Algebris UK Ltd. Invests $50.46 Million in Carlyle Group Inc. $CG

Algebris UK Ltd. acquired a new position in Carlyle Group Inc. (NASDAQ:CG) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 853,254 shares of the financial services provider’s stock, valued at approximately $50,459,000. Carlyle Group comprises 2.4% of Algebris UK Ltd.’s holdings, making the stock its 5th biggest holding.

A number of other hedge funds have also recently made changes to their positions in CG. State Street Corp lifted its position in shares of Carlyle Group by 20.9% in the third quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock worth $623,372,000 after buying an additional 1,720,483 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Carlyle Group in the third quarter worth about $75,612,000. Vanguard Group Inc. lifted its position in shares of Carlyle Group by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after buying an additional 934,237 shares in the last quarter. Moore Capital Management LP purchased a new stake in shares of Carlyle Group in the third quarter worth about $42,014,000. Finally, Azora Capital LP lifted its position in shares of Carlyle Group by 79.6% in the third quarter. Azora Capital LP now owns 1,076,083 shares of the financial services provider’s stock worth $67,470,000 after buying an additional 477,031 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings downgraded Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Cfra downgraded Carlyle Group to a “sell” rating and set a $45.00 target price on the stock. in a research report on Friday, May 8th. Morgan Stanley decreased their target price on Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. UBS Group decreased their target price on Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Barclays decreased their price objective on Carlyle Group from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Friday, May 8th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.00.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the transaction, the director owned 27,399,644 shares of the company’s stock, valued at approximately $1,279,015,381.92. This represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 26.30% of the company’s stock.

Carlyle Group Trading Down 0.4%

Shares of CG stock opened at $45.32 on Thursday. Carlyle Group Inc. has a 1 year low of $43.19 and a 1 year high of $69.85. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.55 and a quick ratio of 2.55. The stock’s 50 day simple moving average is $48.39 and its two-hundred day simple moving average is $53.96. The company has a market cap of $16.31 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 1.55 and a beta of 1.89.

Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). The business had revenue of $750.90 million for the quarter, compared to the consensus estimate of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The company’s quarterly revenue was down 28.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.14 EPS. Research analysts predict that Carlyle Group Inc. will post 4.04 earnings per share for the current year.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. Carlyle Group’s dividend payout ratio is currently 95.89%.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.