Janney Montgomery Scott LLC increased its position in The Carlyle Group LP (NASDAQ:CG) by 13.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,124 shares of the financial services provider’s stock after purchasing an additional 3,955 shares during the period. Janney Montgomery Scott LLC’s holdings in The Carlyle Group were worth $624,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. JOYN Advisors Inc. grew its stake in The Carlyle Group by 5.8% in the fourth quarter. JOYN Advisors Inc. now owns 11,481 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 630 shares during the period. North Star Investment Management Corp. boosted its holdings in The Carlyle Group by 7.3% in the first quarter. North Star Investment Management Corp. now owns 13,200 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 900 shares in the last quarter. Garrison Bradford & Associates Inc. boosted its holdings in The Carlyle Group by 6.6% in the fourth quarter. Garrison Bradford & Associates Inc. now owns 16,150 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 1,000 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in The Carlyle Group by 10.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 15,440 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Pennsylvania Trust Co boosted its holdings in The Carlyle Group by 11.4% in the first quarter. Pennsylvania Trust Co now owns 14,645 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 1,500 shares in the last quarter. 43.27% of the stock is currently owned by institutional investors.
Several equities research analysts have commented on the company. CIBC reissued a “hold” rating and issued a $9.00 target price on shares of The Carlyle Group in a report on Monday, April 8th. Credit Suisse Group downgraded The Carlyle Group from an “outperform” rating to a “neutral” rating and set a $22.00 target price on the stock. in a report on Tuesday. TheStreet raised The Carlyle Group from a “c” rating to a “b” rating in a report on Thursday, May 9th. BidaskClub downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Finally, Bank of America downgraded The Carlyle Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $20.00 in a report on Friday, March 29th. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $21.00.
The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $487.45 million. The Carlyle Group had a net margin of 7.60% and a return on equity of 6.82%. The company’s revenue for the quarter was up 54.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.47 earnings per share. On average, research analysts predict that The Carlyle Group LP will post 1.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Monday, May 13th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date was Friday, May 10th. The Carlyle Group’s payout ratio is currently 28.90%.
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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