DnB Asset Management AS Raises Stake in The Carlyle Group LP (CG)

DnB Asset Management AS increased its position in The Carlyle Group LP (NASDAQ:CG) by 69.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,100 shares of the financial services provider’s stock after buying an additional 61,800 shares during the period. DnB Asset Management AS’s holdings in The Carlyle Group were worth $3,460,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bamco Inc. NY grew its stake in shares of 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 period. Goldman Sachs Group Inc. grew its stake in shares of The Carlyle Group by 29.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,981,876 shares of the financial services provider’s stock valued at $39,142,000 after buying an additional 448,150 shares during the period. FMR LLC grew its stake in shares of The Carlyle Group by 201.6% in the 2nd quarter. FMR LLC now owns 1,901,705 shares of the financial services provider’s stock valued at $37,559,000 after buying an additional 1,271,205 shares during the period. JPMorgan Chase & Co. grew its stake in shares of The Carlyle Group by 32.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 979,761 shares of the financial services provider’s stock valued at $19,351,000 after buying an additional 238,120 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of The Carlyle Group by 12.6% in the 3rd quarter. Wells Fargo & Company MN now owns 873,412 shares of the financial services provider’s stock valued at $20,612,000 after buying an additional 97,946 shares during the period. Institutional investors own 38.01% of the company’s stock.

In other The Carlyle Group news, Director Edward J. Mathias sold 17,133 shares of The Carlyle Group stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $21.21, for a total transaction of $363,390.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

The Carlyle Group LP (CG) opened at $25.30 on Friday. The stock has a market capitalization of $8,590.00, a PE ratio of 13.90 and a beta of 1.79. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.23 and a current ratio of 1.27. The Carlyle Group LP has a 12 month low of $15.45 and a 12 month high of $25.50.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. The business had revenue of $639.90 million during the quarter, compared to the consensus estimate of $668.32 million. The Carlyle Group had a return on equity of 43.32% and a net margin of 5.43%. During the same quarter in the previous year, the business earned $0.66 EPS. equities research analysts expect that The Carlyle Group LP will post 2.93 earnings per share for the current fiscal year.

Several analysts have recently commented on CG shares. Credit Suisse Group restated a “buy” rating and issued a $26.00 target price on shares of The Carlyle Group in a research note on Friday, September 22nd. BidaskClub upgraded The Carlyle Group from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Zacks Investment Research upgraded The Carlyle Group from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, October 3rd. Morgan Stanley raised their target price on The Carlyle Group from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Thursday, October 5th. Finally, Citigroup downgraded The Carlyle Group from a “buy” rating to a “neutral” rating and set a $25.50 target price for the company. in a research note on Tuesday, October 10th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The Carlyle Group presently has a consensus rating of “Buy” and a consensus target price of $24.89.

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

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