The Carlyle Group L.P. (NASDAQ:CG) Director Edward J. Mathias sold 6,593 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $140,101.25. Following the sale, the director now owns 34,114 shares in the company, valued at approximately $724,922.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of The Carlyle Group L.P. (CG) traded up 3.43% on Friday, hitting $21.10. The stock had a trading volume of 1,157,191 shares. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 49.41 and a beta of 1.83. The company has a 50-day moving average of $20.37 and a 200 day moving average of $17.78. The Carlyle Group L.P. has a 52 week low of $14.35 and a 52 week high of $22.13.
The Carlyle Group L.P. (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.37. The company had revenue of $908.40 million during the quarter, compared to the consensus estimate of $696.36 million. The Carlyle Group L.P. had a return on equity of 41.32% and a net margin of 4.13%. During the same period last year, the business posted $0.35 earnings per share. On average, equities research analysts predict that The Carlyle Group L.P. will post $2.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 14th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 7.96%. This is a positive change from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, August 10th. The Carlyle Group L.P.’s dividend payout ratio is 128.24%.
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A number of institutional investors have recently made changes to their positions in CG. FMR LLC raised its position 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 last quarter. ING Groep NV bought a new position in The Carlyle Group L.P. during the first quarter worth approximately $7,613,000. Artemis Investment Management LLP raised its position in The Carlyle Group L.P. by 16.5% in the second quarter. Artemis Investment Management LLP now owns 3,163,828 shares of the financial services provider’s stock worth $62,562,000 after buying an additional 447,498 shares during the last quarter. Wells Fargo & Company MN raised its position in The Carlyle Group L.P. by 101.4% in the second quarter. Wells Fargo & Company MN now owns 775,466 shares of the financial services provider’s stock worth $15,316,000 after buying an additional 390,337 shares during the last quarter. Finally, Coronation Fund Managers Ltd. raised its position in The Carlyle Group L.P. by 39.3% in the first quarter. Coronation Fund Managers Ltd. now owns 1,326,395 shares of the financial services provider’s stock worth $21,156,000 after buying an additional 373,939 shares during the last quarter. 45.18% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the company. Oppenheimer Holdings, Inc. raised their target price on The Carlyle Group L.P. from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Bank of America Corporation raised The Carlyle Group L.P. from a “neutral” rating to a “buy” rating in a research report on Thursday, June 8th. Zacks Investment Research raised The Carlyle Group L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, July 5th. Keefe, Bruyette & Woods raised The Carlyle Group L.P. from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $17.50 to $20.00 in a research report on Thursday, May 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $21.00 price target (up previously from $20.00) on shares of The Carlyle Group L.P. in a research report on Monday, July 10th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $21.81.
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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