Deutsche Bank AG boosted its holdings in The Carlyle Group LP (NASDAQ:CG) by 41.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,106,437 shares of the financial services provider’s stock after buying an additional 617,512 shares during the quarter. Deutsche Bank AG’s holdings in The Carlyle Group were worth $48,237,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of CG. Renaissance Technologies LLC raised its holdings in The Carlyle Group by 34.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,576,775 shares of the financial services provider’s stock valued at $36,108,000 after buying an additional 402,475 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in The Carlyle Group in the 4th quarter valued at approximately $6,163,000. Lombard Odier Asset Management Switzerland SA bought a new position in The Carlyle Group in the 4th quarter valued at approximately $5,496,000. Bamco Inc. NY raised its holdings in The Carlyle Group by 2.8% in the 3rd quarter. Bamco Inc. NY now owns 5,665,005 shares of the financial services provider’s stock valued at $133,694,000 after buying an additional 152,500 shares during the last quarter. Finally, Carnick & Kubik Group LLC bought a new position in The Carlyle Group during the 4th quarter worth approximately $2,524,000. Institutional investors and hedge funds own 40.45% of the company’s stock.
Several research analysts have issued reports on CG shares. Jefferies Group upgraded shares of The Carlyle Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $23.45 to $27.00 in a report on Wednesday, February 14th. Morgan Stanley set a $28.00 price target on shares of The Carlyle Group and gave the stock a “buy” rating in a report on Monday, December 4th. BidaskClub upgraded shares of The Carlyle Group from a “sell” rating to a “hold” rating in a report on Saturday, December 9th. TheStreet upgraded shares of The Carlyle Group from a “c” rating to a “b” rating in a report on Wednesday, February 7th. Finally, Credit Suisse Group raised their price target on shares of The Carlyle Group from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $27.65.
The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.41. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $773.13 million. The Carlyle Group had a net margin of 6.64% and a return on equity of 54.20%. During the same quarter in the previous year, the business posted $0.02 EPS. analysts expect that The Carlyle Group LP will post 2.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.32 annualized dividend and a dividend yield of 5.87%. The Carlyle Group’s dividend payout ratio is currently 54.77%.
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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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