BI Asset Management Fondsmaeglerselskab A S Has $2.42 Million Stock Holdings in Carlyle Group Inc. $CG

BI Asset Management Fondsmaeglerselskab A S raised its stake in Carlyle Group Inc. (NASDAQ:CG) by 47.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 49,995 shares of the financial services provider’s stock after buying an additional 16,184 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Carlyle Group were worth $2,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in shares of Carlyle Group by 937.5% during the 1st quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock worth $2,499,000 after buying an additional 51,809 shares during the period. Goldman Sachs Group Inc. lifted its position in Carlyle Group by 40.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock worth $49,909,000 after acquiring an additional 332,533 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of 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 acquiring an additional 1,579 shares during the period. Focus Partners Wealth grew its position in shares of 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 purchasing an additional 1,169 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Carlyle Group by 755.3% during the 1st 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 last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Down 3.7%

Shares of CG opened at $42.91 on Wednesday. The firm has a 50 day simple moving average of $47.29 and a two-hundred day simple moving average of $52.60. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. Carlyle Group Inc. has a one year low of $41.54 and a one year high of $69.85. The company has a market cap of $15.45 billion, a P/E ratio of 29.39, a P/E/G ratio of 1.52 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The business had revenue of $750.90 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business posted $1.14 EPS. The company’s revenue for the quarter was down 28.0% on a year-over-year basis. Research analysts forecast that Carlyle Group Inc. will post 4.05 EPS for the current fiscal year.

Carlyle Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CG. The Goldman Sachs Group decreased their price objective on Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. BMO Capital Markets dropped their target price on Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a report on Tuesday, March 24th. JPMorgan Chase & Co. decreased their price target 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. Royal Bank Of Canada cut shares of Carlyle Group from an “outperform” rating to a “sector perform” rating and set a $58.00 price objective for the company. in a research note on Monday, May 11th. Finally, TD Cowen cut their price objective on shares of Carlyle Group from $53.00 to $50.00 and set a “hold” rating for the company in a report on Monday, May 18th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Carlyle Group has a consensus rating of “Hold” and an average price target of $62.00.

Carlyle Group 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.