33,483 Shares in The Carlyle Group L.P. (CG) Acquired by Verity Asset Management Inc.

Verity Asset Management Inc. acquired a new position in The Carlyle Group L.P. (NASDAQ:CG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 33,483 shares of the financial services provider’s stock, valued at approximately $661,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CG. Ameriprise Financial Inc. grew its stake in shares of The Carlyle Group L.P. by 19.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 18,725 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 2,999 shares during the period. Wells Fargo & Company MN grew its stake in shares of The Carlyle Group L.P. by 101.4% during the 2nd quarter. Wells Fargo & Company MN now owns 775,466 shares of the financial services provider’s stock valued at $15,316,000 after purchasing an additional 390,337 shares during the period. JPMorgan Chase & Co. grew its stake in shares of The Carlyle Group L.P. by 32.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 979,761 shares of the financial services provider’s stock valued at $19,351,000 after purchasing an additional 238,120 shares during the period. Artemis Investment Management LLP grew its stake in shares of The Carlyle Group L.P. by 16.5% during the 2nd quarter. Artemis Investment Management LLP now owns 3,163,828 shares of the financial services provider’s stock valued at $62,562,000 after purchasing an additional 447,498 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its stake in shares of The Carlyle Group L.P. by 2,205.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 4,875 shares during the period. Institutional investors own 40.64% of the company’s stock.

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CG has been the subject of a number of recent research reports. 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. ValuEngine upgraded The Carlyle Group L.P. from a “buy” rating to a “strong-buy” rating in a research note on Friday. BidaskClub downgraded The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Keefe, Bruyette & Woods restated a “buy” rating and set a $25.00 price target on shares of The Carlyle Group L.P. in a research note on Wednesday, August 16th. Finally, Morgan Stanley restated an “overweight” rating and set a $21.00 price target (up from $20.00) on shares of The Carlyle Group L.P. in a research note on Monday, July 10th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The Carlyle Group L.P. has a consensus rating of “Buy” and a consensus price target of $22.78.

The Carlyle Group L.P. (NASDAQ:CG) traded up 0.86% on Friday, hitting $23.55. The stock had a trading volume of 1,621,241 shares. The Carlyle Group L.P. has a 12 month low of $14.35 and a 12 month high of $23.90. The stock has a market cap of $2.14 billion, a P/E ratio of 55.15 and a beta of 1.81. The company’s 50 day moving average is $21.21 and its 200-day moving average is $18.57.

The Carlyle Group L.P. (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.37. The business had revenue of $908.40 million for the quarter, compared to analyst estimates 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 in the prior year, the company earned $0.35 earnings per share. Analysts forecast that The Carlyle Group L.P. will post $2.82 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 14th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 7.13%. This is a positive change from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, August 10th. The Carlyle Group L.P.’s dividend payout ratio (DPR) is 128.24%.

In related news, Director Edward J. Mathias sold 6,593 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total transaction of $140,101.25. Following the sale, the director now directly owns 34,114 shares of the company’s stock, valued at $724,922.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Jeffrey W. Ferguson sold 16,692 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total value of $354,705.00. Following the sale, the general counsel now directly owns 161,956 shares in the company, valued at $3,441,565. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,013 shares of company stock worth $1,317,776.

The Carlyle Group L.P. 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 L.P. (NASDAQ:CG)

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