Allstate Corp Takes Position in The Carlyle Group Inc. (NASDAQ:CG)

Allstate Corp acquired a new position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,691 shares of the financial services provider's stock, valued at approximately $338,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Citigroup Inc. grew its position in shares of The Carlyle Group by 25.9% during the third quarter. Citigroup Inc. now owns 86,749 shares of the financial services provider's stock worth $3,735,000 after acquiring an additional 17,838 shares during the last quarter. Verition Fund Management LLC bought a new position in The Carlyle Group in the 3rd quarter worth about $316,000. Paloma Partners Management Co bought a new stake in shares of The Carlyle Group during the third quarter valued at approximately $562,000. Benjamin Edwards Inc. boosted its position in shares of The Carlyle Group by 2,584.2% during the third quarter. Benjamin Edwards Inc. now owns 18,011 shares of the financial services provider's stock worth $775,000 after buying an additional 17,340 shares during the period. Finally, Centiva Capital LP bought a new position in The Carlyle Group in the 3rd quarter worth approximately $854,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Trading Up 2.9 %

NASDAQ CG traded up $1.03 on Monday, hitting $36.92. 7,113,923 shares of the company were exchanged, compared to its average volume of 2,432,591. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $57.50. The firm has a market capitalization of $13.34 billion, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 0.98 and a beta of 1.72. The company's 50 day moving average price is $47.43 and its 200-day moving average price is $49.56.

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The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. Analysts predict that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.79%. The ex-dividend date was Friday, February 21st. The Carlyle Group's payout ratio is 50.36%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Evercore ISI increased their price target on The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. Wolfe Research upgraded shares of The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price for the company in a research report on Friday, January 3rd. Bank of America dropped their price target on shares of The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating on the stock in a research report on Friday. Wells Fargo & Company lowered their price objective on shares of The Carlyle Group from $54.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 20th. Finally, Oppenheimer downgraded The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, The Carlyle Group presently has a consensus rating of "Hold" and a consensus target price of $53.25.

The Carlyle Group Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. 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.