Capstone Investment Advisors LLC bought a new position in Carlyle Group Inc. (NASDAQ:CG – Free Report) during the second quarter, Holdings Channel reports. The firm bought 10,372 shares of the financial services provider’s stock, valued at approximately $437,000.
Several other institutional investors also recently bought and sold shares of CG. New Age Alpha Advisors LLC purchased a new position in shares of Carlyle Group during the 4th quarter valued at approximately $1,935,000. Algebris UK Ltd. purchased a new stake in Carlyle Group during the fourth quarter worth $50,459,000. BlackRock Inc. acquired a new stake in Carlyle Group during the second quarter valued at $1,346,848,000. William Blair Investment Management LLC purchased a new position in Carlyle Group in the second quarter valued at $249,077,000. Finally, Geode Capital Management LLC raised its position in shares of Carlyle Group by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 4,999,880 shares of the financial services provider’s stock worth $294,817,000 after acquiring an additional 79,134 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.
Carlyle Group Stock Down 0.3%
CG stock opened at $49.09 on Friday. Carlyle Group Inc. has a 52 week low of $39.60 and a 52 week high of $69.85. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. The firm has a 50-day simple moving average of $46.06 and a 200-day simple moving average of $47.72. The stock has a market capitalization of $17.49 billion, a P/E ratio of 51.14, a P/E/G ratio of 1.50 and a beta of 1.83.
Carlyle Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.9%. Carlyle Group’s payout ratio is currently 145.83%.
Analysts Set New Price Targets
CG has been the topic of a number of analyst reports. Weiss Ratings upgraded Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada reduced their price target on Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating for the company in a report on Monday, July 13th. Citigroup reissued an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 6th. Barclays boosted their price objective on Carlyle Group from $57.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, Morgan Stanley set a $57.00 target price on Carlyle Group in a research report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $59.31.
Carlyle Group Company Profile
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.
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