Ameriprise Financial Inc. increased its position in The Carlyle Group LP (NASDAQ:CG) by 140.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,992 shares of the financial services provider’s stock after buying an additional 26,267 shares during the period. Ameriprise Financial Inc.’s holdings in The Carlyle Group were worth $1,062,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP lifted its position in shares of The Carlyle Group by 1,426.7% during the 2nd quarter. GSA Capital Partners LLP now owns 179,338 shares of the financial services provider’s stock worth $3,542,000 after buying an additional 167,591 shares in the last quarter. Rockefeller Financial Services Inc. bought a new stake in shares of The Carlyle Group in the 3rd quarter worth approximately $590,000. Spirit of America Management Corp NY bought a new stake in shares of The Carlyle Group in the 3rd quarter worth approximately $340,000. Bank of New York Mellon Corp raised its holdings in shares of The Carlyle Group by 21.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,001 shares of the financial services provider’s stock worth $770,000 after purchasing an additional 7,000 shares during the period. Finally, Cavalier Investments LLC bought a new stake in shares of The Carlyle Group in the 3rd quarter worth approximately $503,000. Institutional investors own 37.99% of the company’s stock.
In related news, Director Edward J. Mathias sold 17,133 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $21.21, for a total value of $363,390.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
A number of research firms recently commented on CG. BidaskClub cut shares of The Carlyle Group from a “buy” rating to a “hold” rating in a report on Saturday, January 20th. Morgan Stanley set a $28.00 target price on shares of The Carlyle Group and gave the company a “buy” rating in a report on Monday, December 4th. Credit Suisse Group reduced their price target on shares of The Carlyle Group from $26.00 to $25.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. TheStreet upgraded shares of The Carlyle Group from a “d+” rating to a “c” rating in a research report on Tuesday, October 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of The Carlyle Group from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, November 1st. Five research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.89.
Shares of The Carlyle Group LP (CG) traded down $0.30 during trading hours on Friday, reaching $25.55. 709,929 shares of the company traded hands, compared to its average volume of 613,648. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.27 and a quick ratio of 1.23. The Carlyle Group LP has a one year low of $15.45 and a one year high of $25.90. The stock has a market capitalization of $8,580.00, a price-to-earnings ratio of 14.04 and a beta of 1.70.
The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. The firm had revenue of $639.90 million during the quarter, compared to the consensus estimate of $668.32 million. The Carlyle Group had a net margin of 5.43% and a return on equity of 43.32%. During the same period in the prior year, the firm posted $0.66 earnings per share. equities analysts predict that The Carlyle Group LP will post 3.02 earnings per share for the current fiscal year.
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The Carlyle Group Company Profile
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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