Sanctuary Advisors LLC Invests $1.56 Million in Carlyle Group Inc. $CG

Sanctuary Advisors LLC purchased a new stake in Carlyle Group Inc. (NASDAQ:CG) in the 2nd quarter, HoldingsChannel reports. The firm purchased 37,073 shares of the financial services provider’s stock, valued at approximately $1,561,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CG. WFA of San Diego LLC acquired a new position in shares of Carlyle Group during the 2nd quarter worth $26,000. Quarry LP acquired a new stake in shares of Carlyle Group in the 3rd quarter valued at $33,000. Main Street Group LTD bought a new stake in Carlyle Group in the first quarter worth $27,000. Brown Brothers Harriman & Co. acquired a new position in Carlyle Group during the third quarter worth $41,000. Finally, Geneos Wealth Management Inc. raised its holdings in Carlyle Group by 755.3% during 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. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Up 0.1%

CG opened at $48.99 on Thursday. The business has a 50 day moving average of $45.89 and a 200-day moving average of $47.78. The stock has a market capitalization of $17.46 billion, a price-to-earnings ratio of 51.03, a P/E/G ratio of 1.50 and a beta of 1.83. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91. Carlyle Group Inc. has a 1-year low of $39.60 and a 1-year high of $69.85.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. Carlyle Group’s revenue was down 28.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carlyle Group Inc. will post 3.69 earnings per share for the current year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. Carlyle Group’s dividend payout ratio is currently 145.83%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Evercore set a $51.00 price objective on Carlyle Group in a report on Thursday, August 6th. JPMorgan Chase & Co. decreased their target price on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Citizens Jmp lifted their price target on shares of Carlyle Group from $70.00 to $73.00 and gave the company a “market outperform” rating in a research report on Thursday, August 6th. BMO Capital Markets reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Carlyle Group in a report on Monday, July 13th. Finally, Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $59.31.

About Carlyle Group

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.