Hoertkorn Richard Charles Decreases Stock Holdings in Carlyle Group Inc. $CG

Hoertkorn Richard Charles cut its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 82.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,500 shares of the financial services provider’s stock after selling 16,100 shares during the period. Hoertkorn Richard Charles’ holdings in Carlyle Group were worth $169,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. WFA of San Diego LLC purchased a new position in Carlyle Group in the 2nd quarter valued at about $26,000. Geneos Wealth Management Inc. increased its holdings in shares of Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 574 shares during the last quarter. Bernard Wealth Management Corp. purchased a new position in Carlyle Group during the fourth quarter worth about $30,000. Quarry LP acquired a new position in shares of Carlyle Group in the 3rd quarter valued at $33,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Carlyle Group in the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Down 2.1%

CG stock opened at $43.07 on Thursday. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. The company’s 50 day simple moving average is $45.47 and its 200-day simple moving average is $51.39. Carlyle Group Inc. has a 12 month low of $39.60 and a 12 month high of $69.85. The firm has a market capitalization of $15.50 billion, a PE ratio of 29.50, a P/E/G ratio of 1.53 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The firm had revenue of $750.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The business’s quarterly revenue was down 28.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 earnings per share. Equities analysts expect that Carlyle Group Inc. will post 3.98 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, May 18th. Carlyle Group’s dividend payout ratio (DPR) is 95.89%.

Analysts Set New Price Targets

A number of research firms have issued reports on CG. Barclays reduced their price target on Carlyle Group from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Cfra cut shares of Carlyle Group to a “sell” rating and set a $45.00 target price for the company. in a report on Friday, May 8th. Wall Street Zen cut shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Evercore set a $56.00 target price on Carlyle Group in a research report on Tuesday, April 21st. Finally, BMO Capital Markets decreased their target price on Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Carlyle Group currently has a consensus rating of “Hold” and a consensus target price of $62.00.

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.