NN Investment Partners Holdings N.V. lessened its position in shares of The Carlyle Group LP (NASDAQ:CG) by 16.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 80,650 shares of the financial services provider’s stock after selling 15,400 shares during the period. NN Investment Partners Holdings N.V.’s holdings in The Carlyle Group were worth $1,819,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC acquired a new stake in The Carlyle Group during the third quarter valued at $200,000. Westbourne Investment Advisors Inc. acquired a new stake in The Carlyle Group during the third quarter valued at $113,000. Tuttle Tactical Management acquired a new stake in The Carlyle Group during the second quarter valued at $107,000. North Star Investment Management Corp. acquired a new stake in The Carlyle Group during the second quarter valued at $145,000. Finally, Palo Capital Inc. acquired a new stake in The Carlyle Group during the second quarter valued at $214,000. Institutional investors own 39.94% of the company’s stock.
NASDAQ:CG opened at $20.13 on Tuesday. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $2.18 billion, a PE ratio of 5.80 and a beta of 1.65. The Carlyle Group LP has a twelve month low of $18.06 and a twelve month high of $25.90.
The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.24). The business had revenue of $679.10 million during the quarter, compared to analysts’ expectations of $660.04 million. The Carlyle Group had a return on equity of 26.30% and a net margin of 5.47%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. On average, research analysts anticipate that The Carlyle Group LP will post 2.08 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 13th will be paid a $0.42 dividend. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.22. This represents a $1.68 annualized dividend and a dividend yield of 8.35%. The ex-dividend date of this dividend is Friday, November 9th. The Carlyle Group’s dividend payout ratio (DPR) is currently 25.36%.
Several equities analysts have issued reports on CG shares. Oppenheimer set a $35.00 price objective on shares of The Carlyle Group and gave the company a “buy” rating in a report on Wednesday, August 1st. BidaskClub downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Saturday, September 1st. Morgan Stanley decreased their price objective on shares of The Carlyle Group from $31.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, July 12th. ValuEngine downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Finally, Zacks Investment Research downgraded shares of The Carlyle Group from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $29.00.
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The Carlyle Group Profile
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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