Principal Financial Group Inc. Boosts Stock Holdings in Carlyle Group Inc. $CG

Principal Financial Group Inc. lifted its holdings in Carlyle Group Inc. (NASDAQ:CG) by 3.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 579,076 shares of the financial services provider’s stock after purchasing an additional 21,027 shares during the period. Principal Financial Group Inc. owned about 0.16% of Carlyle Group worth $28,021,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Carlyle Group by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after buying an additional 934,237 shares during the period. Morgan Stanley raised its position in shares of Carlyle Group by 0.8% in the 4th quarter. Morgan Stanley now owns 10,189,948 shares of the financial services provider’s stock worth $602,328,000 after acquiring an additional 84,228 shares in the last quarter. State Street Corp lifted its stake in shares of Carlyle Group by 20.9% during the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after purchasing an additional 1,720,483 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Carlyle Group by 1.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock valued at $457,233,000 after purchasing an additional 117,223 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Carlyle Group by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 4,999,880 shares of the financial services provider’s stock valued at $294,817,000 after buying an additional 79,134 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of analyst reports. Cfra downgraded shares of Carlyle Group to a “sell” rating and set a $45.00 price objective on the stock. in a research report on Friday, May 8th. Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. cut their price target on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Citizens Jmp decreased their price objective on Carlyle Group from $75.00 to $70.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $52.00 price objective on shares of Carlyle Group in a research report on Monday, July 13th. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $60.71.

Carlyle Group Stock Performance

Shares of CG stock opened at $46.07 on Monday. The business has a fifty day moving average of $44.86 and a 200 day moving average of $50.62. Carlyle Group Inc. has a 1 year low of $39.60 and a 1 year high of $69.85. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. The firm has a market capitalization of $16.58 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 1.54 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results 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 net margin of 13.46% and a return on equity of 20.95%. The firm had revenue of $750.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the firm posted $1.14 EPS. The firm’s revenue for the quarter was down 28.0% compared to the same quarter last year. As a group, research analysts expect that Carlyle Group Inc. will post 3.9 earnings per share for the current year.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, May 18th. Carlyle Group’s dividend payout ratio is 95.89%.

Carlyle Group Company 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.