The Carlyle Group L.P. (NASDAQ:CG) insider Pamela L. Bentley sold 17,760 shares of The Carlyle Group L.P. stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $377,400.00. Following the completion of the transaction, the insider now owns 143,942 shares in the company, valued at approximately $3,058,767.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of The Carlyle Group L.P. (NASDAQ CG) traded up 3.43% during trading on Friday, hitting $21.10. The stock had a trading volume of 1,157,191 shares. The stock’s 50 day moving average is $20.37 and its 200-day moving average is $17.78. The company has a market cap of $1.92 billion, a PE ratio of 49.41 and a beta of 1.83. The Carlyle Group L.P. has a 12-month low of $14.35 and a 12-month high of $22.13.
The Carlyle Group L.P. (NASDAQ:CG) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.37. The firm had revenue of $908.40 million for the quarter, compared to the consensus estimate of $696.36 million. The Carlyle Group L.P. had a net margin of 4.13% and a return on equity of 41.32%. During the same period in the prior year, the business posted $0.35 earnings per share. Analysts forecast that The Carlyle Group L.P. will post $2.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 14th will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 7.96%. This is an increase from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, August 10th. The Carlyle Group L.P.’s dividend payout ratio is presently 128.24%.
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Institutional investors have recently bought and sold shares of the company. Veritable L.P. increased its position in The Carlyle Group L.P. by 16.8% in the second quarter. Veritable L.P. now owns 13,613 shares of the financial services provider’s stock valued at $269,000 after buying an additional 1,963 shares during the last quarter. Virtu KCG Holdings LLC purchased a new stake in The Carlyle Group L.P. during the second quarter worth about $223,000. FMR LLC boosted its stake in The Carlyle Group L.P. by 201.6% in the second quarter. FMR LLC now owns 1,901,705 shares of the financial services provider’s stock worth $37,559,000 after buying an additional 1,271,205 shares during the period. GSA Capital Partners LLP boosted its stake in The Carlyle Group L.P. by 1,426.7% in the second 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 during the period. Finally, Pathstone Family Office LLC boosted its stake in The Carlyle Group L.P. by 1,660.0% in the second quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock worth $173,000 after buying an additional 8,300 shares during the period. 45.18% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the company. Morgan Stanley raised their price target on The Carlyle Group L.P. from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Tuesday. TheStreet raised The Carlyle Group L.P. from a “d” rating to a “c-” rating in a report on Wednesday, August 2nd. ValuEngine raised The Carlyle Group L.P. from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Deutsche Bank AG lifted their target price on The Carlyle Group L.P. from $19.00 to $20.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, BidaskClub raised The Carlyle Group L.P. from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Four equities research 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’s stock. The Carlyle Group L.P. has a consensus rating of “Buy” and a consensus target price of $21.81.
The Carlyle Group L.P. 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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