Carlyle Group Inc. $CG Shares Acquired by Aviva PLC

Aviva PLC boosted its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 24.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,916 shares of the financial services provider’s stock after purchasing an additional 1,969 shares during the quarter. Aviva PLC’s holdings in Carlyle Group were worth $510,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its position in shares of Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 574 shares during the last quarter. National Pension Service grew its position in Carlyle Group by 74.8% in the 1st 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 bought a new stake in shares of Carlyle Group during the second quarter valued at approximately $38,000. Brooklyn Investment Group grew its holdings in Carlyle Group by 28.6% in the 1st quarter. Brooklyn Investment Group now owns 1,062 shares of the financial services provider’s stock worth $46,000 after buying an additional 236 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in Carlyle Group in the 2nd quarter valued at approximately $46,000. 55.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CG. TD Cowen decreased their price target on Carlyle Group from $78.00 to $77.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Morgan Stanley increased their target price on shares of Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. reduced their price target 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. Evercore ISI lowered their price objective on shares of Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a research note on Monday, November 3rd. Finally, BMO Capital Markets assumed coverage on Carlyle Group in a research note on Friday, October 3rd. They set an “outperform” rating and a $74.00 price target for the company. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $66.00.

Carlyle Group Stock Down 3.0%

CG stock opened at $53.41 on Friday. The firm has a market cap of $19.32 billion, a PE ratio of 15.62, a P/E/G ratio of 1.22 and a beta of 2.01. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85. The company has a debt-to-equity ratio of 1.52, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a 50 day simple moving average of $60.22 and a 200 day simple moving average of $55.74.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. The company had revenue of $782.50 million for the quarter, compared to analysts’ expectations of $848.51 million. Carlyle Group had a return on equity of 23.60% and a net margin of 20.22%.During the same quarter in the prior year, the company earned $0.95 earnings per share. Equities research analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 19th. Investors of record on Monday, November 10th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 2.6%. Carlyle Group’s dividend payout ratio (DPR) is currently 78.21%.

About 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.