowered shares of Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Cfra lowered shares of Carlyle Group to a “sell” rating and set a $45.00 price target on the stock. in a research report on Friday, May 8th. Barclays lowered their price target on shares of Carlyle Group from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $62.00.

Carlyle Group Stock Up 0.5%

Shares of NASDAQ CG opened at $45.65 on Wednesday. Carlyle Group Inc. has a 1 year low of $43.98 and a 1 year high of $69.85. The firm’s 50 day moving average price is $48.29 and its 200 day moving average price is $53.77. The firm has a market cap of $16.43 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 1.55 and a beta of 1.89. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.55 and a current ratio of 2.55.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The firm had revenue of $750.90 million for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business posted $1.14 EPS. The firm’s revenue was down 28.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carlyle Group Inc. will post 4.05 earnings per share for the current year.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Monday, May 18th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a yield of 3.1%. Carlyle Group’s dividend payout ratio (DPR) is 95.89%.

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.