Ameriprise Financial Inc. Acquires 2,999 Shares of The Carlyle Group L.P. (CG)

Ameriprise Financial Inc. boosted its holdings in The Carlyle Group L.P. (NASDAQ:CG) by 19.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,725 shares of the financial services provider’s stock after buying an additional 2,999 shares during the period. Ameriprise Financial Inc.’s holdings in The Carlyle Group L.P. were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in shares of The Carlyle Group L.P. by 88.2% during the 1st quarter. Bank of New York Mellon Corp now owns 32,001 shares of the financial services provider’s stock valued at $510,000 after purchasing an additional 15,000 shares in the last quarter. California Public Employees Retirement System grew its position in shares of The Carlyle Group L.P. by 6.2% during the 1st quarter. California Public Employees Retirement System now owns 97,300 shares of the financial services provider’s stock valued at $1,552,000 after purchasing an additional 5,700 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of The Carlyle Group L.P. by 104.3% during the 1st quarter. Renaissance Technologies LLC now owns 225,590 shares of the financial services provider’s stock valued at $3,598,000 after purchasing an additional 115,190 shares in the last quarter. Credit Suisse AG grew its position in shares of The Carlyle Group L.P. by 31.7% during the 1st quarter. Credit Suisse AG now owns 135,120 shares of the financial services provider’s stock valued at $2,155,000 after purchasing an additional 32,518 shares in the last quarter. Finally, Creative Planning grew its position in shares of The Carlyle Group L.P. by 5.9% during the 2nd quarter. Creative Planning now owns 34,958 shares of the financial services provider’s stock valued at $690,000 after purchasing an additional 1,950 shares in the last quarter. Institutional investors and hedge funds own 36.76% of the company’s stock.

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Shares of The Carlyle Group L.P. (NASDAQ:CG) opened at $20.65 on Wednesday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.27 and a quick ratio of 1.23. The firm has a market cap of $2,071.04, a price-to-earnings ratio of 8.54 and a beta of 1.84. The Carlyle Group L.P. has a one year low of $14.85 and a one year high of $24.85.

The Carlyle Group L.P. (NASDAQ:CG) last posted its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate 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 L.P. had a net margin of 5.43% and a return on equity of 43.32%. During the same period in the previous year, the firm posted $0.66 earnings per share. equities analysts anticipate that The Carlyle Group L.P. will post 2.85 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Friday, November 10th will be paid a $0.56 dividend. The ex-dividend date of this dividend is Thursday, November 9th. This is an increase from The Carlyle Group L.P.’s previous quarterly dividend of $0.42. This represents a $2.24 annualized dividend and a yield of 10.85%. The Carlyle Group L.P.’s payout ratio is currently 127.27%.

A number of analysts have recently issued reports on the stock. Citigroup Inc. lifted their price objective on shares of The Carlyle Group L.P. from $24.50 to $25.50 and gave the stock a “neutral” rating in a report on Tuesday, August 15th. ValuEngine raised shares of The Carlyle Group L.P. from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. BidaskClub raised shares of The Carlyle Group L.P. from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $25.00 price objective on shares of The Carlyle Group L.P. in a report on Wednesday, August 16th. Finally, Morgan Stanley lifted their price objective on shares of The Carlyle Group L.P. from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $24.78.

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.

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

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