Hsbc Holdings PLC Makes New Investment in Carlyle Group Inc. $CG

Hsbc Holdings PLC bought a new stake in Carlyle Group Inc. (NASDAQ:CG) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 283,206 shares of the financial services provider’s stock, valued at approximately $11,914,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CG. WFA of San Diego LLC acquired a new stake in Carlyle Group during the second quarter valued at approximately $26,000. Main Street Group LTD acquired a new stake in shares of Carlyle Group during the 1st quarter valued at approximately $27,000. Geneos Wealth Management Inc. boosted its holdings 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 purchasing an additional 574 shares during the period. Quarry LP bought a new stake in Carlyle Group during the third quarter valued at $33,000. Finally, Allworth Financial LP acquired a new stake in shares of Carlyle Group during the second quarter worth $35,000. 55.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CG has been the subject of several research reports. Wall Street Zen raised shares of Carlyle Group from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. decreased their target price on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Citigroup reissued an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 6th. UBS Group boosted their price objective on Carlyle Group from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada dropped their target price on Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. Seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $59.31.

Carlyle Group Stock Performance

NASDAQ:CG opened at $49.09 on Friday. The company has a 50-day moving average of $46.06 and a 200-day moving average of $47.72. The firm has a market cap of $17.49 billion, a price-to-earnings ratio of 51.14, a price-to-earnings-growth ratio of 1.51 and a beta of 1.83. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91. Carlyle Group Inc. has a twelve month low of $39.60 and a twelve month high of $69.85.

Carlyle Group (NASDAQ:CG) last released its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was down 28.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.87 EPS. Analysts forecast that Carlyle Group Inc. will post 3.69 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th were given 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 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.