The Carlyle Group LP (CG) Stake Lessened by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its position in The Carlyle Group LP (NASDAQ:CG) by 5.6% in the 4th quarter, HoldingsChannel reports. The fund owned 98,743 shares of the financial services provider’s stock after selling 5,863 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in The Carlyle Group were worth $2,261,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stelac Advisory Services LLC bought a new stake in shares of The Carlyle Group in the 3rd quarter worth $145,000. Winslow Evans & Crocker Inc. grew its stake in shares of The Carlyle Group by 950.1% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 7,876 shares of the financial services provider’s stock worth $186,000 after acquiring an additional 7,126 shares in the last quarter. Stephens Inc. AR bought a new stake in shares of The Carlyle Group in the 3rd quarter worth $208,000. Palo Capital Inc. bought a new stake in shares of The Carlyle Group in the 4th quarter worth $214,000. Finally, Kovack Advisors Inc. bought a new stake in shares of The Carlyle Group in the 4th quarter worth $224,000. Hedge funds and other institutional investors own 38.06% of the company’s stock.

In other news, Director Edward J. Mathias sold 17,133 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $21.21, for a total value of $363,390.93. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

A number of brokerages recently weighed in on CG. Morgan Stanley set a $28.00 price target on shares of The Carlyle Group and gave the stock a “buy” rating in a report on Monday, December 4th. BidaskClub downgraded shares of The Carlyle Group from a “buy” rating to a “hold” rating in a report on Saturday, January 20th. TheStreet raised shares of The Carlyle Group from a “d+” rating to a “c” rating in a report on Tuesday, October 31st. Credit Suisse Group cut their price target on shares of The Carlyle Group from $26.00 to $25.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of The Carlyle Group from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The Carlyle Group currently has an average rating of “Buy” and a consensus target price of $26.17.

Shares of The Carlyle Group LP (CG) opened at $23.65 on Thursday. The company has a market cap of $2,347.36, a PE ratio of 6.76 and a beta of 1.70. The Carlyle Group LP has a fifty-two week low of $15.45 and a fifty-two week high of $25.90. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 2.23.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.41. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $773.13 million. The Carlyle Group had a net margin of 6.64% and a return on equity of 57.22%. During the same period in the prior year, the firm earned $0.02 earnings per share. equities research analysts anticipate that The Carlyle Group LP will post 2.68 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date is Friday, February 16th. The Carlyle Group’s payout ratio is 92.95%.

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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.

Want to see what other hedge funds are holding CG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Carlyle Group LP (NASDAQ:CG).

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

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