Mizuho Trust & Banking Co. Ltd. lowered its stake in The Carlyle Group LP (NASDAQ:CG) by 7.4% during the third quarter, Holdings Channel reports. The fund owned 220,300 shares of the company’s stock after selling 17,700 shares during the period. Mizuho Trust & Banking Co. Ltd.’s holdings in The Carlyle Group were worth $3,430,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Feltz Wealth PLAN Inc. bought a new stake in The Carlyle Group during the second quarter worth about $156,000. HighTower Advisors LLC bought a new stake in The Carlyle Group during the second quarter worth about $168,000. First Manhattan Co. raised its stake in The Carlyle Group by 1,447.1% in the third quarter. First Manhattan Co. now owns 10,830 shares of the company’s stock worth $168,000 after buying an additional 10,130 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in The Carlyle Group during the third quarter worth about $174,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in The Carlyle Group by 0.3% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 10,920 shares of the company’s stock worth $177,000 after buying an additional 38 shares in the last quarter. 42.08% of the stock is currently owned by hedge funds and other institutional investors.
The Carlyle Group LP (NASDAQ:CG) traded up 0.63% on Friday, reaching $15.90. The company had a trading volume of 340,000 shares.
The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.12. The company had revenue of $607.30 million for the quarter, compared to analyst estimates of $506.18 million. The Carlyle Group had a return on equity of 9.41% and a net margin of 0.51%. The company’s revenue for the quarter was up 104.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.43) EPS. On average, equities analysts expect that The Carlyle Group LP will post $1.12 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Shareholders of record on Tuesday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 12.58%. The ex-dividend date of this dividend was Friday, November 4th. The Carlyle Group’s dividend payout ratio is presently 10,000.00%.
A number of research analysts have recently commented on CG shares. Credit Suisse Group AG set a $20.00 price objective on The Carlyle Group and gave the company a “hold” rating in a report on Sunday, September 18th. Citigroup Inc. increased their price objective on The Carlyle Group from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, July 28th. Deutsche Bank AG increased their price objective on The Carlyle Group from $16.00 to $17.00 and gave the company a “hold” rating in a report on Friday, August 5th. Jefferies Group increased their price objective on The Carlyle Group from $16.50 to $17.00 and gave the company a “hold” rating in a report on Tuesday, August 2nd. Finally, Barclays PLC increased their price objective on The Carlyle Group from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Tuesday, August 9th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.48.
The Carlyle Group Company Profile
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company advises on a range of investment funds and other investment vehicles that invests across a range of industries, geographies, asset classes and investment strategies, and seeks to deliver returns for its fund investors.