Bank of New York Mellon Corp Has $99.09 Million Stock Position in Carlyle Group Inc. $CG

Bank of New York Mellon Corp raised its stake in Carlyle Group Inc. (NASDAQ:CG) by 1.1% during the 1st quarter, Holdings Channel reports. The fund owned 2,047,650 shares of the financial services provider’s stock after acquiring an additional 23,065 shares during the period. Bank of New York Mellon Corp’s holdings in Carlyle Group were worth $99,086,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new stake in shares of Carlyle Group during the fourth quarter worth $30,000. WFA of San Diego LLC acquired a new stake in Carlyle Group in the 2nd quarter worth about $26,000. Quarry LP bought a new stake in Carlyle Group in the 3rd quarter valued at about $33,000. Brown Brothers Harriman & Co. acquired a new position in shares of Carlyle Group during the 3rd quarter worth approximately $41,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Carlyle Group by 755.3% during 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. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Trading Down 2.9%

Shares of CG stock opened at $44.74 on Tuesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.55 and a current ratio of 2.55. Carlyle Group Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $69.85. The company has a market cap of $16.11 billion, a PE ratio of 30.64, a P/E/G ratio of 1.54 and a beta of 1.84. The stock’s fifty day moving average price is $44.77 and its two-hundred day moving average price is $50.51.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.The business had revenue of $750.90 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company earned $1.14 earnings per share. Carlyle Group’s quarterly revenue was down 28.0% compared to the same quarter last year. Equities analysts predict that Carlyle Group Inc. will post 3.9 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, May 18th. Carlyle Group’s dividend payout ratio (DPR) is presently 95.89%.

Wall Street Analysts Forecast Growth

CG has been the subject of several recent research reports. Royal Bank Of Canada cut their price target on Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating for the company in a research note on Monday, July 13th. Weiss Ratings raised Carlyle Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 6th. BMO Capital Markets reissued an “outperform” rating and set a $52.00 target price on shares of Carlyle Group in a report on Monday, July 13th. Barclays decreased their price target on Carlyle Group from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Finally, Cfra cut shares of Carlyle Group to a “sell” rating and set a $45.00 price objective for the company. in a research report on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.71.

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.