Carlyle Group Inc. $CG Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its position in Carlyle Group Inc. (NASDAQ:CG) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,719,581 shares of the financial services provider’s stock after purchasing an additional 426,644 shares during the period. Vanguard Group Inc. owned approximately 6.84% of Carlyle Group worth $1,270,586,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in Carlyle Group by 18.2% in the second quarter. Farther Finance Advisors LLC now owns 1,150 shares of the financial services provider’s stock valued at $59,000 after buying an additional 177 shares during the last quarter. Wedmont Private Capital boosted its holdings in shares of Carlyle Group by 3.5% in the 2nd quarter. Wedmont Private Capital now owns 5,831 shares of the financial services provider’s stock valued at $332,000 after acquiring an additional 196 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Carlyle Group by 1.8% in the second quarter. Verdence Capital Advisors LLC now owns 11,673 shares of the financial services provider’s stock worth $600,000 after acquiring an additional 212 shares during the period. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Carlyle Group by 3.5% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 215 shares during the last quarter. Finally, Bfsg LLC boosted its holdings in Carlyle Group by 3.0% in the second quarter. Bfsg LLC now owns 7,345 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 215 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Price Performance

Carlyle Group stock opened at $51.72 on Friday. The stock has a market capitalization of $18.64 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.22 and a beta of 2.01. The company’s fifty day moving average price is $58.62 and its 200 day moving average price is $56.37. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $848.51 million. Carlyle Group had a net margin of 20.22% and a return on equity of 23.60%. During the same period last year, the firm posted $0.95 earnings per share. As a group, equities research analysts anticipate 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. Shareholders of record on Monday, November 10th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.7%. Carlyle Group’s dividend payout ratio is presently 78.21%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CG. BMO Capital Markets assumed coverage on Carlyle Group in a research note on Friday, October 3rd. They set an “outperform” rating and a $74.00 price objective for the company. Barclays reiterated an “overweight” rating and set a $74.00 price target (up from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Morgan Stanley raised their price target on shares of Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $66.00.

Carlyle Group Company 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.