M&T Bank Corp Makes New Investment in Carlyle Group Inc. $CG

M&T Bank Corp acquired a new stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 69,070 shares of the financial services provider's stock, valued at approximately $4,083,000.

Other hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Carlyle Group by 8.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 114,162 shares of the financial services provider's stock valued at $6,748,000 after purchasing an additional 8,512 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Carlyle Group by 7.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 17,397 shares of the financial services provider's stock worth $1,028,000 after buying an additional 1,149 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Carlyle Group by 1.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 87,255 shares of the financial services provider's stock valued at $5,262,000 after acquiring an additional 1,422 shares during the last quarter. Merit Financial Group LLC grew its position in Carlyle Group by 13.1% during the fourth quarter. Merit Financial Group LLC now owns 3,839 shares of the financial services provider's stock valued at $227,000 after acquiring an additional 444 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Carlyle Group by 156.3% during the fourth quarter. Farther Finance Advisors LLC now owns 4,586 shares of the financial services provider's stock worth $271,000 after acquiring an additional 2,797 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $46.68, for a total value of $23,340,000.00. Following the completion of the transaction, the director directly owned 27,399,644 shares of the company's stock, valued at $1,279,015,381.92. This represents a 1.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 26.30% of the stock is owned by corporate insiders.

Carlyle Group Stock Performance

Carlyle Group stock opened at $48.38 on Monday. The firm has a market capitalization of $17.47 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.04 and a beta of 2.05. Carlyle Group Inc. has a one year low of $37.34 and a one year high of $69.85. The stock's 50 day moving average price is $49.49 and its 200 day moving average price is $55.00. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.33 and a current ratio of 2.33.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.03). Carlyle Group had a net margin of 16.92% and a return on equity of 23.62%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the business earned $0.92 EPS. The firm's revenue was up 84.1% compared to the same quarter last year. As a group, sell-side analysts expect that Carlyle Group Inc. will post 4.41 EPS for the current fiscal year.

Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 16th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 annualized dividend and a yield of 2.9%. Carlyle Group's payout ratio is 64.22%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CG shares. Morgan Stanley reduced their price objective on Carlyle Group from $71.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 21st. BMO Capital Markets cut their price target on shares of Carlyle Group from $65.00 to $58.00 and set an "outperform" rating on the stock in a report on Tuesday, March 24th. Evercore set a $56.00 price objective on shares of Carlyle Group in a research note on Tuesday, April 21st. Barclays cut their target price on shares of Carlyle Group from $68.00 to $67.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 8th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Carlyle Group in a report on Wednesday, January 21st. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $65.64.

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.

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