Argent Capital Management LLC Decreases Holdings in Carlyle Group Inc. $CG

Argent Capital Management LLC reduced its stake in Carlyle Group Inc. (NASDAQ:CG) by 3.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 602,893 shares of the financial services provider’s stock after selling 22,036 shares during the quarter. Argent Capital Management LLC owned 0.17% of Carlyle Group worth $35,637,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP raised its stake in shares of Carlyle Group by 150.3% in the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock valued at $26,000 after buying an additional 299 shares during the period. WFA of San Diego LLC bought a new position in shares of Carlyle Group during the 2nd quarter worth $26,000. Geneos Wealth Management Inc. increased its holdings in Carlyle Group by 755.3% in the 1st 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. Quarry LP purchased a new stake in Carlyle Group during the third quarter valued at about $33,000. Finally, Motco bought a new position in Carlyle Group during the third quarter worth about $40,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Price Performance

CG opened at $47.72 on Friday. The firm has a market capitalization of $17.24 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 0.92 and a beta of 2.07. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85. The company has a fifty day moving average price of $55.78 and a 200-day moving average price of $58.05. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.33.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Carlyle Group had a net margin of 16.92% and a return on equity of 23.62%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $0.92 EPS. The business’s revenue was up 84.1% compared to the same quarter last year. Equities research analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, February 13th. Carlyle Group’s payout ratio is currently 64.22%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research report on Wednesday, January 21st. UBS Group reduced their price objective on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, February 20th. BMO Capital Markets restated an “outperform” rating and set a $65.00 target price on shares of Carlyle Group in a research report on Thursday, March 5th. Wolfe Research reaffirmed an “outperform” rating on shares of Carlyle Group in a report on Wednesday, January 7th. Finally, Royal Bank Of Canada began coverage on Carlyle Group in a research note on Monday, February 23rd. They set an “outperform” rating and a $67.00 price objective on the stock. Eight analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Carlyle Group has a consensus rating of “Hold” and a consensus target price of $65.36.

About Carlyle Group

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.