Hsbc Holdings PLC Makes New $11.91 Million Investment in Carlyle Group Inc. $CG

Hsbc Holdings PLC acquired a new stake in shares of Carlyle Group Inc. (NASDAQ:CG) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 283,206 shares of the financial services provider’s stock, valued at approximately $11,914,000. Hsbc Holdings PLC owned about 0.08% of Carlyle Group at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Legal & General Group Plc acquired a new position in Carlyle Group during the second quarter worth approximately $162,984,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Carlyle Group during the 2nd quarter valued at $19,014,000. Visionary Wealth Advisors acquired a new stake in shares of Carlyle Group during the 2nd quarter worth $245,000. Cibc World Market Inc. purchased a new position in shares of Carlyle Group in the 2nd quarter worth $472,000. Finally, Osmosis Investment Management UK Ltd purchased a new stake in Carlyle Group during the second quarter valued at about $242,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Group Price Performance

Shares of CG stock opened at $49.09 on Friday. Carlyle Group Inc. has a twelve month low of $39.60 and a twelve month high of $69.85. The company has a market capitalization of $17.49 billion, a PE ratio of 51.14, a price-to-earnings-growth ratio of 1.51 and a beta of 1.83. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91. The firm has a fifty day simple moving average of $46.06 and a 200-day simple moving average of $47.72.

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

Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, August 17th. Carlyle Group’s dividend payout ratio (DPR) is 145.83%.

Analyst Ratings Changes

Several research firms have recently weighed in on CG. Citigroup reaffirmed an “outperform” rating on shares of Carlyle Group in a research note on Thursday, August 6th. UBS Group lifted their price target on shares of Carlyle Group from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Cfra lowered shares of Carlyle Group to a “sell” rating and set a $45.00 price objective for the company. in a research report on Friday, May 8th. Morgan Stanley set a $57.00 target price on shares of Carlyle Group in a report on Tuesday, July 21st. Finally, Weiss Ratings upgraded Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Carlyle Group has a consensus rating of “Hold” and an average price target of $59.31.

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.