599,052 Shares in Carlyle Group Inc. $CG Acquired by Azora Capital LP

Azora Capital LP acquired a new stake in Carlyle Group Inc. (NASDAQ:CG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 599,052 shares of the financial services provider’s stock, valued at approximately $30,791,000. Carlyle Group comprises approximately 1.4% of Azora Capital LP’s portfolio, making the stock its 27th biggest position.

Other large investors have also recently made changes to their positions in the company. Stamos Capital Partners L.P. increased its stake in Carlyle Group by 61.8% in the 2nd quarter. Stamos Capital Partners L.P. now owns 14,707 shares of the financial services provider’s stock worth $756,000 after buying an additional 5,618 shares during the period. iSAM Funds UK Ltd increased its position in shares of Carlyle Group by 177.0% during the second quarter. iSAM Funds UK Ltd now owns 20,815 shares of the financial services provider’s stock worth $1,070,000 after acquiring an additional 13,300 shares during the period. State Street Corp boosted its holdings in shares of Carlyle Group by 4.8% in the second quarter. State Street Corp now owns 8,221,652 shares of the financial services provider’s stock valued at $422,593,000 after purchasing an additional 378,455 shares during the period. Daiwa Securities Group Inc. grew its stake in Carlyle Group by 2.7% in the second quarter. Daiwa Securities Group Inc. now owns 19,173 shares of the financial services provider’s stock worth $985,000 after purchasing an additional 500 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new position in Carlyle Group during the 2nd quarter worth $1,258,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CG shares. Evercore ISI dropped their price target on Carlyle Group from $64.00 to $57.00 and set an “in-line” rating on the stock in a research report on Monday, November 3rd. Jefferies Financial Group raised their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. dropped their price objective on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. JMP Securities boosted their price objective on shares of Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a research note on Thursday, August 14th. Finally, TD Cowen dropped their target price on Carlyle Group from $78.00 to $77.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $66.00.

Carlyle Group Stock Performance

CG opened at $57.64 on Wednesday. The firm’s 50-day moving average price is $55.90 and its 200-day moving average price is $57.29. The company has a market cap of $20.77 billion, a P/E ratio of 32.20, a price-to-earnings-growth ratio of 1.41 and a beta of 2.06. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 1.78. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $69.85.

Carlyle Group (NASDAQ:CG) last released its earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share for the quarter, hitting the consensus estimate of $0.98. The company had revenue of $782.50 million for the quarter, compared to the consensus estimate of $848.51 million. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. During the same quarter in the previous year, the firm earned $0.95 EPS. As a group, equities analysts anticipate that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Monday, November 10th were paid a $0.35 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.40 dividend on an annualized basis and a yield of 2.4%. Carlyle Group’s dividend payout ratio (DPR) is 78.21%.

Carlyle Group Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. 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.