Brown Advisory Inc. Reduces Stock Holdings in Carlyle Group Inc. $CG

Brown Advisory Inc. reduced its position in Carlyle Group Inc. (NASDAQ:CG) by 14.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 259,854 shares of the financial services provider’s stock after selling 43,951 shares during the quarter. Brown Advisory Inc.’s holdings in Carlyle Group were worth $13,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CG. Norges Bank bought a new stake in Carlyle Group in the 2nd quarter valued at about $150,122,000. Vanguard Group Inc. increased its stake in shares of Carlyle Group by 4.9% in the first quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock worth $1,058,929,000 after purchasing an additional 1,131,514 shares in the last quarter. Citigroup Inc. lifted its stake in shares of Carlyle Group by 484.4% during the 1st quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider’s stock valued at $27,176,000 after buying an additional 516,761 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Carlyle Group by 21.7% in the 1st quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider’s stock worth $118,684,000 after buying an additional 485,488 shares during the period. Finally, Nuveen LLC purchased a new position in Carlyle Group in the 1st quarter valued at approximately $20,793,000. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Up 1.4%

Shares of NASDAQ CG opened at $57.11 on Monday. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.78. The business has a 50-day moving average of $56.18 and a 200-day moving average of $57.11. The firm has a market capitalization of $20.58 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 1.43 and a beta of 2.06. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. The business had revenue of $782.50 million during the quarter, compared to analyst estimates of $848.51 million. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. During the same period in the previous year, the business posted $0.95 earnings per share. Sell-side analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, November 10th. Carlyle Group’s dividend payout ratio is currently 78.21%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CG shares. Jefferies Financial Group raised their price target on Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a report on Wednesday, August 13th. Citigroup cut their target price on Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. TD Cowen decreased their price target on Carlyle Group from $78.00 to $77.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. BMO Capital Markets started coverage on shares of Carlyle Group in a research report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price objective for the company. Finally, Evercore ISI decreased their target price on shares of Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a report on Monday, November 3rd. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Carlyle Group has a consensus rating of “Hold” and an average target price of $66.00.

Carlyle Group Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.