JPMorgan Chase & Co. Boosts Stock Position in Carlyle Group Inc. $CG

by · The Cerbat Gem

JPMorgan Chase & Co. lifted its position in shares of Carlyle Group Inc. (NASDAQ:CG – Free Report) by 1.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,058,721 shares of the financial services provider’s stock after purchasing an additional 12,144 shares during the quarter. JPMorgan Chase & Co.’s holdings in Carlyle Group were worth $54,421,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 1,131,514 shares during the last quarter. Citigroup Inc. raised its position in Carlyle Group by 484.4% in the 1st quarter. Citigroup Inc. now owns 623,440 shares of the financial services provider’s stock worth $27,176,000 after purchasing an additional 516,761 shares during the period. Ameriprise Financial Inc. lifted its stake in Carlyle Group by 21.7% in the first quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider’s stock worth $118,684,000 after purchasing an additional 485,488 shares during the last quarter. Nuveen LLC bought a new position in shares of Carlyle Group during the first quarter valued at about $20,793,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Carlyle Group by 37.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,604,610 shares of the financial services provider’s stock worth $69,945,000 after buying an additional 441,276 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Carlyle Group Stock Up 1.9%

Shares of NASDAQ CG opened at $54.54 on Monday. The firm has a fifty day simple moving average of $57.16 and a two-hundred day simple moving average of $56.80. The firm has a market capitalization of $19.66 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.22 and a beta of 2.01. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.52. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85.

Carlyle Group (NASDAQ:CG – Get Free Report) last released its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.98. The company had revenue of $782.50 million during the quarter, compared to the consensus estimate of $848.51 million. Carlyle Group had a net margin of 20.22% and a return on equity of 23.60%. During the same period in the prior year, the firm earned $0.95 earnings per share. Equities analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were given a dividend of $0.35 per share. The ex-dividend date was Monday, November 10th. This represents a $1.40 annualized dividend and a dividend yield of 2.6%. Carlyle Group’s payout ratio is currently 78.21%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JMP Securities raised their price target on Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 14th. Barclays restated an “overweight” rating and issued a $74.00 target price (up previously from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. JPMorgan Chase & Co. dropped their price target on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Evercore ISI decreased their price objective on shares of Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a research report on Monday, November 3rd. Finally, TD Cowen dropped 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. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $66.00.

Get Our Latest Stock Report on Carlyle Group

About Carlyle Group

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carlyle Group Inc. (NASDAQ:CG – Free Report).