Alps Advisors Inc. lifted its holdings in The Carlyle Group LP (NASDAQ:CG) by 560.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,300 shares of the financial services provider’s stock after buying an additional 130,100 shares during the period. Alps Advisors Inc. owned approximately 0.14% of The Carlyle Group worth $3,919,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of CG. JPMorgan Chase & Co. raised its stake in The Carlyle Group by 390.1% during the second quarter. JPMorgan Chase & Co. now owns 4,290,208 shares of the financial services provider’s stock worth $95,157,000 after purchasing an additional 3,414,772 shares during the period. Bank of Montreal Can raised its stake in The Carlyle Group by 38.6% during the second quarter. Bank of Montreal Can now owns 2,288,126 shares of the financial services provider’s stock worth $51,734,000 after purchasing an additional 637,026 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in The Carlyle Group during the second quarter worth about $9,948,000. Artemis Investment Management LLP raised its stake in The Carlyle Group by 20.4% during the third quarter. Artemis Investment Management LLP now owns 2,247,512 shares of the financial services provider’s stock worth $57,148,000 after purchasing an additional 381,231 shares during the period. Finally, Tibra Equities Europe Ltd purchased a new position in The Carlyle Group during the third quarter worth about $5,744,000. 44.90% of the stock is currently owned by institutional investors.
The Carlyle Group stock opened at $27.39 on Friday. The company’s 50 day simple moving average is $26.51 and its 200-day simple moving average is $23.40. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 10.41 and a beta of 1.72. The Carlyle Group LP has a 1 year low of $15.09 and a 1 year high of $28.20. The company has a debt-to-equity ratio of 1.97, a quick ratio of 2.90 and a current ratio of 2.90.
The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $527.80 million during the quarter, compared to analysts’ expectations of $514.55 million. The Carlyle Group had a net margin of 16.19% and a return on equity of 4.48%. The business’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 earnings per share. Equities analysts expect that The Carlyle Group LP will post 1.66 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Investors of record on Tuesday, November 12th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date is Friday, November 8th. The Carlyle Group’s dividend payout ratio (DPR) is currently 65.40%.
A number of equities analysts have commented on the stock. National Bank Financial lifted their target price on shares of The Carlyle Group from $14.50 to $15.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. ValuEngine downgraded shares of The Carlyle Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. CSFB reduced their price target on shares of The Carlyle Group from $14.50 to $13.00 in a research note on Thursday, October 31st. TD Securities reduced their price target on shares of The Carlyle Group from $14.50 to $14.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, Barclays set a $28.00 price target on shares of The Carlyle Group and gave the company a “hold” rating in a research note on Friday, November 1st. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The Carlyle Group presently has an average rating of “Buy” and an average target price of $20.34.
In related news, CAO Pamela L. Bentley sold 20,000 shares of The Carlyle Group stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $26.69, for a total value of $533,800.00. Following the completion of the transaction, the chief accounting officer now owns 113,660 shares in the company, valued at $3,033,585.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
About The Carlyle Group
The Carlyle Group L.P. 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.
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