On September 10, 2023, it was reported that Exor Capital LLP had acquired a new position in The Carlyle Group Inc. (NASDAQ:CG) during the first quarter of the year. According to their most recent 13F filing with the SEC, Exor Capital LLP purchased 232,000 shares of the financial services provider’s stock, with an approximate value of $7,206,000. This investment represents 0.5% of Exor Capital LLP’s overall investment portfolio and is now their 14th largest holding.
The Carlyle Group has received mixed reviews from various brokerages. In August, TheStreet downgraded its rating for the company from “b-” to “c+.” On the other hand, JMP Securities reiterated a “market outperform” rating with a price target of $52.00 for The Carlyle Group. Barclays also lowered their price target from $38.00 to $37.00 and maintained an “overweight” rating for the company. StockNews.com initiated coverage on The Carlyle Group and gave it a “sell” rating. Finally, Oppenheimer decreased their price target from $60.00 to $58.00 but maintained an “outperform” rating.
Currently, two analysts have rated The Carlyle Group stock as “sell,” three as “hold,” and ten as “buy.” According to Bloomberg data, there is a consensus among analysts that The Carlyle Group is a “Moderate Buy,” with a consensus target price of $40.36.
As of midday trading on September 10th, CG stock showed positive movement by increasing by $0.29 to reach $32.35 per share. The trading volume for the day stood at 1,637,128 shares compared to the average daily volume of 1,982,478 shares.
The Carlyle Group’s financials indicate stable liquidity ratios, with a quick ratio of 2.79 and a current ratio of 2.80. Furthermore, the company has a debt-to-equity ratio of 1.32, suggesting a balanced capital structure.
In terms of its market performance, The Carlyle Group has a market capitalization of $11.64 billion. The stock has exhibited a price-to-earnings (PE) ratio of 28.63 and a beta of 1.70, indicating higher volatility compared to the overall market.
Over the past year, The Carlyle Group’s stock has traded within a range of $24.59 to $38.32 per share, reflecting fluctuations in investor sentiment and external market conditions.
In conclusion, Exor Capital LLP’s recent acquisition reflects their confidence in The Carlyle Group as an investment opportunity. Despite mixed reviews from brokerages, the consensus target price suggests positive growth potential for the stock. Investors will continue monitoring The Carlyle Group’s financial performance and strategic initiatives to determine its long-term prospects in the financial services sector.
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Institutional Investors and Hedge Funds Modify Holdings of The Carlyle Group as Insiders Sell Shares, Brokerages Provide Ratings
Institutional investors and hedge funds have been actively modifying their holdings of The Carlyle Group, a financial services provider. Toroso Investments LLC increased its stake in the company by 1.9% during the fourth quarter, now owning 16,518 shares worth $493,000. Altshuler Shaham Ltd also boosted its holdings by 13.3% during the same period, now owning 3,775 shares worth $113,000. Asset Management One Co. Ltd. grew its position in The Carlyle Group by 0.6% during the first quarter, now owning 80,384 shares worth $2,497,000. American International Group Inc. raised its stake in the second quarter by 27.6%, currently owning 2,166 shares worth $69,000. In addition, B. Riley Wealth Advisors Inc., has a stake of over 22,448 shares valued at $580,000.
Notably, The Carlyle Group’s insider Bruce M. Larson recently sold 13,413 shares on August 2nd for approximately $434,044.68 with an average price of $32.36 per share. He still holds a substantial amount of roughly 403,069 shares valued at approximately $13,043,312.
Furthermore, another insider transaction involved COO Christopher Finn selling 27,067 shares on August 2nd for a total value of $875,888 with an average price of $32.36 per share.
A number of brokerages have also shared their opinions about The Carlyle Group (CG). TheStreet lowered their rating from “b-” to “c+”. JMP Securities reiterated a “market outperform” rating and set a price target of $52 per share on August 17th.Barclays decreased their price objective from $38 to $37 and maintained an “overweight” rating on August 3rd. StockNews.com initiated coverage on The Carlyle Group with a “sell” rating on August 19th. Oppenheimer also lowered their price target from $60 to $58, issuing an “outperform” rating on August 3rd. Overall, based on data from Bloomberg, The Carlyle Group has an average rating of “Moderate Buy” and a consensus target price of $40.36.
According to the company’s quarterly earnings data released on August 2nd, The Carlyle Group reported earnings per share (EPS) of $0.88 for the quarter, surpassing analysts’ consensus estimates by $0.23. The revenue generated during the period amounted to $977.90 million compared to an estimated $809.12 million. The company showcased strong performance with a return on equity of 24.12% and a net margin of 13.11%. Analysts predict that The Carlyle Group Inc.’s earnings per share for the current year will be around $2.99.
The Carlyle Group also announced a quarterly dividend which was paid to shareholders who were recorded as of August 15th and received a dividend of $0.35 per share on August 23rd. This represents an annualized payout ratio of 123.89% and a yield of 4.33%.
As evident from these recent developments, it is important for investors and market participants alike to closely monitor the activities and performance of The Carlyle Group in order to make informed decisions regarding their investment strategies.
