Carlyle Group Inc. $CG Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in Carlyle Group Inc. (NASDAQ:CG) by 56.1% in the first quarter, Holdings Channel.com reports. The firm owned 182,418 shares of the financial services provider’s stock after purchasing an additional 65,544 shares during the period. Fifth Third Bancorp’s holdings in Carlyle Group were worth $8,827,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. DMC Group LLC grew its holdings in Carlyle Group by 2.5% in the fourth quarter. DMC Group LLC now owns 6,762 shares of the financial services provider’s stock valued at $400,000 after purchasing an additional 168 shares during the period. Allworth Financial LP increased its holdings in shares of Carlyle Group by 32.3% during the 4th quarter. Allworth Financial LP now owns 721 shares of the financial services provider’s stock worth $43,000 after buying an additional 176 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in Carlyle Group by 1.2% in the fourth quarter. Kestra Advisory Services LLC now owns 15,637 shares of the financial services provider’s stock valued at $924,000 after acquiring an additional 184 shares during the last quarter. Larson Financial Group LLC grew its position in Carlyle Group by 6.0% during the third quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 196 shares during the period. Finally, Robertson Stephens Wealth Management LLC increased its stake in Carlyle Group by 3.1% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 6,595 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 199 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CG. The Goldman Sachs Group cut their price target on shares of Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Cfra lowered shares of Carlyle Group to a “sell” rating and set a $45.00 price objective for the company. in a research report on Friday, May 8th. Royal Bank Of Canada reduced their target price on shares of Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating on the stock in a report on Monday. JPMorgan Chase & Co. lowered their price target on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Finally, Morgan Stanley cut their price objective on 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. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Carlyle Group has an average rating of “Hold” and an average price target of $60.71.

Carlyle Group Trading Up 1.4%

NASDAQ CG opened at $46.11 on Thursday. The company has a market capitalization of $16.60 billion, a price-to-earnings ratio of 31.58, a price-to-earnings-growth ratio of 1.52 and a beta of 1.84. 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 12 month low of $39.60 and a 12 month high of $69.85. The company’s fifty day moving average price is $45.00 and its two-hundred day moving average price is $50.82.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The firm 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 quarter last year, the firm posted $1.14 earnings per share. As a group, research analysts predict that Carlyle Group Inc. will post 3.9 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, May 18th. Carlyle Group’s payout ratio 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.