Philadelphia Financial Management of San Francisco LLC lifted its holdings in The Carlyle Group LP (NASDAQ:CG) by 22.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 725,986 shares of the financial services provider’s stock after acquiring an additional 134,721 shares during the quarter. The Carlyle Group comprises approximately 2.5% of Philadelphia Financial Management of San Francisco LLC’s holdings, making the stock its 18th biggest position. Philadelphia Financial Management of San Francisco LLC’s holdings in The Carlyle Group were worth $16,625,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. increased its stake in The Carlyle Group by 19.1% in the second quarter. Ameriprise Financial Inc. now owns 18,725 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 2,999 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of The Carlyle Group by 1,318.0% during the third quarter. Bessemer Group Inc. now owns 42,539 shares of the financial services provider’s stock worth $1,004,000 after purchasing an additional 39,539 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in The Carlyle Group by 3,160.2% in the third quarter. BNP Paribas Arbitrage SA now owns 10,237 shares of the financial services provider’s stock worth $242,000 after buying an additional 9,923 shares during the period. Dividend Assets Capital LLC purchased a new stake in The Carlyle Group in the third quarter worth about $283,000. Finally, Lockheed Martin Investment Management Co. purchased a new stake in The Carlyle Group in the third quarter worth about $1,279,000. Hedge funds and other institutional investors own 40.45% of the company’s stock.
Shares of The Carlyle Group LP (NASDAQ CG) remained flat at $$23.00 during trading hours on Wednesday. 42,870 shares of the stock were exchanged, compared to its average volume of 712,231. The company has a market capitalization of $2,346.06, a P/E ratio of 9.50 and a beta of 1.70. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.19 and a current ratio of 1.32. The Carlyle Group LP has a 12-month low of $15.45 and a 12-month high of $25.90.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.32 annualized dividend and a dividend yield of 5.74%. The Carlyle Group’s payout ratio is presently 54.77%.
CG has been the subject of several analyst reports. BidaskClub raised shares of The Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 9th. Citigroup upgraded shares of 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. TheStreet upgraded shares of The Carlyle Group from a “c” rating to a “b” rating in a report on Wednesday, February 7th. Credit Suisse Group raised their target price on shares of The Carlyle Group from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, Bank of America lifted their price target on shares of The Carlyle Group from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.65.
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The Carlyle Group Profile
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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