Harvest Capital Strategies LLC purchased a new position in shares of The Carlyle Group LP (NASDAQ:CG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 465,200 shares of the financial services provider’s stock, valued at approximately $10,653,000. The Carlyle Group accounts for about 1.8% of Harvest Capital Strategies LLC’s investment portfolio, making the stock its 15th biggest position. Harvest Capital Strategies LLC owned about 0.46% of The Carlyle Group as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG increased its position in The Carlyle Group by 41.5% in the 4th quarter. Deutsche Bank AG now owns 2,106,437 shares of the financial services provider’s stock valued at $48,237,000 after acquiring an additional 617,512 shares during the period. Renaissance Technologies LLC increased its position in The Carlyle Group by 34.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,576,775 shares of the financial services provider’s stock valued at $36,108,000 after acquiring an additional 402,475 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in The Carlyle Group in the 4th quarter valued at approximately $6,163,000. Lombard Odier Asset Management Switzerland SA acquired a new stake in The Carlyle Group in the 4th quarter valued at approximately $5,496,000. Finally, Bamco Inc. NY increased its position in The Carlyle Group by 2.8% in the 3rd quarter. Bamco Inc. NY now owns 5,665,005 shares of the financial services provider’s stock valued at $133,694,000 after acquiring an additional 152,500 shares during the period. Institutional investors and hedge funds own 40.45% of the company’s stock.
Several analysts recently commented on the company. BidaskClub upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday, December 9th. Citigroup upgraded The Carlyle Group from a “neutral” rating to a “buy” rating and set a $28.50 target price on the stock in a research report on Monday. TheStreet upgraded The Carlyle Group from a “c” rating to a “b” rating in a research report on Wednesday, February 7th. Credit Suisse Group increased their price target on The Carlyle Group from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Bank of America increased their price target on The Carlyle Group from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The Carlyle Group has a consensus rating of “Buy” and an average price target of $27.65.
The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.41. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $773.13 million. The Carlyle Group had a return on equity of 54.20% and a net margin of 6.64%. During the same period last year, the company posted $0.02 EPS. equities research analysts predict that The Carlyle Group LP will post 2.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 5.76%. The ex-dividend date was Friday, February 16th. The Carlyle Group’s dividend payout ratio is presently 54.77%.
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About The Carlyle Group
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.
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