Cibc World Market Inc. Invests $472,000 in Carlyle Group Inc. $CG

Cibc World Market Inc. bought a new stake in Carlyle Group Inc. (NASDAQ:CG) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 11,212 shares of the financial services provider’s stock, valued at approximately $472,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 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 worth $2,499,000 after purchasing an additional 51,809 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Carlyle Group by 40.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock valued at $49,909,000 after purchasing an additional 332,533 shares during the period. Empowered Funds LLC increased its position in Carlyle Group by 3.4% during the first quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock worth $2,103,000 after buying an additional 1,579 shares during the period. Focus Partners Wealth lifted its stake 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 buying an additional 1,169 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted 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 acquiring an additional 574 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CG has been the subject of several research reports. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a research report on Thursday, August 6th. JPMorgan Chase & Co. dropped 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 note on Friday, May 8th. TD Cowen reaffirmed a “hold” rating on shares of Carlyle Group in a report on Thursday, August 6th. Evercore set a $51.00 price target on Carlyle Group in a report on Thursday, August 6th. Finally, Citizens Jmp upped their price objective on Carlyle Group from $70.00 to $73.00 and gave the company a “market outperform” rating in a research note on Thursday, August 6th. Seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $59.31.

Carlyle Group Stock Down 0.3%

Shares of Carlyle Group stock opened at $49.09 on Friday. Carlyle Group Inc. has a one year low of $39.60 and a one year high of $69.85. The company has a market cap of $17.49 billion, a P/E ratio of 51.14, a PEG ratio of 1.51 and a beta of 1.83. 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 firm has a fifty day moving average of $46.06 and a two-hundred day moving average of $47.72.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.16. The business 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 business’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 earnings per share. On average, analysts forecast that Carlyle Group Inc. will post 3.69 earnings per share for the current year.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, August 17th. Carlyle Group’s dividend payout ratio is 145.83%.

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.