The Carlyle Group Inc. (NASDAQ:CG) – Investment analysts at Piper Sandler upped their FY2021 EPS estimates for The Carlyle Group in a research report issued to clients and investors on Monday, May 3rd. Piper Sandler analyst S. Mody now forecasts that the financial services provider will earn $2.30 per share for the year, up from their previous forecast of $2.29.
The Carlyle Group (NASDAQ:CG) last issued its earnings results on Thursday, April 29th. The financial services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.04. The Carlyle Group had a negative net margin of 5.38% and a positive return on equity of 25.90%. The business had revenue of $612.50 million for the quarter, compared to analyst estimates of $595.12 million. During the same period in the previous year, the business earned $0.48 EPS. The firm’s revenue was up 5.4% on a year-over-year basis.
Shares of The Carlyle Group stock opened at $43.38 on Tuesday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 2.37 and a current ratio of 2.37. The firm’s 50-day simple moving average is $38.60 and its 200-day simple moving average is $33.22. The Carlyle Group has a twelve month low of $21.36 and a twelve month high of $43.66. The firm has a market cap of $15.38 billion, a P/E ratio of -71.11 and a beta of 1.38.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 19th. Investors of record on Tuesday, May 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date is Monday, May 10th. The Carlyle Group’s dividend payout ratio (DPR) is 58.82%.
In other The Carlyle Group news, CEO Kewsong Lee sold 140,701 shares of the company’s stock in a transaction that occurred on Tuesday, February 9th. The shares were sold at an average price of $36.60, for a total value of $5,149,656.60. Following the completion of the sale, the chief executive officer now owns 2,959,597 shares of the company’s stock, valued at $108,321,250.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David M. Rubenstein sold 3,000,000 shares of the company’s stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $35.80, for a total transaction of $107,400,000.00. Following the completion of the sale, the director now directly owns 39,249,644 shares of the company’s stock, valued at approximately $1,405,137,255.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,226,363 shares of company stock valued at $115,703,069.
A number of large investors have recently modified their holdings of CG. Morgan Stanley boosted its holdings in shares of The Carlyle Group by 12.3% in the fourth quarter. Morgan Stanley now owns 11,196,610 shares of the financial services provider’s stock valued at $352,021,000 after buying an additional 1,222,009 shares during the period. Norges Bank acquired a new position in shares of The Carlyle Group in the fourth quarter valued at approximately $36,805,000. BlackRock Inc. boosted its holdings in shares of The Carlyle Group by 4.0% in the fourth quarter. BlackRock Inc. now owns 6,784,442 shares of the financial services provider’s stock valued at $213,302,000 after buying an additional 261,508 shares during the period. Hudson Bay Capital Management LP acquired a new position in shares of The Carlyle Group in the fourth quarter valued at approximately $6,917,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of The Carlyle Group by 45.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 679,191 shares of the financial services provider’s stock valued at $24,967,000 after buying an additional 211,620 shares during the period. 33.08% of the stock is owned by hedge funds and other institutional investors.
About The Carlyle Group
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.
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