Algebris UK Ltd lowered its holdings in The Carlyle Group (NASDAQ:CG) by 6.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 635,600 shares of the financial services provider’s stock after selling 43,400 shares during the period. The Carlyle Group accounts for 1.3% of Algebris UK Ltd’s investment portfolio, making the stock its 17th biggest position. Algebris UK Ltd owned about 0.63% of The Carlyle Group worth $13,570,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in CG. Deutsche Bank AG boosted its holdings in The Carlyle Group by 41.5% in the fourth quarter. Deutsche Bank AG now owns 2,106,437 shares of the financial services provider’s stock valued at $48,237,000 after acquiring an additional 617,512 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in The Carlyle Group by 34.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,576,775 shares of the financial services provider’s stock valued at $36,108,000 after acquiring an additional 402,475 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in The Carlyle Group by 2.6% in the fourth quarter. Wells Fargo & Company MN now owns 896,263 shares of the financial services provider’s stock valued at $20,524,000 after acquiring an additional 22,851 shares during the last quarter. Alkeon Capital Management LLC acquired a new position in The Carlyle Group in the fourth quarter valued at $17,318,000. Finally, Philadelphia Financial Management of San Francisco LLC boosted its holdings in The Carlyle Group by 22.8% in the fourth quarter. Philadelphia Financial Management of San Francisco LLC now owns 725,986 shares of the financial services provider’s stock valued at $16,625,000 after acquiring an additional 134,721 shares during the last quarter. 40.70% of the stock is owned by institutional investors and hedge funds.
Shares of The Carlyle Group traded up $0.25, reaching $22.15, during midday trading on Thursday, according to Marketbeat Ratings. 4,763 shares of the company were exchanged, compared to its average volume of 643,668. The stock has a market cap of $2.19 billion, a PE ratio of 6.40 and a beta of 1.75. The Carlyle Group has a 1-year low of $21.75 and a 1-year high of $22.05. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.86 and a quick ratio of 0.71.
The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Tuesday, May 1st. The financial services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.16. The Carlyle Group had a return on equity of 41.26% and a net margin of 6.16%. The business had revenue of $702.80 million for the quarter, compared to analysts’ expectations of $563.57 million. During the same quarter in the previous year, the firm posted $1.09 earnings per share. The company’s revenue was down 37.3% compared to the same quarter last year. research analysts anticipate that The Carlyle Group will post 2.28 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 17th. Investors of record on Friday, May 11th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend is Thursday, May 10th. The Carlyle Group’s dividend payout ratio (DPR) is 31.12%.
In related news, CAO Pamela L. Bentley sold 9,396 shares of the business’s stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $20.10, for a total value of $188,859.60. Following the transaction, the chief accounting officer now owns 150,764 shares in the company, valued at $3,030,356.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
CG has been the topic of a number of research analyst reports. Citigroup upgraded The Carlyle Group from a “neutral” rating to a “buy” rating and set a $28.50 target price on the stock in a report on Monday, March 12th. Oppenheimer set a $33.00 target price on The Carlyle Group and gave the company a “buy” rating in a report on Tuesday, May 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $28.00 target price on shares of The Carlyle Group in a report on Thursday, April 12th. BidaskClub cut The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Finally, Morgan Stanley set a $34.00 price objective on The Carlyle Group and gave the stock a “buy” rating in a research note on Thursday, March 1st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $28.40.
About The Carlyle Group
The Carlyle Group LP is an investment firm specializing in direct and fund of fund investments in Fintech sector. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.
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