Sit Investment Associates Inc. Has $15.49 Million Stock Holdings in Carlyle Group Inc. $CG

Sit Investment Associates Inc. boosted its stake in Carlyle Group Inc. (NASDAQ:CG) by 36.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 262,040 shares of the financial services provider’s stock after acquiring an additional 69,624 shares during the quarter. Sit Investment Associates Inc.’s holdings in Carlyle Group were worth $15,489,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CG. Swiss Life Asset Management Ltd increased its position in Carlyle Group by 162.3% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 119,907 shares of the financial services provider’s stock valued at $7,518,000 after purchasing an additional 74,190 shares during the period. Vanguard Group Inc. boosted its stake in shares of Carlyle Group by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock valued at $1,594,712,000 after purchasing an additional 714,428 shares during the last quarter. Inceptionr LLC acquired a new stake in shares of Carlyle Group during the third quarter worth $1,440,000. Moore Capital Management LP bought a new position in Carlyle Group during the third quarter worth $42,014,000. Finally, CSM Advisors LLC lifted its holdings in Carlyle Group by 27.1% in the third quarter. CSM Advisors LLC now owns 339,003 shares of the financial services provider’s stock valued at $21,259,000 after buying an additional 72,278 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Trading Down 1.9%

NASDAQ:CG opened at $44.80 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. Carlyle Group Inc. has a one year low of $41.54 and a one year high of $69.85. The company has a market cap of $16.13 billion, a PE ratio of 30.68, a PEG ratio of 1.56 and a beta of 1.84. The firm has a 50-day moving average of $47.52 and a 200-day moving average of $52.82.

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

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. Carlyle Group’s payout ratio is presently 95.89%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley decreased their price target on Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Royal Bank Of Canada lowered Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 target price on the stock. in a research report on Monday, May 11th. JPMorgan Chase & Co. lowered their target price on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, May 8th. UBS Group cut their price target on Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, Cfra lowered shares of Carlyle Group to a “sell” rating and set a $45.00 price objective for the company. in a research note on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $62.00.

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.