Azora Capital LP Has $67.47 Million Stake in Carlyle Group Inc. $CG

Azora Capital LP grew its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 79.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,076,083 shares of the financial services provider’s stock after acquiring an additional 477,031 shares during the quarter. Carlyle Group accounts for 3.1% of Azora Capital LP’s holdings, making the stock its 10th biggest position. Azora Capital LP owned approximately 0.30% of Carlyle Group worth $67,470,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Generali Asset Management SPA SGR bought a new stake in Carlyle Group during the 3rd quarter worth about $1,913,000. Fifth Third Bancorp grew its holdings in shares of Carlyle Group by 28.7% in the 3rd quarter. Fifth Third Bancorp now owns 107,198 shares of the financial services provider’s stock valued at $6,721,000 after acquiring an additional 23,901 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Carlyle Group by 16.3% in the third quarter. New York State Common Retirement Fund now owns 207,395 shares of the financial services provider’s stock valued at $13,004,000 after acquiring an additional 29,000 shares during the last quarter. Onyx Bridge Wealth Group LLC bought a new stake in Carlyle Group during the third quarter worth about $1,564,000. Finally, Vanguard Group Inc. boosted its position in Carlyle Group by 2.9% during the third quarter. Vanguard Group Inc. now owns 25,434,009 shares of the financial services provider’s stock valued at $1,594,712,000 after purchasing an additional 714,428 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Price Performance

NASDAQ:CG opened at $45.64 on Friday. The company has a market cap of $16.48 billion, a P/E ratio of 20.94, a P/E/G ratio of 0.88 and a beta of 2.07. The firm’s fifty day moving average price is $57.14 and its two-hundred day moving average price is $58.48. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.33 and a quick ratio of 2.33.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s quarterly revenue was up 84.1% compared to the same quarter last year. Equities analysts expect that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. Carlyle Group’s dividend payout ratio (DPR) is 64.22%.

Analyst Upgrades and Downgrades

CG has been the topic of a number of analyst reports. Barclays dropped their price objective on Carlyle Group from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, January 21st. JPMorgan Chase & Co. increased their price target on shares of Carlyle Group from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Evercore boosted their price objective on shares of Carlyle Group from $57.00 to $62.00 and gave the stock an “in-line” rating in a research note on Thursday, January 22nd. Finally, Morgan Stanley set a $71.00 price target on Carlyle Group in a report on Tuesday, January 27th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Carlyle Group presently has an average rating of “Hold” and a consensus price target of $65.36.

Carlyle Group Company 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.