Caz Investments LP Invests $4.46 Million in Carlyle Group Inc. $CG

Caz Investments LP acquired a new stake in Carlyle Group Inc. (NASDAQ:CG) in the second quarter, HoldingsChannel.com reports. The fund acquired 106,000 shares of the financial services provider’s stock, valued at approximately $4,464,000. Carlyle Group accounts for 0.9% of Caz Investments LP’s portfolio, making the stock its 16th biggest position.

A number of other large investors have also modified their holdings of CG. Allworth Financial LP boosted its stake in shares of Carlyle Group by 32.3% in the fourth quarter. Allworth Financial LP now owns 721 shares of the financial services provider’s stock valued at $43,000 after buying an additional 176 shares in the last quarter. Kestra Advisory Services LLC raised its position in Carlyle Group by 1.2% in the fourth quarter. Kestra Advisory Services LLC now owns 15,637 shares of the financial services provider’s stock worth $924,000 after acquiring an additional 184 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Carlyle Group by 6.0% in the third quarter. Larson Financial Group LLC now owns 3,483 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 196 shares during the period. Commerce Bank grew its stake in shares of Carlyle Group by 4.3% during the 4th quarter. Commerce Bank now owns 5,161 shares of the financial services provider’s stock worth $305,000 after purchasing an additional 212 shares during the period. Finally, GW Henssler & Associates Ltd. increased its holdings in shares of Carlyle Group by 6.3% in the 4th quarter. GW Henssler & Associates Ltd. now owns 3,673 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 217 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Stock Performance

NASDAQ:CG opened at $46.97 on Monday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $16.74 billion, a P/E ratio of 48.93, a price-to-earnings-growth ratio of 1.44 and a beta of 1.84. The firm has a 50-day moving average price of $46.56 and a two-hundred day moving average price of $47.38. Carlyle Group Inc. has a twelve month low of $39.60 and a twelve month high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $0.87 earnings per share. The company’s quarterly revenue was down 28.6% on a year-over-year basis. As a group, research analysts expect that Carlyle Group Inc. will post 3.69 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, August 17th. Carlyle Group’s dividend payout ratio is 145.83%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Barclays boosted their price objective on shares of Carlyle Group from $57.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a research report on Thursday, August 6th. Keefe, Bruyette & Woods upped their price target on Carlyle Group from $47.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Royal Bank Of Canada dropped their price objective 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. Finally, TD Cowen reiterated a “hold” rating on shares of Carlyle Group in a research report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Carlyle Group currently has a consensus rating of “Hold” and a consensus target price 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.