Y Intercept Hong Kong Ltd Buys Shares of 83,153 Carlyle Group Inc. $CG

Y Intercept Hong Kong Ltd acquired a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 83,153 shares of the financial services provider’s stock, valued at approximately $4,024,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Carlyle Group in the 4th quarter worth approximately $288,257,000. State Street Corp increased its holdings in shares of Carlyle Group by 20.9% in the third quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after purchasing an additional 1,720,483 shares during the period. Balyasny Asset Management L.P. bought a new stake in Carlyle Group during the third quarter valued at $75,612,000. Vanguard Group Inc. grew its position in Carlyle Group by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after buying an additional 934,237 shares in the last quarter. Finally, Algebris UK Ltd. bought a new position in Carlyle Group in the 4th quarter worth about $50,459,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CG. JPMorgan Chase & Co. decreased their price objective on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Royal Bank Of Canada lowered shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price target on the stock. in a report on Monday, May 11th. Morgan Stanley cut their target price on shares of Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Evercore set a $56.00 price target on Carlyle Group in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group cut their price objective on Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.00.

Carlyle Group Price Performance

Shares of Carlyle Group stock opened at $42.83 on Monday. 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 Inc. has a 52-week low of $39.60 and a 52-week high of $69.85. The company has a fifty day moving average of $45.75 and a 200-day moving average of $51.69. The stock has a market capitalization of $15.42 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 1.49 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last posted 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). Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The business had revenue of $750.90 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $1.14 earnings per share. The business’s revenue for the quarter was down 28.0% on a year-over-year basis. Equities research analysts expect that Carlyle Group Inc. will post 3.98 EPS for the current 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 issued a dividend of $0.35 per share. The ex-dividend date was Monday, May 18th. This represents a $1.40 annualized dividend and a yield of 3.3%. Carlyle Group’s dividend payout ratio is currently 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.