Skandinaviska Enskilda Banken AB publ, a Swedish financial institution, has increased its stake in The Carlyle Group Inc. (NASDAQ:CG) during the first quarter of this year, according to a recent filing with the Securities and Exchange Commission. The bank now owns 179,410 shares of the financial services provider’s stock, after acquiring an additional 10,507 shares. As of its most recent SEC filing, Skandinaviska Enskilda Banken AB publ’s holdings in The Carlyle Group were valued at $5,572,000.
The Carlyle Group recently announced its quarterly earnings results on August 2nd. The company reported earnings per share (EPS) of $0.88 for the quarter, surpassing the consensus estimate by $0.23. With a net margin of 13.11% and a return on equity of 24.12%, The Carlyle Group demonstrated strong performance in the period. Additionally, the firm reported revenue of $977.90 million for the quarter, exceeding analysts’ expectations of $809.12 million.
Various brokerages have provided their analysis on CG recently. Oppenheimer lowered their price target from $60 to $58 and assigned an “outperform” rating on the stock in early August. Barclays also reduced their target price from $38 to $37 and maintained an “overweight” rating on CG around the same time frame. BMO Capital Markets adjusted their target price from $44 to $37 back in May.
Furthermore, StockNews.com initiated coverage on The Carlyle Group and recommended selling shares just last week. In contrast, UBS Group raised their target price from $28 to $35 and issued a “neutral” rating for CG in July.
Currently, two research analysts have rated CG as a sell while three analysts have labeled it as a hold. Ten analysts hold a more positive outlook with buy ratings for the company. Bloomberg data indicates that the stock currently has a consensus rating of “Moderate Buy” with an average target price of $40.36.
As Skandinaviska Enskilda Banken AB publ strengthens its position in The Carlyle Group, investors and analysts continue to monitor the company’s quarterly results and performance. With positive earnings and revenue figures, coupled with varying ratings from different brokerages, it remains to be seen how CG will progress throughout the current fiscal year.
The Carlyle Group Inc.
CG
Strong Buy
Updated on: 03/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Institutional Investors and Hedge Funds Show Interest in The Carlyle Group, while Analysts Remain Divided on Outlook
The Carlyle Group, a leading global investment firm, has recently seen significant activity from institutional investors and hedge funds. Notable among these investors is CVA Family Office LLC, which increased its position in Carlyle Group shares by an astonishing 229.6% during the fourth quarter of the previous year. This move added an additional 620 shares to their existing holding of 890 shares, bringing the total to 1,510 shares worth approximately $27,000.
WealthPlan Investment Management LLC also seized the opportunity to invest in The Carlyle Group during the first quarter of this year. They acquired a new position with 1,000 shares valued at $30,000. Meanwhile, Freedom Wealth Alliance LLC entered the market for The Carlyle Group’s stock in the last quarter of 2022 with an initial investment of $31,000.
Column Capital Advisors LLC opted to significantly increase its stake in The Carlyle Group by an impressive 477.0% during the fourth quarter of the previous year. This move added an additional 954 shares to their portfolio, resulting in a total holding of 1,542 shares worth around $34,000.
CoreCap Advisors LLC joined the list of institutional investors by acquiring a new position in The Carlyle Group during the fourth quarter of last year. Their initial investment amounted to $46,000. Collectively, these institutional investors now own a substantial portion of The Carlyle Group’s stock amounting to 54.31% ownership.
Moving on to market performance, The Carlyle Group’s stock opened at $29.97 on NASDAQ on Thursday. With a 50-day moving average of $32.30 and a 200-day moving average of $31.24, it seems that there has been some volatility in recent months.
The market capitalization for The Carlyle Group stands firmly at $10.79 billion while sporting a price-to-earnings ratio of 26.52. The company’s beta is reported to be 1.68, indicating a higher level of volatility compared to the overall market.
As for its book value, The Carlyle Group has a debt-to-equity ratio of 1.32, suggesting a moderate level of financial leverage. Furthermore, the company has a quick ratio of 2.79 along with a current ratio of 2.80, indicating its liquidity position remains relatively healthy.
Notably, several brokerages have recently shared their insights on The Carlyle Group’s stock performance and potential outlook. Oppenheimer expressed an “outperform” rating on the stock but lowered their price target from $60.00 to $58.00 in a research note released on Thursday, August 3rd. Similarly, Barclays adjusted their price target from $38.00 to $37.00 while maintaining an “overweight” rating on the stock.
BMO Capital Markets also lowered their target price from $44.00 to $37.00 in another research note published on Friday, May 5th. StockNews.com joined the conversation by issuing a “sell” rating on The Carlyle Group’s stock recently.
However, it is worth mentioning that UBS Group offered a more neutral stance by raising their target price from $28.00 to $35.00 while giving The Carlyle Group a “neutral” rating in their research note released on Wednesday, July 19th.
In summary, with two sell ratings, three hold ratings, and ten buy ratings given by analysts covering The Carlyle Group’s stock at present time, Bloomberg reports an average consensus rating of “Moderate Buy.” Analysts seem divided regarding the future growth prospects for this investment firm.
On Wednesday, August 23rd, The Carlyle Group announced its quarterly dividend payment which would be distributed among shareholders as per record records as of Tuesday, August 15th. Shareholders received a dividend payment of $0.35 per share, reflecting an annualized dividend yield of 4.67%.
In terms of recent insider activity, there have been notable stock sales from members of the company’s management team. COO Christopher Finn sold 27,067 shares on Wednesday, August 2nd at an average price of $32.36 per share, generating a total transaction value of $875,888.12.
Additionally, CAO Charles Elliott Jr. Andrews sold 6,669 shares on Wednesday, August 2nd at the same average price per share mentioned earlier in this article. This sale amounted to a total transaction value of $215,808.84.
These insider transactions were duly reported to the Securities and Exchange Commission (SEC) and can be further explored on their official website.
All in all, it appears that The Carlyle Group is attracting attention and investment interest from various institutional investors and hedge funds. However, opinions among analysts are divided regarding the future outlook for the investment firm’s stock performance and potential growth.
Discussion about this post