Bamco Inc. NY Has $10.48 Million Holdings in Carlyle Group Inc. $CG

Bamco Inc. NY decreased its stake in Carlyle Group Inc. (NASDAQ:CG) by 88.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,076 shares of the financial services provider’s stock after selling 1,325,709 shares during the quarter. Bamco Inc. NY’s holdings in Carlyle Group were worth $10,476,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Generali Asset Management SPA SGR acquired a new stake in shares of Carlyle Group during the third quarter worth approximately $1,913,000. Fifth Third Bancorp boosted its stake in Carlyle Group by 28.7% in the third quarter. Fifth Third Bancorp now owns 107,198 shares of the financial services provider’s stock worth $6,721,000 after purchasing an additional 23,901 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Carlyle Group by 16.3% in the third quarter. New York State Common Retirement Fund now owns 207,395 shares of the financial services provider’s stock valued at $13,004,000 after buying an additional 29,000 shares in the last quarter. Vanguard Group Inc. lifted its position in Carlyle Group by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock worth $1,594,712,000 after buying an additional 714,428 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC bought a new position in shares of Carlyle Group in the third quarter worth about $1,564,000. 55.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CG. Royal Bank Of Canada initiated coverage on shares of Carlyle Group in a report on Monday, February 23rd. They issued an “outperform” rating and a $67.00 price target for the company. UBS Group cut their price target on Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Wall Street Zen upgraded Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, January 21st. Finally, Morgan Stanley set a $71.00 target price on Carlyle Group in a research note on Tuesday, January 27th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Carlyle Group has a consensus rating of “Hold” and an average price target of $65.36.

Carlyle Group Stock Up 0.7%

Carlyle Group stock opened at $45.64 on Monday. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 1.90. The company has a 50 day moving average of $57.14 and a 200-day moving average of $58.44. The stock has a market capitalization of $16.48 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 0.88 and a beta of 2.07.

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

Carlyle Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 16th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 annualized dividend and a yield of 3.1%. Carlyle Group’s dividend payout ratio is 64.22%.

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.