Northwestern Mutual Wealth Management Co. Acquires New Position in Carlyle Group Inc. $CG

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Carlyle Group Inc. (NASDAQ:CG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 131,163 shares of the financial services provider’s stock, valued at approximately $5,523,000.

A number of other large investors have also recently added to or reduced their stakes in CG. AQR Capital Management LLC increased its position in shares of Carlyle Group by 937.5% during the first quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock valued at $2,499,000 after acquiring an additional 51,809 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Carlyle Group by 40.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock worth $49,909,000 after purchasing an additional 332,533 shares during the period. Empowered Funds LLC increased its holdings in Carlyle Group by 3.4% in the 1st quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock valued at $2,103,000 after purchasing an additional 1,579 shares during the last quarter. Focus Partners Wealth raised its position in Carlyle Group by 27.4% in the first quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 1,169 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake 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 purchasing an additional 574 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Price Performance

CG stock opened at $49.37 on Monday. The business has a 50 day moving average price of $45.72 and a 200 day moving average price of $47.96. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. The stock has a market cap of $17.59 billion, a price-to-earnings ratio of 51.43, a PEG ratio of 1.51 and a beta of 1.82. Carlyle Group Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $69.85.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.16. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The business’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 earnings per share. Equities research analysts anticipate that Carlyle Group Inc. will post 3.69 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 17th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. Carlyle Group’s dividend payout ratio (DPR) is currently 145.83%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CG shares. Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded shares of Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. 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. Citigroup restated an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 6th. Finally, Morgan Stanley set a $57.00 target price on shares of Carlyle Group in a report on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.31.

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.