Baltimore Washington Financial Advisors Inc. Purchases Shares of 3,949 Carlyle Group Inc. $CG

Baltimore Washington Financial Advisors Inc. acquired a new position in Carlyle Group Inc. (NASDAQ:CG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,949 shares of the financial services provider’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in shares of Carlyle Group by 1.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,039,702 shares of the financial services provider’s stock worth $53,437,000 after acquiring an additional 13,471 shares during the last quarter. Elo Mutual Pension Insurance Co lifted its position in Carlyle Group by 7.0% during the second quarter. Elo Mutual Pension Insurance Co now owns 26,879 shares of the financial services provider’s stock valued at $1,382,000 after purchasing an additional 1,750 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Carlyle Group during the second quarter valued at about $346,000. Eisler Capital Management Ltd. bought a new position in shares of Carlyle Group in the second quarter worth about $19,913,000. Finally, Prudential Financial Inc. grew its stake in shares of Carlyle Group by 257.3% during the 2nd quarter. Prudential Financial Inc. now owns 69,561 shares of the financial services provider’s stock valued at $3,521,000 after acquiring an additional 50,095 shares during the period. 55.88% of the stock is owned by hedge funds and other institutional investors.

Carlyle Group Stock Performance

Shares of NASDAQ CG opened at $53.50 on Friday. The firm’s fifty day moving average is $57.44 and its two-hundred day moving average is $56.59. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $69.85. The company has a market cap of $19.28 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.22 and a beta of 2.01. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24.

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

Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was 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 is presently 78.21%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Morgan Stanley raised their target price on shares of Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 21st. Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, October 8th. Citigroup dropped their target price on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Evercore ISI decreased their price target on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $66.00.

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.