Wesbanco Bank Inc. Has $1.52 Million Stock Position in Carlyle Group Inc. $CG

Wesbanco Bank Inc. cut its position in Carlyle Group Inc. (NASDAQ:CG) by 80.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,452 shares of the financial services provider’s stock after selling 126,566 shares during the quarter. Wesbanco Bank Inc.’s holdings in Carlyle Group were worth $1,522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds 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 second quarter valued at about $26,000. Geneos Wealth Management Inc. lifted 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 worth $28,000 after purchasing an additional 574 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in Carlyle Group in the 4th quarter valued at approximately $30,000. Quarry LP bought a new position in Carlyle Group in the 3rd quarter worth approximately $33,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of Carlyle Group during the third quarter worth approximately $41,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CG. Morgan Stanley lowered their price objective on shares of Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings lowered shares of Carlyle Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. BMO Capital Markets cut their price objective on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Finally, JPMorgan Chase & Co. lowered their price target on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.00.

Carlyle Group Stock Performance

Shares of NASDAQ:CG opened at $41.40 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. The business’s fifty day moving average price is $46.73 and its two-hundred day moving average price is $52.30. Carlyle Group Inc. has a fifty-two week low of $40.47 and a fifty-two week high of $69.85. The stock has a market capitalization of $14.90 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 1.41 and a beta of 1.84.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The company had revenue of $750.90 million for the quarter, compared to the consensus estimate of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The firm’s revenue was down 28.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.14 earnings per share. As a group, analysts predict that Carlyle Group Inc. will post 4.05 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, May 18th. Carlyle Group’s dividend payout ratio is currently 95.89%.

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.