The Carlyle Group LP (NASDAQ:CG) Shares Purchased by Schafer Cullen Capital Management Inc

Schafer Cullen Capital Management Inc boosted its position in The Carlyle Group LP (NASDAQ:CG) by 37.9% in the 2nd quarter, Holdings Channel reports. The firm owned 19,790 shares of the financial services provider’s stock after acquiring an additional 5,440 shares during the quarter. Schafer Cullen Capital Management Inc’s holdings in The Carlyle Group were worth $476,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arlington Partners LLC acquired a new position in The Carlyle Group in the 2nd quarter valued at $41,000. Stockman Wealth Management Inc. acquired a new position in The Carlyle Group in the 1st quarter valued at $183,000. Element Pointe Advisors LLC acquired a new position in The Carlyle Group in the 2nd quarter valued at $207,000. BigSur Wealth Management LLC acquired a new position in The Carlyle Group in the 2nd quarter valued at $231,000. Finally, North Star Investment Management Corp. raised its stake in The Carlyle Group by 7.3% in the 1st quarter. North Star Investment Management Corp. now owns 13,200 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 900 shares during the last quarter. 41.16% of the stock is owned by hedge funds and other institutional investors.

In other The Carlyle Group news, major shareholder Carlyle Group Management L.L.C sold 800,000 shares of The Carlyle Group stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $110.74, for a total value of $88,592,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Christopher Finn sold 55,138 shares of The Carlyle Group stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $22.85, for a total value of $1,259,903.30. Following the completion of the transaction, the chief operating officer now owns 310,968 shares in the company, valued at $7,105,618.80. The disclosure for this sale can be found here. Insiders have sold a total of 994,829 shares of company stock worth $93,013,243 in the last 90 days.

Several analysts have issued reports on CG shares. Credit Suisse Group cut The Carlyle Group from an “outperform” rating to a “neutral” rating and set a $22.00 target price for the company. in a report on Tuesday, May 21st. ValuEngine raised The Carlyle Group from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. BidaskClub lowered The Carlyle Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Raymond James reissued a “buy” rating and set a $10.00 target price on shares of The Carlyle Group in a research report on Monday, June 3rd. Finally, Barclays initiated coverage on The Carlyle Group in a research report on Monday, August 5th. They set an “equal weight” rating and a $25.00 target price on the stock. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The Carlyle Group currently has a consensus rating of “Hold” and a consensus price target of $19.08.

NASDAQ:CG traded down $1.14 during mid-day trading on Friday, reaching $22.50. 827,865 shares of the stock were exchanged, compared to its average volume of 1,485,632. The company has a 50 day moving average of $23.42. The firm has a market capitalization of $2.60 billion, a PE ratio of 8.56 and a beta of 1.67. The company has a debt-to-equity ratio of 1.96, a current ratio of 2.72 and a quick ratio of 2.72. The Carlyle Group LP has a 1 year low of $15.09 and a 1 year high of $25.99.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The firm had revenue of $550.70 million for the quarter, compared to the consensus estimate of $496.69 million. The Carlyle Group had a return on equity of 6.07% and a net margin of 12.74%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. Sell-side analysts expect that The Carlyle Group LP will post 1.65 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 12th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 7.64%. The ex-dividend date of this dividend is Friday, August 9th. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.19. The Carlyle Group’s dividend payout ratio (DPR) is currently 28.90%.

About The Carlyle Group

The Carlyle Group L.P. is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.

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

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