The Manufacturers Life Insurance Company Takes $19.01 Million Position in Carlyle Group Inc. $CG

The Manufacturers Life Insurance Company acquired a new stake in shares of Carlyle Group Inc. (NASDAQ:CG) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 451,520 shares of the financial services provider’s stock, valued at approximately $19,014,000. The Manufacturers Life Insurance Company owned approximately 0.13% of Carlyle Group as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group in the 2nd quarter worth approximately $26,000. Quarry LP acquired a new position in shares of Carlyle Group during the third quarter valued at approximately $33,000. Main Street Group LTD acquired a new stake in Carlyle Group in the first quarter worth approximately $27,000. Brown Brothers Harriman & Co. bought a new position in Carlyle Group during the 3rd quarter valued at $41,000. Finally, Geneos Wealth Management Inc. increased its position 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 valued at $28,000 after purchasing an additional 574 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Up 0.5%

Shares of Carlyle Group stock opened at $49.24 on Friday. 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 Inc. has a 12-month low of $39.60 and a 12-month high of $69.85. The firm has a market capitalization of $17.55 billion, a PE ratio of 51.29, a price-to-earnings-growth ratio of 1.50 and a beta of 1.83. The stock’s fifty day moving average is $45.98 and its 200-day moving average is $47.71.

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

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, August 17th. Carlyle Group’s dividend payout ratio (DPR) is 145.83%.

Analyst Ratings Changes

CG has been the subject of several research analyst reports. Cfra lowered Carlyle Group to a “sell” rating and set a $45.00 price objective for the company. in a report on Friday, May 8th. UBS Group boosted their price target on shares of Carlyle Group from $63.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Royal Bank Of Canada reduced their price objective on shares of Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating for the company in a research report on Monday, July 13th. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Carlyle Group from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.31.

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.