37,073 Shares in Carlyle Group Inc. $CG Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in shares of Carlyle Group Inc. (NASDAQ:CGFree Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 37,073 shares of the financial services provider’s stock, valued at approximately $1,561,000.

Several other institutional investors have also bought and sold shares of CG. WFA of San Diego LLC acquired a new stake in shares of Carlyle Group in the 2nd quarter worth approximately $26,000. Main Street Group LTD bought a new stake in Carlyle Group in the first quarter worth about $27,000. Geneos Wealth Management Inc. boosted its position in shares of Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 574 shares in the last quarter. Quarry LP acquired a new position in Carlyle Group in the third quarter worth approximately $33,000. Finally, Allworth Financial LP acquired a new stake in shares of Carlyle Group during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Up 0.1%

Shares of Carlyle Group stock opened at $48.99 on Thursday. Carlyle Group Inc. has a 1 year low of $39.60 and a 1 year high of $69.85. The company has a market cap of $17.46 billion, a P/E ratio of 51.03, a P/E/G ratio of 1.50 and a beta of 1.83. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.91. The stock has a 50-day moving average price of $45.89 and a 200 day moving average price of $47.78.

Carlyle Group (NASDAQ:CGGet Free Report) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The firm’s quarterly revenue was down 28.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. As a group, analysts expect that Carlyle Group Inc. will post 3.69 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were given a $0.35 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. Carlyle Group’s dividend payout ratio is presently 145.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CG shares. Citizens Jmp boosted their target price on Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 6th. Morgan Stanley set a $57.00 price target on Carlyle Group in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods upped their price objective on shares of Carlyle Group from $47.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, August 6th. Royal Bank Of Canada dropped their target price on shares of Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating on the stock in a research report on Monday, July 13th. Finally, UBS Group upped their price target on shares of Carlyle Group from $63.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Seven research 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $59.31.

View Our Latest Stock Analysis on Carlyle Group

Carlyle Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Carlyle Group (NASDAQ:CG)

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