Today, The Carlyle Group LP (CG) Position Decreased by Trilogy Global Advisors LP

Today, The Carlyle Group LP (CG) Position Decreased by Trilogy Global Advisors LP
Trilogy Global Advisors LP decreased its stake in shares of The Carlyle Group LP (NASDAQ:CG) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,032,147 shares of the company’s stock after selling 28,552 shares during the period. Trilogy Global Advisors LP’s holdings in The Carlyle Group were worth $16,071,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Artemis Investment Management LLP increased its position in shares of The Carlyle Group by 140.8% in the second quarter. Artemis Investment Management LLP now owns 2,903,484 shares of the company’s stock worth $47,138,000 after buying an additional 1,697,847 shares during the last quarter. Coronation Fund Managers Ltd. acquired a new stake in The Carlyle Group during the second quarter worth $15,171,000. Vantage Investment Partners LLC boosted its stake in The Carlyle Group by 634.6% in the second quarter. Vantage Investment Partners LLC now owns 514,200 shares of the company’s stock worth $8,345,000 after buying an additional 444,200 shares during the period. JPMorgan Chase & Co. boosted its stake in The Carlyle Group by 102.2% in the second quarter. JPMorgan Chase & Co. now owns 358,943 shares of the company’s stock worth $5,826,000 after buying an additional 181,437 shares during the period. Finally, Bank of Montreal Can acquired a new stake in The Carlyle Group during the second quarter worth $2,712,000. Institutional investors own 42.08% of the company’s stock.

The Carlyle Group LP (NASDAQ:CG) opened at 15.80 on Friday.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, October 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.12. The Carlyle Group had a return on equity of 9.41% and a net margin of 0.51%. The company had revenue of $607.30 million for the quarter, compared to analyst estimates of $506.18 million. During the same quarter in the previous year, the company posted ($0.43) earnings per share. The Carlyle Group’s revenue for the quarter was up 104.1% on a year-over-year basis. Equities analysts anticipate that The Carlyle Group LP will post $1.12 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 16th. Stockholders of record on Tuesday, November 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.66%. The Carlyle Group’s payout ratio is 10,000.00%.

A number of equities research analysts have recently weighed in on the company. Credit Suisse Group AG set a $20.00 price target on The Carlyle Group and gave the company a “hold” rating in a report on Sunday, September 18th. Citigroup Inc. boosted their target price on The Carlyle Group from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, July 28th. Deutsche Bank AG boosted their target price on The Carlyle Group from $16.00 to $17.00 and gave the stock a “hold” rating in a report on Friday, August 5th. Jefferies Group boosted their target price on The Carlyle Group from $16.50 to $17.00 and gave the stock a “hold” rating in a report on Tuesday, August 2nd. Finally, Barclays PLC boosted their target price on The Carlyle Group from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 9th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The Carlyle Group has a consensus rating of “Hold” and an average price target of $16.48.

About The Carlyle Group

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