Philadelphia Financial Management of San Francisco LLC Has $10.50 Million Position in The Carlyle Group LP (CG)

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Philadelphia Financial Management of San Francisco LLC boosted its stake in The Carlyle Group LP (NASDAQ:CG) by 15.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 666,557 shares of the financial services provider’s stock after buying an additional 88,620 shares during the period. The Carlyle Group makes up about 2.0% of Philadelphia Financial Management of San Francisco LLC’s portfolio, making the stock its 26th largest position. Philadelphia Financial Management of San Francisco LLC’s holdings in The Carlyle Group were worth $10,498,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Belpointe Asset Management LLC acquired a new stake in The Carlyle Group in the third quarter worth $101,000. JOYN Advisors Inc. grew its holdings in The Carlyle Group by 5.8% in the fourth quarter. JOYN Advisors Inc. now owns 11,481 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 630 shares during the period. Suntrust Banks Inc. grew its holdings in The Carlyle Group by 18.7% in the fourth quarter. Suntrust Banks Inc. now owns 11,227 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,770 shares during the period. North Star Investment Management Corp. grew its holdings in The Carlyle Group by 80.9% in the fourth quarter. North Star Investment Management Corp. now owns 12,300 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 5,500 shares during the period. Finally, Pennsylvania Trust Co grew its holdings in The Carlyle Group by 10.6% in the fourth quarter. Pennsylvania Trust Co now owns 13,145 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 1,260 shares during the period. Institutional investors and hedge funds own 44.64% of the company’s stock.

In related news, CFO Curtis L. Buser sold 31,200 shares of the business’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $18.55, for a total transaction of $578,760.00. Following the transaction, the chief financial officer now directly owns 641,909 shares in the company, valued at $11,907,411.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CG has been the subject of a number of analyst reports. Royal Bank of Canada reiterated an “average” rating and set a $7.00 price objective on shares of The Carlyle Group in a report on Wednesday, December 12th. Canaccord Genuity reiterated an “average” rating and set a $9.50 price objective on shares of The Carlyle Group in a report on Tuesday, January 8th. Goldman Sachs Group upgraded shares of The Carlyle Group from a “neutral” rating to a “buy” rating and set a $21.00 price objective for the company in a report on Friday, January 4th. ValuEngine upgraded shares of The Carlyle Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, Zacks Investment Research upgraded shares of The Carlyle Group from a “strong sell” rating to a “hold” rating in a report on Monday, January 14th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $22.95.

The Carlyle Group stock opened at $19.08 on Thursday. The Carlyle Group LP has a fifty-two week low of $15.09 and a fifty-two week high of $25.25. The stock has a market cap of $2.08 billion, a P/E ratio of 7.25 and a beta of 1.65. The company has a debt-to-equity ratio of 2.61, a quick ratio of 2.52 and a current ratio of 2.54.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, February 6th. The financial services provider reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.21. The Carlyle Group had a net margin of 4.56% and a return on equity of 12.27%. The business had revenue of $151.70 million for the quarter, compared to analysts’ expectations of $143.99 million. During the same period in the previous year, the company earned $1.01 earnings per share. As a group, research analysts anticipate that The Carlyle Group LP will post 2.02 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 26th. Investors of record on Tuesday, February 19th were issued a dividend of $0.43 per share. The ex-dividend date was Friday, February 15th. This is a boost from The Carlyle Group’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 9.01%. The Carlyle Group’s payout ratio is 65.40%.

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About The Carlyle Group

The Carlyle Group L.P. 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.

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Want to see what other hedge funds are holding CG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Carlyle Group LP (NASDAQ:CG).

Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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