Carlyle Group (CG)

Carlyle Group (CG)

Postby winston » Tue Feb 27, 2018 10:06 am

Alternative Investments to Buy: Carlyle Group (CG)

Assets Under Management: $195 billion

For those who don’t follow the alternative assets industry very closely, you might have heard of The Carlyle Group LP (NASDAQ:CG) because of its connection to the Bush family.

In the past, both George H.W. Bush (after serving as president) and George W. Bush (before serving as president) have served as advisors to the company or on the board of companies it owned.

Politics aside, Carlyle Group provides investors with a diversified portfolio of alternative assets spread across four areas: Private Equity (37% of assets), Real Estate & Infrastructure (22%), Global Credit (17%) and Investment Solutions (24%).

That last segment essentially provides clients portfolios of funds related to the three other segments of its business. It’s an excellent way for high-net-worth investors to gain access to these areas without breaking the bank.

Currently, Carlyle has $69 billion in available capital — referred to as “dry powder” in the industry — which gives it the flexibility to pounce on opportunities as they come available much like an individual investor holding cash as stock markets correct.

Like Brookfield, it’s a sign that alternative asset managers are getting more cautious about making investments at current valuations, a dilemma when you have so much capital available.

In Carlyle’s most recent investor presentation, it points out that out of 179 deals, the average return was almost three times invested capital, a great return in anyone’s book.

Source: Investor Place
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Re: Carlyle Group (CG)

Postby winston » Tue Nov 05, 2019 7:46 am

not vested

Carlyle Group (CG)

Carlyle Group (NASDAQ:CG) just released its third-quarter numbers this morning. It beat earnings by a penny and also beat on revenue, although revenue was down slightly from the same quarter last year.

But that’s to be expected, since this private equity firm, or alternative global asset manager, has clients around the world. And big clients at that.

Wealthy people like former U.S. presidents, Saudi Arabia’s royal family and other powerful individuals make up a large portion of its clientele.

It has been around a long time and is well positioned to find long-term opportunities around the globe. Right now, the global slowdown depresses its earnings but also makes it a good time to shop for investments.

CG stock is up 74% year-to-date (and still has a trailing P/E of 11.4). The company also delivers an impressive 6.3% dividend. This is a classic long-term total return play.

Source: Daily Trade Alert
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Re: Carlyle Group (CG)

Postby winston » Mon May 04, 2020 9:39 pm

not vested

Carlyle

This limited partnership is a solid holding for investors looking for private equity exposure.

Carlyle Group L.P. (NYSE: CG) is a leading global alternative asset manager, providing investment management services across four operating segments, including Corporate Private Equity, Global Market Strategies, Real Assets and Fund of Funds Solutions.

Carlyle has offices worldwide and is headquartered in Washington, D.C.

Last week, Carlyle reported that distributable earnings (the cash available for paying dividends to shareholders) rose to $175 million from $100.8 million a year earlier. This resulted in distributable earnings per share of $0.48, which surpassed the average analyst forecast of $0.40, according to data from Refinitiv.

The analysts noted this when discussing the earnings release:

Taking a step back, CG is facing a relatively more challenging near-term earnings growth backdrop given a relatively higher percentage of earnings dependent on incentive fees and a more challenging fee related earnings growth outlook over the next 12 months.

That said, we think valuation provides some support, with the stock trading at 17x 2021 price to earnings and ~17.5x 2021 after-tax fee related earnings.

Shareholders receive a substantial 5.59% dividend. Goldman Sachs lowered its price target on the shares to $26 from $28.

The consensus target across Wall Street was last seen at $26.54.

The final Carlyle stock trade on Friday came in at $22.18, after falling over 5% on the day.

Source: 24/7 Wall Street
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