CW Advisors LLC Takes $4.61 Million Position in Carlyle Group Inc. $CG

CW Advisors LLC purchased a new position in Carlyle Group Inc. (NASDAQ:CG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 89,608 shares of the financial services provider’s stock, valued at approximately $4,606,000.

Several other large investors have also recently added to or reduced their stakes in CG. Farther Finance Advisors LLC boosted its stake in shares of Carlyle Group by 18.2% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,150 shares of the financial services provider’s stock valued at $59,000 after buying an additional 177 shares during the period. Wedmont Private Capital boosted its position in Carlyle Group by 3.5% during the second quarter. Wedmont Private Capital now owns 5,831 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 196 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Carlyle Group by 1.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 11,673 shares of the financial services provider’s stock worth $600,000 after purchasing an additional 212 shares during the last quarter. B. Metzler seel. Sohn & Co. AG raised its stake in shares of Carlyle Group by 3.5% during the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 6,365 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 215 shares in the last quarter. Finally, Bfsg LLC grew its stake in shares of Carlyle Group by 3.0% in the 2nd quarter. Bfsg LLC now owns 7,345 shares of the financial services provider’s stock valued at $378,000 after buying an additional 215 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

CG has been the subject of a number of analyst reports. Citigroup decreased their target price on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Morgan Stanley increased 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 report on Tuesday, October 21st. JPMorgan Chase & Co. reduced their price target on Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. BMO Capital Markets assumed coverage on Carlyle Group in a report on Friday, October 3rd. They set an “outperform” rating and a $74.00 price objective on the stock. Finally, Jefferies Financial Group upped their target price on Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $66.00.

Carlyle Group Price Performance

Shares of NASDAQ:CG opened at $57.11 on Friday. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78. The business has a 50 day moving average price of $56.18 and a 200 day moving average price of $56.94. The company has a market cap of $20.58 billion, a price-to-earnings ratio of 31.91, a PEG ratio of 1.41 and a beta of 2.06. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 earnings per share for the quarter, meeting the consensus estimate of $0.98. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.The company had revenue of $782.50 million during the quarter, compared to analysts’ expectations of $848.51 million. During the same period in the prior year, the business earned $0.95 earnings per share. Research analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Monday, November 10th were issued a dividend of $0.35 per share. The ex-dividend date was Monday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 2.5%. Carlyle Group’s payout ratio is presently 78.21%.

Carlyle Group Company Profile

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.