Lalia Capital LLC Acquires Shares of 202,000 Carlyle Group Inc. $CG

Lalia Capital LLC bought a new position in shares of Carlyle Group Inc. (NASDAQ:CG – Free Report) during the 2nd quarter, Holdings Channel reports. The firm bought 202,000 shares of the financial services provider’s stock, valued at approximately $8,506,000. Carlyle Group accounts for about 4.1% of Lalia Capital LLC’s investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors have also made changes to their positions in CG. BlackRock Inc. acquired a new position in Carlyle Group during the 2nd quarter worth about $1,346,848,000. Norges Bank bought a new position in shares of Carlyle Group in the fourth quarter worth about $288,257,000. Bank of New York Mellon Corp acquired a new position in shares of Carlyle Group during the second quarter worth approximately $84,540,000. Algebris UK Ltd. bought a new stake in shares of Carlyle Group during the second quarter valued at approximately $80,729,000. Finally, State Street Corp increased its holdings in shares of Carlyle Group by 20.9% in the third quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock valued at $623,372,000 after purchasing an additional 1,720,483 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

Several research firms have issued reports on CG. Morgan Stanley set a $57.00 price objective on Carlyle Group in a report on Tuesday, July 21st. Citizens Jmp boosted their target price on Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. decreased their price target on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a research report on Thursday, August 6th. Finally, Evercore set a $51.00 target price on shares of Carlyle Group in a research report on Thursday, August 6th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.31.

Shares of Carlyle Group stock opened at $49.37 on Friday. The firm has a fifty day moving average of $45.72 and a two-hundred day moving average of $48.04. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a market capitalization of $17.59 billion, a price-to-earnings ratio of 51.43, a PEG ratio of 1.45 and a beta of 1.83. Carlyle Group Inc. has a 52 week low of $39.60 and a 52 week high of $69.85.

Carlyle Group (NASDAQ:CG – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.16. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%.The firm’s revenue was down 28.6% on a year-over-year basis. During the same period last year, the company earned $0.87 EPS. As a group, equities research analysts predict that Carlyle Group Inc. will post 3.68 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 17th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, August 17th. Carlyle Group’s payout ratio is presently 145.83%.

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.
Featured Articles

Five stocks we like better than Carlyle Group
Blueprint for a Boom: SEC Clears the Crypto Runway
Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
Advance Auto Parts Plunged, But Its Turnaround Is Still Working
Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?

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

Receive News & Ratings for Carlyle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carlyle Group and related companies with MarketBeat.com's FREE daily email newsletter.

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.

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