|Bid||21.30 x 800|
|Ask||24.45 x 800|
|Day's Range||23.75 - 24.45|
|52 Week Range||19.50 - 25.90|
|PE Ratio (TTM)||13.28|
|Earnings Date||Aug 1, 2018|
|Forward Dividend & Yield||1.58 (6.68%)|
|1y Target Est||27.92|
Some investors fear that additional Federal Reserve interest rate hikes could slow down the economy. But billionaire investor David Rubenstein says the economy is strong enough right now to withstand it.
The Carlyle Group co-founder David Rubenstein said it's less likely the Democrats win a majority of the seats in the House of Representatives during the 2018 midterms. Rubenstein said that the healthy economy under President Trump and Republican leadership could mollify voters come November. The Carlyle Group co-founder David Rubenstein said it's less likely the Democrats win a majority of the seats in the House of Representatives during the 2018 midterms thanks to the continued strength of the economy.
Carlyle Group's David Rubenstein said strong economy makes it less likely Democrats win a majority of the seats in the House during the 2018 midterm elections.
BlackRock (BLK), the world’s largest asset manager, saw $14 billion in long-term flows in the second quarter, helped by $5 billion inflows from retail and $18 billion in ETFs, partially offset by outflows of $9 billion from the Institutional segment. The pace of new flows has declined substantially from $55 billion in the previous quarter and $94 billion in the second quarter of last year.
LP appointed Minoru Koshibe as a senior adviser on Carlyle Japan’s advisory team. Washington, D.C.-based Carlyle closed in June on $6.55 billion for a new fund to invest across the Asia-Pacific region in technology, consumer and other sectors.
LONDON, UK / ACCESSWIRE / July 9, 2018 / If you want a free Stock Review on VOYA sign up now at www.wallstequities.com/registration. Research coverage has been initiated by WallStEquities.com on The Carlyle Group L.P. (NASDAQ: CG), Voya Financial Inc. (NYSE: VOYA), Waddell & Reed Financial Inc. (NYSE: WDR), and WisdomTree Investments Inc. (NASDAQ: WETF).
In the second quarter, The Carlyle Group’s (CG) EPS may rise sequentially because of equity market recovery. Improving equity markets boost its AUM (assets under management), improving its revenue. Of the 12 analysts covering Carlyle, four recommend “strong buy,” five recommend “buy,” and three recommend “hold.” Their ratings have stayed the same over the past few months.
Alternative asset managers’ (XLF) performance is primarily assessed using four metrics: fundraising realizations deployments investment performance
The Carlyle Group’s (CG) NTM (next-12-month) PE ratio is 8.4x, lower than competitors’ average of 11.1x. Peers’ NTM PE ratios are as follows: KKR (KKR): 10.6x Blackstone (BX): 10.7x Apollo Global Management (APO): 12.1x
The Carlyle Group’s (CG) real assets segment ended the first quarter with total AUM (assets under management) of $44 billion, of which legacy energy AUM comprised $5 billion, real estate comprised $19 billion, and natural resources comprised $20.1 billion. In the first quarter, the real assets segment’s fee-related earnings rose substantially YoY (year-over-year) to $24 million, supported by fund management fees. The segment’s deployments rose YoY to $1.9 billion, and its fund management fees rose YoY to $74 million from $56 million.
The Carlyle Group’s (CG) corporate private equity segment saw fundraising of $3.9 billion in the first quarter, compared with $0.2 billion in Q1 2017. Meanwhile, competitors (XLF) Apollo Global Management (APO) and Blackstone (BX) saw inflows of $461 million and $4 billion in their respective private equity segments, and KKR (KKR) ended the first quarter with AUM (assets under management) of $102.2 billion in its private market segment.
In the first quarter, The Carlyle Group’s (CG) carry funds rose 3% amid equity volatility, mainly because of tariff fears and interest rates talks. The second quarter kicked off with a strong earnings season, boosting markets. Later on, the jobs report, which indicated improving employment conditions, helped equity markets.
Apple CEO Tim Cook started working at the tech company 20 years ago thanks to a decision Steve Jobs encouraged him to make.
Carlyle Group closed the new fund—aimed at investing in technology, consumer and other sectors across the Asia-Pacific region—after it surpassed its target of $5 billion.
