3,870,443 Shares in Carlyle Group Inc. $CG Purchased by Legal & General Group Plc

Legal & General Group Plc bought a new position in Carlyle Group Inc. (NASDAQ:CG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,870,443 shares of the financial services provider’s stock, valued at approximately $162,984,000.

Several other large investors have also made changes to their positions in CG. WFA of San Diego LLC bought a new stake in Carlyle Group in the second quarter worth $26,000. Main Street Group LTD bought a new stake in shares of Carlyle Group in the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. increased its holdings in shares of Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 574 shares during the period. Quarry LP bought a new position in Carlyle Group during the third quarter valued at about $33,000. Finally, Allworth Financial LP acquired a new position in shares of Carlyle Group in the second quarter valued at $35,000. Institutional investors own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group upped their price target on Carlyle Group from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Evercore set a $51.00 price objective on shares of Carlyle Group in a research report on Thursday, August 6th. Citizens Jmp raised their target price on shares of Carlyle Group from $70.00 to $73.00 and gave the company a “market outperform” rating in a research note 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 research note on Monday, July 13th. Finally, Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $59.31.

Carlyle Group Stock Performance

NASDAQ CG opened at $48.99 on Thursday. The company has a market capitalization of $17.46 billion, a P/E ratio of 51.03, a P/E/G ratio of 1.50 and a beta of 1.83. The firm has a 50-day moving average price of $45.89 and a two-hundred day moving average price of $47.78. Carlyle Group Inc. has a 12-month low of $39.60 and a 12-month high of $69.85. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91.

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

Carlyle Group Announces Dividend

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

Carlyle Group 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.