Lalia Capital LLC Acquires New Holdings in Carlyle Group Inc. $CG

Lalia Capital LLC bought a new position in Carlyle Group Inc. (NASDAQ:CG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 202,000 shares of the financial services provider’s stock, valued at approximately $8,506,000. Carlyle Group makes up about 4.1% of Lalia Capital LLC’s portfolio, making the stock its 14th largest holding. Lalia Capital LLC owned 0.06% of Carlyle Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. bought a new stake in Carlyle Group in the second quarter worth $1,346,848,000. Vanguard Group Inc. lifted its stake 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 during the last quarter. Morgan Stanley boosted its holdings in Carlyle Group by 0.8% during the fourth quarter. Morgan Stanley now owns 10,189,948 shares of the financial services provider’s stock valued at $602,328,000 after acquiring an additional 84,228 shares during the period. State Street Corp grew its holdings in Carlyle Group by 20.9% in the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock valued at $623,372,000 after buying an additional 1,720,483 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Carlyle Group by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 4,999,880 shares of the financial services provider’s stock worth $294,817,000 after acquiring an additional 79,134 shares during 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 weighed in on CG shares. Evercore set a $51.00 target price on Carlyle Group in a research report on Thursday, August 6th. Keefe, Bruyette & Woods raised their target price on Carlyle Group from $47.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of Carlyle Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. dropped their price objective on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research note on Friday, May 8th. Finally, TD Cowen reiterated a “hold” rating on shares of Carlyle Group in a research report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Carlyle Group has a consensus rating of “Hold” and an average target price of $59.31.

Carlyle Group Price Performance

Shares of CG stock opened at $49.37 on Friday. The stock’s fifty day simple moving average is $45.72 and its 200 day simple moving average is $48.04. Carlyle Group Inc. has a one year low of $39.60 and a one year high of $69.85. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 51.43, a P/E/G ratio of 1.45 and a beta of 1.83. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. During the same period last year, the business earned $0.87 earnings per share. The business’s revenue was down 28.6% on a year-over-year basis. On average, analysts expect that Carlyle Group Inc. will post 3.68 earnings per share for the current fiscal year.

Carlyle Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, August 17th will be given a $0.35 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.40 dividend on an annualized basis and a yield of 2.8%. Carlyle Group’s payout ratio is 145.83%.

Carlyle Group Profile

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.