17,173 Shares in Carlyle Group Inc. $CG Bought by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in Carlyle Group Inc. (NASDAQ:CG – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 17,173 shares of the financial services provider’s stock, valued at approximately $723,000.

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

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Carlyle Group Price Performance

Shares of NASDAQ CG opened at $46.97 on Monday. Carlyle Group Inc. has a 52 week low of $39.60 and a 52 week high of $69.85. The business’s 50 day moving average price is $46.56 and its 200 day moving average price is $47.38. 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 market cap of $16.74 billion, a P/E ratio of 48.93, a P/E/G ratio of 1.44 and a beta of 1.84.

Carlyle Group (NASDAQ:CG – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $0.91 by $0.16. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The business’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.87 EPS. On average, sell-side analysts expect that Carlyle Group Inc. will post 3.69 earnings per share for the current year.

Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 17th. Carlyle Group’s dividend payout ratio is presently 145.83%.

Analysts Set New Price Targets

CG has been the topic of several research analyst reports. Barclays boosted their target price on Carlyle Group from $57.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Citizens Jmp boosted their price target on Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 6th. Keefe, Bruyette & Woods increased 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 report on Thursday, August 6th. Royal Bank Of Canada lowered their target price on shares of Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating for the company in a research note on Monday, July 13th. Finally, Morgan Stanley set a $57.00 price target on shares of Carlyle Group in a research note on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.31.

View Our Latest Analysis on Carlyle Group

Carlyle Group 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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