Eurizon Capital SGR S.p.A. Takes $905,000 Position in Carlyle Group Inc. $CG

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,262 shares of the financial services provider’s stock, valued at approximately $905,000.

Other institutional investors and hedge funds have also modified their holdings of the company. WFA of San Diego LLC bought a new stake in shares of Carlyle Group during the second quarter valued at approximately $26,000. Bernard Wealth Management Corp. bought a new stake in shares of Carlyle Group during the fourth quarter valued at approximately $30,000. Quarry LP acquired a new stake in Carlyle Group in the 3rd quarter valued at $33,000. Brown Brothers Harriman & Co. acquired a new stake in Carlyle Group in the 3rd quarter valued at $41,000. Finally, Geneos Wealth Management Inc. boosted its stake in Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after buying an additional 574 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

Carlyle Group Price Performance

Carlyle Group stock opened at $42.29 on Thursday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.55 and a current ratio of 2.55. The firm has a market cap of $15.22 billion, a P/E ratio of 28.96, a P/E/G ratio of 1.52 and a beta of 1.84. The business’s fifty day moving average is $47.96 and its two-hundred day moving average is $53.41. Carlyle Group Inc. has a 52 week low of $41.54 and a 52 week high of $69.85.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data 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 business had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.Carlyle Group’s revenue for the quarter was down 28.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS. Equities research analysts forecast that Carlyle Group Inc. will post 4.05 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

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

Insider Buying and Selling

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $46.68, for a total value of $23,340,000.00. Following the transaction, the director owned 27,399,644 shares of the company’s stock, valued at approximately $1,279,015,381.92. The trade was a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 25.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CG. Cfra lowered Carlyle Group to a “sell” rating and set a $45.00 price target on the stock. in a research note on Friday, May 8th. JPMorgan Chase & Co. decreased their price target on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Morgan Stanley decreased their price target on Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Wall Street Zen lowered Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, UBS Group decreased their price target on Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Carlyle Group presently has an average rating of “Hold” and an average target price of $62.00.

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.