Private Wealth Partners LLC Has $326,000 Position in The Carlyle Group L.P. (NASDAQ:CG)

Private Wealth Partners LLC lowered its stake in shares of The Carlyle Group L.P. (NASDAQ:CG) by 19.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,500 shares of the financial services provider’s stock after selling 4,000 shares during the period. Private Wealth Partners LLC’s holdings in The Carlyle Group L.P. were worth $326,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in CG. Cambridge Investment Research Advisors Inc. boosted its stake in The Carlyle Group L.P. by 1.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock worth $163,000 after buying an additional 144 shares in the last quarter. First Manhattan Co. boosted its stake in The Carlyle Group L.P. by 6.9% in the first quarter. First Manhattan Co. now owns 10,830 shares of the financial services provider’s stock worth $168,000 after buying an additional 700 shares in the last quarter. Whittier Trust Co. boosted its stake in The Carlyle Group L.P. by 3.0% in the second quarter. Whittier Trust Co. now owns 42,601 shares of the financial services provider’s stock worth $841,000 after buying an additional 1,234 shares in the last quarter. Creative Planning boosted its stake in The Carlyle Group L.P. by 5.9% in the second quarter. Creative Planning now owns 34,958 shares of the financial services provider’s stock worth $690,000 after buying an additional 1,950 shares in the last quarter. Finally, Augustine Asset Management Inc. boosted its stake in The Carlyle Group L.P. by 3.1% in the first quarter. Augustine Asset Management Inc. now owns 74,399 shares of the financial services provider’s stock worth $1,186,000 after buying an additional 2,219 shares in the last quarter. Institutional investors own 45.38% of the company’s stock.

Shares of The Carlyle Group L.P. (CG) opened at 20.75 on Friday. The stock has a 50 day moving average price of $19.64 and a 200 day moving average price of $17.48. The company has a market capitalization of $1.78 billion, a PE ratio of 96.51 and a beta of 1.83. The Carlyle Group L.P. has a one year low of $14.35 and a one year high of $21.25.

The Carlyle Group L.P. (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 3rd. The financial services provider reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.71. The Carlyle Group L.P. had a net margin of 2.78% and a return on equity of 33.76%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $530.61 million. During the same quarter last year, the company posted $0.18 EPS. The firm’s revenue was up 131.9% compared to the same quarter last year. On average, equities research analysts predict that The Carlyle Group L.P. will post $2.47 earnings per share for the current year.

A number of equities research analysts have commented on the company. BidaskClub cut The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a report on Thursday. Oppenheimer Holdings, Inc. raised their price target on The Carlyle Group L.P. from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Friday, July 14th. Zacks Investment Research cut The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Morgan Stanley reissued an “overweight” rating and set a $21.00 price target (up from $20.00) on shares of The Carlyle Group L.P. in a report on Monday, July 10th. Finally, Credit Suisse Group reissued a “buy” rating and set a $23.00 price target on shares of The Carlyle Group L.P. in a report on Thursday, June 15th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $20.94.

In other news, insider Pamela L. Bentley sold 9,928 shares of The Carlyle Group L.P. stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $17.40, for a total transaction of $172,747.20. Following the completion of the sale, the insider now directly owns 161,702 shares of the company’s stock, valued at approximately $2,813,614.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

About The Carlyle Group L.P.

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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