First Trust Advisors LP purchased a new position in shares of The Carlyle Group LP (NASDAQ:CG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 293,848 shares of the financial services provider’s stock, valued at approximately $8,198,000. First Trust Advisors LP owned approximately 0.08% of The Carlyle Group as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital World Investors purchased a new position in The Carlyle Group in the first quarter valued at about $113,980,000. Artemis Investment Management LLP increased its holdings in The Carlyle Group by 4.0% in the first quarter. Artemis Investment Management LLP now owns 2,465,746 shares of the financial services provider’s stock valued at $53,444,678,000 after buying an additional 95,195 shares in the last quarter. Markel Corp increased its holdings in The Carlyle Group by 1.0% in the first quarter. Markel Corp now owns 1,222,000 shares of the financial services provider’s stock valued at $26,456,000 after buying an additional 12,000 shares in the last quarter. Deutsche Bank AG increased its holdings in The Carlyle Group by 709.6% in the first quarter. Deutsche Bank AG now owns 920,461 shares of the financial services provider’s stock valued at $19,928,000 after buying an additional 806,772 shares in the last quarter. Finally, LGT Capital Partners LTD. increased its holdings in The Carlyle Group by 59.3% in the first quarter. LGT Capital Partners LTD. now owns 788,760 shares of the financial services provider’s stock valued at $17,077,000 after buying an additional 293,760 shares in the last quarter. 23.62% of the stock is owned by hedge funds and other institutional investors.
In other The Carlyle Group news, major shareholder Carlyle Group Management L.L.C sold 2,620,000 shares of The Carlyle Group stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $118.46, for a total value of $310,365,200.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders sold 12,165,000 shares of company stock worth $784,024,400.
The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.17. The company had revenue of $582.20 million for the quarter, compared to analyst estimates of $475.52 million. The Carlyle Group had a negative net margin of 13.03% and a positive return on equity of 18.68%. The Carlyle Group’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $1.23 EPS. As a group, equities analysts predict that The Carlyle Group LP will post 1.55 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.51%. The Carlyle Group’s dividend payout ratio (DPR) is presently 58.82%.
Several analysts have recently commented on the stock. Zacks Investment Research lowered shares of The Carlyle Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Citigroup lowered shares of The Carlyle Group from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. TheStreet lowered shares of The Carlyle Group from a “c” rating to a “d” rating in a research report on Tuesday, May 5th. Keefe, Bruyette & Woods increased their price target on shares of The Carlyle Group from $30.00 to $31.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Bank of America increased their price target on shares of The Carlyle Group from $25.00 to $27.00 and gave the company an “underperform” rating in a research report on Friday, July 10th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $28.38.
The Carlyle Group Company 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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