Carlyle Group (:CG.O) said on Thursday it had raised $6.55 billion for its Asia private equity fund, its biggest ever, which will seek buyout and strategic investment opportunities across a wide range of sectors in the region. The latest fund is more than Carlyle's initial target of $5 billion and 65 percent bigger than its previous Asia buyout fund, said the U.S.-based private equity firm with $201 billion of assets under management globally. Reuters reported last month, citing people with knowledge of the matter, that Carlyle had raised its Asia fundraising target following a strong response from its investors and that it was looking to close the fund at $6.5 billion.
NEW YORK/FRANKFURT (Reuters) - Taiyo Nippon Sanso Corp (Tokyo:4091.T - News) and private equity firm Carlyle Group (:CG.N) have emerged as frontrunners to buy assets that gases groups Linde (XETRA:LIN1.DE - News) and Praxair (:PX - News) need to divest to seal their planned merger, people close to the matter said. Taiyo is in the frame to bag the European package, while Carlyle would take the U.S. assets, they said. The two deals could clear the way to secure the $83 billion all-share merger of equals that Munich-based Linde and Danbury, Connecticut-based Praxair struck to create a global leader in gas distribution, with revenues of almost $29 billion and 88,000 staff.
The real-estate investment trust planning to take control of bankrupt HCR ManorCare Inc. explained its decision to keep the nursing home operator’s management, saying debt placed on it by its private-equity owners burdened an otherwise “effective” team. Thomas DeRosa, chief executive officer of Welltower Inc., appeared Wednesday at the Nareit REITweek 2018 Investor Conference in New York.
LONDON, UK / ACCESSWIRE / June 6, 2018 / If you want a free Stock Review on VOYA sign up now at www.wallstequities.com/registration. Ahead of today's trading session, WallStEquities.com revisits the Asset Management space, which offers investment services, along with a wide range of traditional and alternative product offerings, that might not be available to the average investor. Under assessment this morning are the following stocks: The Carlyle Group L.P. (NASDAQ: CG), Voya Financial Inc. (NYSE: VOYA), Waddell & Reed Financial Inc. (NYSE: WDR), and WisdomTree Investments Inc. (NASDAQ: WETF).
It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed. Hasbro, Inc. HAS : "It turns out, a la what happened with Nike and what happened with Under Armour , it takes a little while longer to clear all that inventory from the system and that's what's happening with Toys R Us and Hasbro.
Jim Cramer rattles off his take on callers' favorite stocks, including a toymaker recovering from Toys R Us' bankruptcy.
Banks and the financial sector (XLF) continue to underperform the broader markets (SPY), mainly due to subdued returns on financial holdings on the back of market volatility and geopolitical tensions. Interest rate hikes going forward aren’t helping banks in their expansion of rate spreads but are putting pressure on their credit offtake.
The price-to-earnings ratio for The Blackstone Group (BX) stood at 10.50x on an NTM (next-12-month) basis while its peer average stood at 10.21x. The company’s competitors KKR & Company (KKR), Carlyle Group (CG), and Apollo Global Management (APO) have price-to-earnings ratios of 9.94x, 8.47x, and 12.23x, respectively, on an NTM basis.
This May, The Blackstone Group (BX) has been covered by 14 analysts. Seven recommend a “strong buy” for the stock. However, six analysts have given “buy” ratings, and the remaining analyst is recommending a “hold.” Over the past few months, ratings have remained constant. In 2018, the company’s credit division could be negatively impacted by the Federal Reserve’s decision to hike interest rates.
In the second quarter, The Blackstone Group (BX) is expected to witness a decline in deployments compared to the first quarter—primarily because of higher valuations that reduce deployment opportunities. Fewer deployments would, in turn, lead to a rise in available capital for investments, which might concern investors. According to Wall Street analysts, Blackstone is expected to report earnings per share or EPS of $0.73 in the second quarter, which represents a rise sequentially as well as year-over-year or YoY. Blackstone is expected to report revenues amounting to $1.73 billion in the second quarter, reflecting an increase from the same period of the prior year.
The performance of the Blackstone Group’s (BX) credit division is affected mainly by outflows. In the first quarter, the debt markets witnessed outflows primarily because of expectations for higher interest rates. Whenever interest rates rise, current holdings witness a dip in prices, which hurts the alternative asset managers’ credit divisions.