M&T Bank Corp boosted its holdings in shares of The Carlyle Group (NASDAQ:CG) by 12.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,825 shares of the financial services provider’s stock after buying an additional 5,000 shares during the quarter. M&T Bank Corp’s holdings in The Carlyle Group were worth $936,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Alkeon Capital Management LLC acquired a new stake in shares of The Carlyle Group in the 4th quarter valued at $17,318,000. Bramshill Investments LLC raised its holdings in shares of The Carlyle Group by 4.2% in the 4th quarter. Bramshill Investments LLC now owns 171,626 shares of the financial services provider’s stock valued at $3,930,000 after purchasing an additional 6,896 shares in the last quarter. Slow Capital Inc. acquired a new stake in shares of The Carlyle Group in the 4th quarter valued at $1,818,000. EnTrustPermal Partners Offshore LP acquired a new stake in shares of The Carlyle Group in the 4th quarter valued at $2,851,000. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of The Carlyle Group in the 4th quarter valued at $219,000. Institutional investors own 41.92% of the company’s stock.
In other The Carlyle Group news, CAO Pamela L. Bentley sold 9,396 shares of the firm’s stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $20.10, for a total transaction of $188,859.60. Following the transaction, the chief accounting officer now directly owns 150,764 shares of the company’s stock, valued at approximately $3,030,356.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ CG opened at $21.60 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.71 and a debt-to-equity ratio of 2.32. The firm has a market capitalization of $2.19 billion, a P/E ratio of 7.58 and a beta of 1.75. The Carlyle Group has a 12 month low of $17.15 and a 12 month high of $25.90.
The Carlyle Group (NASDAQ:CG) last posted its earnings results on Tuesday, May 1st. The financial services provider reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.16. The firm had revenue of $702.80 million for the quarter, compared to the consensus estimate of $563.57 million. The Carlyle Group had a net margin of 6.16% and a return on equity of 41.26%. The company’s revenue was down 37.3% on a year-over-year basis. During the same period last year, the firm posted $1.09 EPS. research analysts forecast that The Carlyle Group will post 2.28 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, May 17th. Investors of record on Friday, May 11th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date was Thursday, May 10th. The Carlyle Group’s dividend payout ratio (DPR) is 31.12%.
CG has been the topic of a number of analyst reports. TheStreet upgraded shares of The Carlyle Group from a “c” rating to a “b” rating in a report on Wednesday, February 7th. Bank of America raised their price objective on shares of The Carlyle Group from $30.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, March 13th. Citigroup upgraded shares of The Carlyle Group from a “neutral” rating to a “buy” rating and set a $28.50 price objective on the stock in a report on Monday, March 12th. Morgan Stanley set a $34.00 price objective on shares of The Carlyle Group and gave the company a “buy” rating in a report on Thursday, March 1st. Finally, Jefferies Group upgraded shares of The Carlyle Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $23.45 to $27.00 in a report on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $28.40.
About The Carlyle Group
The Carlyle Group LP is an investment firm specializing in direct and fund of fund investments in Fintech sector. 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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