Philadelphia Financial Management of San Francisco LLC grew its holdings in The Carlyle Group LP (NASDAQ:CG) by 22.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 725,986 shares of the financial services provider’s stock after purchasing an additional 134,721 shares during the quarter. The Carlyle Group comprises about 2.5% of Philadelphia Financial Management of San Francisco LLC’s investment portfolio, making the stock its 18th largest position. Philadelphia Financial Management of San Francisco LLC owned 0.73% of The Carlyle Group worth $16,625,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Pinnacle Holdings LLC bought a new stake in The Carlyle Group in the fourth quarter valued at about $103,000. Stelac Advisory Services LLC acquired a new position in shares of The Carlyle Group during the third quarter worth about $145,000. Stephens Inc. AR acquired a new position in shares of The Carlyle Group during the third quarter worth about $208,000. Palo Capital Inc. acquired a new position in The Carlyle Group during the fourth quarter valued at approximately $214,000. Finally, 180 Wealth Advisors LLC acquired a new position in The Carlyle Group during the fourth quarter valued at approximately $219,000. 40.45% of the stock is currently owned by institutional investors.
Several research firms have issued reports on CG. Citigroup upgraded The Carlyle Group from a “neutral” rating to a “buy” rating and set a $28.50 price objective on the stock in a research note on Monday. Bank of America increased their target price on The Carlyle Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday. Credit Suisse Group increased their target price on The Carlyle Group from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. TheStreet upgraded The Carlyle Group from a “c” rating to a “b” rating in a research note on Wednesday, February 7th. Finally, BidaskClub lowered The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 20th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.65.
The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.41. The Carlyle Group had a return on equity of 54.20% and a net margin of 6.64%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $773.13 million. During the same period in the previous year, the company posted $0.02 EPS. research analysts forecast that The Carlyle Group LP will post 2.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date of this dividend was Friday, February 16th. The Carlyle Group’s dividend payout ratio is currently 54.77%.
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About The Carlyle Group
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.
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