Cornerstone Select Advisors LLC Invests $227,000 in Carlyle Group Inc. $CG

Cornerstone Select Advisors LLC bought a new stake in Carlyle Group Inc. (NASDAQ:CG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,415 shares of the financial services provider’s stock, valued at approximately $227,000.

A number of other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of Carlyle Group by 150.3% in the 2nd quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 299 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Carlyle Group by 755.3% in the first 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. Ameritas Advisory Services LLC acquired a new stake in shares of Carlyle Group during the 2nd quarter valued at $38,000. National Pension Service boosted its stake in shares of Carlyle Group by 74.8% during the 1st quarter. National Pension Service now owns 869 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 372 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in shares of Carlyle Group during the second quarter worth $46,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Carlyle Group Stock Performance

NASDAQ:CG opened at $51.72 on Friday. The firm has a 50 day moving average of $58.62 and a 200-day moving average of $56.37. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85. The stock has a market capitalization of $18.64 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 1.22 and a beta of 2.01.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, hitting analysts’ consensus estimates of $0.98. Carlyle Group had a return on equity of 23.60% and a net margin of 20.22%.The company had revenue of $782.50 million for the quarter, compared to analyst estimates of $848.51 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. As a group, sell-side analysts anticipate that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th were paid a $0.35 dividend. 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 payout ratio is currently 78.21%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Evercore ISI reduced their price target on shares of Carlyle Group from $64.00 to $57.00 and set an “in-line” rating for the company in a research report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, October 8th. TD Cowen dropped 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. Citigroup decreased their price objective on Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Finally, JMP Securities upped their target price on Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a report on Thursday, August 14th. 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 stock. Based on data from MarketBeat.com, the company 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.