NN Investment Partners Holdings N.V. Sells 100,200 Shares of The Carlyle Group L.P. (NASDAQ:CG)

NN Investment Partners Holdings N.V. cut its position in The Carlyle Group L.P. (NASDAQ:CG) by 31.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 214,200 shares of the financial services provider’s stock after selling 100,200 shares during the period. NN Investment Partners Holdings N.V. owned 0.25% of The Carlyle Group L.P. worth $4,231,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Pennsylvania Trust Co acquired a new stake in The Carlyle Group L.P. during the second quarter worth approximately $225,000. HighTower Advisors LLC raised its position in shares of The Carlyle Group L.P. by 83.3% in the first quarter. HighTower Advisors LLC now owns 24,651 shares of the financial services provider’s stock worth $394,000 after buying an additional 11,201 shares during the last quarter. Credit Suisse AG raised its position in shares of The Carlyle Group L.P. by 31.7% in the first quarter. Credit Suisse AG now owns 135,120 shares of the financial services provider’s stock worth $2,155,000 after buying an additional 32,518 shares during the last quarter. Bank of America Corp DE raised its position in shares of The Carlyle Group L.P. by 8.6% in the first quarter. Bank of America Corp DE now owns 924,447 shares of the financial services provider’s stock worth $14,745,000 after buying an additional 73,319 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of The Carlyle Group L.P. by 4.1% in the first quarter. Oppenheimer & Co. Inc. now owns 154,989 shares of the financial services provider’s stock worth $2,472,000 after buying an additional 6,165 shares during the last quarter. 45.18% of the stock is currently owned by institutional investors.

Shares of The Carlyle Group L.P. (CG) traded up 3.43% during midday trading on Friday, hitting $21.10. 1,157,191 shares of the stock were exchanged. The Carlyle Group L.P. has a 12 month low of $14.35 and a 12 month high of $22.13. The company has a market cap of $1.92 billion, a PE ratio of 49.41 and a beta of 1.83. The stock has a 50 day moving average price of $20.32 and a 200-day moving average price of $17.75.

The Carlyle Group L.P. (NASDAQ:CG) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.37. The Carlyle Group L.P. had a net margin of 4.13% and a return on equity of 41.32%. The business had revenue of $908.40 million for the quarter, compared to analysts’ expectations of $696.36 million. During the same quarter last year, the company earned $0.35 EPS. On average, analysts predict that The Carlyle Group L.P. will post $2.81 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 14th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date of this dividend is Thursday, August 10th. This is a positive change from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. The Carlyle Group L.P.’s dividend payout ratio is currently 30.53%.

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Several research analysts have issued reports on the company. Credit Suisse Group upgraded The Carlyle Group L.P. from a “neutral” rating to an “outperform” rating and set a $23.00 target price for the company in a research report on Thursday, May 11th. Zacks Investment Research raised shares of The Carlyle Group L.P. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Thursday, June 1st. Bank of America Corporation raised shares of The Carlyle Group L.P. from a “neutral” rating to a “buy” rating in a research note on Thursday, June 8th. TheStreet raised shares of The Carlyle Group L.P. from a “d” rating to a “c-” rating in a research note on Wednesday, August 2nd. Finally, Oppenheimer Holdings, Inc. lifted their price target on shares of The Carlyle Group L.P. from $28.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Four research 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 price target of $21.81.

In other news, insider Pamela L. Bentley sold 17,760 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction 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 SEC, which is accessible through the SEC website. Also, Director Edward J. Mathias sold 6,593 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $140,101.25. Following the transaction, the director now owns 34,114 shares of the company’s stock, valued at approximately $724,922.50. The disclosure for this sale can be found here. Insiders sold a total of 62,013 shares of company stock valued at $1,317,776 in the last quarter.

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.

Institutional Ownership by Quarter for The Carlyle Group L.P. (NASDAQ:CG)

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