Discounted valuation The Carlyle Group’s (CG) NTM (next-12-month) PE (price-to-earnings) ratio is 7.7x, lower than competitors’ average of 9.6x. Peers Ameriprise Financial (AMP), Ares Management (ARES), and KKR (KKR) have NTM PE ratios of 9.5x, 11.4x, and 7.9x, respectively. Carlyle has a lower valuation because of its expected results for 1Q18. Wall Street analysts expect the company’s […]
KKR & Company announced on February 27, 2018, that it would be advancing funds to Qui! Group in order to support the company so that it would experience growth.
The Blackstone Group’s (BX) Corporate Private Equity segment’s total revenue rose from $460.9 million in 4Q16 to $590.2 million in 4Q17, reflecting a 28% rise year-over-year.
The Blackstone Group’s Real Estate segment’s metrics, such as its total assets under management, deployments, and realizations, benefited from the company’s global reach and large scale in 4Q17.
The Blackstone Group’s (BX) Credit segment delivered composite gross returns of 3.4% and 1.7% in terms of distressed strategies and performing credit, respectively, in 4Q17.
At the end of 2017, the Blackstone Group’s (BX) total AUM (assets under management) stood at $434.1 billion. On a YoY (year-over-year) basis, this figure reflected a rise of 18%.
The Blackstone Group (BX) reported EPS (earnings per share) of $0.71 in 4Q17. Analysts had expected the company’s EPS to come in at $0.67 in the quarter.
Targeting collateralized loan obligations On January 2, 2018, The Carlyle Group (CG) announced fundraising for a structured credit fund. The company has raised capital of around $800 million. With the help of structured credit, the company plans to gain presence in the CLO (collateralized loan obligation) space. The Carlyle Structured Credit Fund has been handled by […]
Sale closed On January 11, 2018, The Carlyle Group (CG) announced the sale of Companeo Groupe to Infopro Digital. Companeo, in the business of lead generation, helps businesses find new customers. It has a strong presence in Europe. The alternative asset manager invested in Companeo and acquired a majority stake in August 2010, expecting that the company […]
Minority shareholder On December 27, 2017, The Carlyle Group (CG) announced that it had become a minority shareholder in Bis Industries, where a financial reorganization has taken place. The company provides materials for handling solutions and logistics. Its clients include resource and mining companies. Bis Industries’ financial reorganization has decreased its financial leverage and gross debt, allowing it […]
Analysts’ ratings Of the 14 analysts covering The Blackstone Group (BX) in January 2018, seven have recommended “strong buy,” six have recommended “buy,” and one has recommended “hold.” There were no “strong sell” or “sell” recommendations. Peer comparison In January 2018, of the 11 analysts covering Ameriprise Financial (AMP), three have recommended “strong buy,” three have recommended “buy,” and five […]
In 3Q17, the Carlyle Group’s (CG) Global Market Strategies division reported fee-related earnings (or FRE) of $75 million, which was a substantial YoY rise.
Six of 14 analysts currently covering Blackstone stock gave “strong buy” ratings. Six analysts gave “buy” ratings, and the remaining two analysts gave “hold” ratings.
Four analysts have rated Carlyle (CG) stock a “buy,” while four have given it a “strong buy” rating, and the remaining four have rated the stock a “hold.”
Fundraising in 2H17 In 1Q17, Affiliated Managers Group (AMG) did not see fundraising in private equity, though it did see realizations. According to management, large fundraising in private equity is expected towards the end of 2017 and at the beginning of 2018. This fundraising is expected due to strong performance by private equity affiliates Pantheon and EIG […]
Rise in affiliates Thanks to Affiliated Managers Group’s (AMG) relationship with major companies, it has a positive outlook due to the increase in investments in new affiliates. Despite global political uncertainty, AMG is still in a position to compete with alternative asset managers (XLF) such as Apollo Global Management (APO), AllianceBernstein (AB), and Ameriprise Financial (AMP), […]
The merged entity of Janus Capital Group (JNS) and Henderson Group (HGG) will help accelerate the twin strategic objectives for diversification and growth.
The merger of Janus Capital Group (JNS) and Henderson Group (HGG), announced in late 2016, was finalized on May 30, 2017. It’s said to be a merger of equals.
Money market funds suffer in periods of low interest rates because their yields drop, causing fund managers to lower fees and close access to new investors.
