Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 4,299 Shares of Carlyle Group Inc. $CG

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 8.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,744 shares of the financial services provider’s stock after buying an additional 4,299 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Carlyle Group were worth $2,814,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Carlyle Group in the second quarter valued at $236,000. Vanguard Group Inc. grew its stake in shares of Carlyle Group by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock worth $1,058,929,000 after buying an additional 1,131,514 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in shares of Carlyle Group in the 2nd quarter worth about $308,000. Brandywine Global Investment Management LLC bought a new position in shares of Carlyle Group in the 1st quarter valued at about $9,511,000. Finally, Invesco Ltd. grew its position in Carlyle Group by 14.2% in the first quarter. Invesco Ltd. now owns 742,934 shares of the financial services provider’s stock worth $32,384,000 after acquiring an additional 92,199 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Performance

Carlyle Group stock opened at $51.97 on Thursday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market capitalization of $18.73 billion, a PE ratio of 15.20, a P/E/G ratio of 1.22 and a beta of 2.01. The company has a 50 day moving average price of $59.25 and a 200-day moving average price of $56.21. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 EPS for the quarter, hitting the consensus estimate 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 last year, the business posted $0.95 EPS. As a group, equities analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were paid a $0.35 dividend. 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 2.7%. Carlyle Group’s dividend payout ratio is 78.21%.

Analysts Set New Price Targets

CG has been the subject of a number of recent research reports. BMO Capital Markets started coverage on Carlyle Group in a report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 target price for the company. Morgan Stanley boosted their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. TD Cowen lowered their target price on shares of Carlyle Group from $78.00 to $77.00 and set a “buy” rating for the company in a report on Monday, November 3rd. JMP Securities upped their price target on shares of Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a report on Thursday, August 14th. Finally, Evercore ISI decreased their price objective on shares of Carlyle Group from $64.00 to $57.00 and set an “in-line” rating for the company in a research note on Monday, November 3rd. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $66.00.

Carlyle Group 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.