The Carlyle Group L.P. (CG) Shares Bought by Credit Suisse AG

Credit Suisse AG raised its stake in shares of The Carlyle Group L.P. (NASDAQ:CG) by 31.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,120 shares of the financial services provider’s stock after buying an additional 32,518 shares during the period. Credit Suisse AG owned about 0.16% of The Carlyle Group L.P. worth $2,155,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CG. Loeb Partners Corp bought a new stake in The Carlyle Group L.P. during the first quarter valued at about $159,000. Cambridge Investment Research Advisors Inc. increased 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 valued at $163,000 after buying an additional 144 shares during the period. First Manhattan Co. increased 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 valued at $168,000 after buying an additional 700 shares during the period. Palo Capital Inc. bought a new stake in The Carlyle Group L.P. during the first quarter valued at about $181,000. Finally, Pinnacle Associates Ltd. bought a new stake in The Carlyle Group L.P. during the first quarter valued at about $182,000. 42.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Carlyle Group L.P. (NASDAQ:CG) traded down 1.18% during trading on Friday, hitting $20.95. The stock had a trading volume of 728,681 shares. The Carlyle Group L.P. has a 12-month low of $14.35 and a 12-month high of $22.13. The stock’s 50-day moving average is $20.62 and its 200-day moving average is $17.92. The stock has a market capitalization of $1.91 billion, a P/E ratio of 49.06 and a beta of 1.83.

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

The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 14th will be paid a $0.42 dividend. This is a boost from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. This represents a $1.68 annualized dividend and a dividend yield of 8.00%. The ex-dividend date is Thursday, August 10th. The Carlyle Group L.P.’s payout ratio is 128.24%.

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Several brokerages recently weighed in on CG. Zacks Investment Research downgraded The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC restated a “hold” rating and set a $17.00 target price on shares of The Carlyle Group L.P. in a research note on Tuesday, May 2nd. Credit Suisse Group set a $21.00 target price on The Carlyle Group L.P. and gave the company a “hold” rating in a research note on Thursday, May 4th. BidaskClub downgraded The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $25.00 price objective on shares of The Carlyle Group L.P. in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $22.78.

In related news, CFO Curtis L. Buser sold 20,968 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $445,570.00. Following the completion of the sale, the chief financial officer now directly owns 354,610 shares in the company, valued at $7,535,462.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Edward J. Mathias sold 6,593 shares of the business’s stock in a transaction that occurred on 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 $724,922.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,013 shares of company stock valued at $1,317,776.

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.

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

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