Asahi Life Asset Management CO. LTD. acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,350 shares of the financial services provider’s stock, valued at approximately $202,000.
Other institutional investors also recently modified their holdings of the company. Zions Bancorporation N.A. acquired a new stake in The Carlyle Group in the first quarter valued at approximately $33,000. Fifth Third Bancorp boosted its position in The Carlyle Group by 28.6% in the first quarter. Fifth Third Bancorp now owns 2,244 shares of the financial services provider’s stock valued at $82,000 after buying an additional 499 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its position in The Carlyle Group by 297.1% in the first quarter. Harvest Fund Management Co. Ltd now owns 2,315 shares of the financial services provider’s stock valued at $85,000 after buying an additional 1,732 shares in the last quarter. Wagner Wealth Management LLC acquired a new stake in The Carlyle Group in the first quarter valued at approximately $106,000. Finally, USA Financial Portformulas Corp acquired a new position in shares of The Carlyle Group during the second quarter worth $117,000. Hedge funds and other institutional investors own 39.48% of the company’s stock.
A number of brokerages have recently commented on CG. Deutsche Bank Aktiengesellschaft upgraded shares of The Carlyle Group from a “hold” rating to a “buy” rating and lifted their price target for the stock from $53.00 to $58.00 in a report on Wednesday, August 11th. boosted their target price on shares of The Carlyle Group from $49.50 to $51.50 and gave the company a “buy” rating in a report on Wednesday, June 16th. Citigroup boosted their target price on shares of The Carlyle Group from $51.50 to $54.50 and gave the company a “buy” rating in a report on Monday, July 12th. CIBC upgraded shares of The Carlyle Group to a “neutral” rating in a report on Wednesday, August 11th. Finally, BMO Capital Markets upgraded shares of The Carlyle Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $59.00 to $65.00 in a report on Monday. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $42.50.
The Carlyle Group (NASDAQ:CG) last posted its earnings results on Thursday, July 29th. The financial services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.61 by $0.27. The Carlyle Group had a net margin of 38.32% and a return on equity of 26.95%. On average, equities research analysts expect that The Carlyle Group Inc. will post 3.21 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 17th. Shareholders of record on Tuesday, August 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Monday, August 9th. The Carlyle Group’s payout ratio is 48.78%.
In other The Carlyle Group news, Director David M. Rubenstein sold 1,900,000 shares of the business’s stock in a transaction dated Friday, August 13th. The shares were sold at an average price of $47.80, for a total value of $90,820,000.00. Following the transaction, the director now directly owns 35,149,644 shares in the company, valued at $1,680,152,983.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Bruce M. Larson sold 860 shares of the business’s stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $48.80, for a total transaction of $41,968.00. The disclosure for this sale can be found here. Insiders sold a total of 11,133,101 shares of company stock valued at $543,529,613 over the last ninety days. 36.30% of the stock is currently owned by insiders.
About The Carlyle Group
The Carlyle Group, Inc engages in a multi-product global alternative asset management. It operates though the following segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. The Corporate Private Equity segment focuses on buyout, and growth capital funds, which pursue a variety of corporate investments of different sizes and growth potentials.
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