Quantbot Technologies LP Makes New $1.47 Million Investment in Carlyle Group Inc. $CG

Quantbot Technologies LP purchased a new stake in shares of Carlyle Group Inc. (NASDAQ:CG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 34,974 shares of the financial services provider’s stock, valued at approximately $1,473,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WFA of San Diego LLC bought a new stake in shares of Carlyle Group in the 2nd quarter valued at about $26,000. Main Street Group LTD purchased a new position in Carlyle Group during the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. raised its stake in Carlyle Group by 755.3% in the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after buying an additional 574 shares in the last quarter. Quarry LP purchased a new stake in Carlyle Group during the third quarter worth $33,000. Finally, Allworth Financial LP purchased a new position in shares of Carlyle Group in the 2nd quarter valued at $35,000. 55.88% of the stock is currently owned by institutional investors.

Carlyle Group Trading Down 0.4%

Carlyle Group stock opened at $48.92 on Wednesday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a market cap of $17.43 billion, a PE ratio of 50.96, a price-to-earnings-growth ratio of 1.50 and a beta of 1.83. The stock has a 50-day moving average of $45.82 and a two-hundred day moving average of $47.83. Carlyle Group Inc. has a one year low of $39.60 and a one year high of $69.85.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.16. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The company’s revenue for the quarter was down 28.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.87 earnings per share. On average, research analysts anticipate that Carlyle Group Inc. will post 3.69 EPS 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. Shareholders of record on Monday, August 17th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. Carlyle Group’s dividend payout ratio (DPR) is currently 145.83%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CG. Keefe, Bruyette & Woods upped their price objective on Carlyle Group from $47.00 to $50.00 and gave the stock a “market perform” rating in a research note on Thursday, August 6th. Barclays boosted their target price on shares of Carlyle Group from $57.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. TD Cowen restated a “hold” rating on shares of Carlyle Group in a report on Thursday, August 6th. Citizens Jmp boosted their price objective on shares of Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 6th. Finally, Evercore set a $51.00 target price on shares of Carlyle Group in a research note on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Carlyle Group currently has an average rating of “Hold” and an average target price of $59.31.

Carlyle Group Company 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.