Carlyle Group Inc. $CG Shares Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. increased its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 7.8% in the second quarter, HoldingsChannel reports. The firm owned 72,682 shares of the financial services provider’s stock after acquiring an additional 5,253 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Carlyle Group were worth $3,734,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its stake in 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 acquiring an additional 574 shares during the period. National Pension Service raised its holdings in shares of Carlyle Group by 74.8% during the first quarter. National Pension Service now owns 869 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 372 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Carlyle Group in the second quarter valued at $38,000. Brooklyn Investment Group grew its position in Carlyle Group by 28.6% during the 1st quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 236 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Carlyle Group during the 2nd quarter valued at about $46,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Stock Up 0.1%

CG opened at $52.50 on Tuesday. The company has a market cap of $18.99 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.22 and a beta of 2.01. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The company has a 50-day moving average price of $60.83 and a 200 day moving average price of $55.66. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, hitting the consensus estimate of $0.98. The company had revenue of $782.50 million during the quarter, compared to analyst estimates of $848.51 million. Carlyle Group had a return on equity of 23.60% and a net margin of 20.22%. Sell-side analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 19th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, November 10th. Carlyle Group’s payout ratio is 78.21%.

Analyst Ratings Changes

A number of analysts have recently commented on CG shares. BMO Capital Markets initiated coverage on Carlyle Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $74.00 target price on the stock. JMP Securities raised their price objective on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. decreased their target price on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Keefe, Bruyette & Woods dropped their price target on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating on the stock in a research report on Monday, November 3rd. Finally, Citigroup decreased their price objective on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $66.00.

Carlyle Group Company Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.