Today, North Star Investment Management Corp. invests in The Carlyle Group LP (CG) Shares

Today, North Star Investment Management Corp. invests in The Carlyle Group LP (CG) Shares
North Star Investment Management Corp. increased its stake in shares of The Carlyle Group LP (NASDAQ:CG) by 9.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 12,200 shares of the company’s stock after buying an additional 1,100 shares during the period. North Star Investment Management Corp.’s holdings in The Carlyle Group were worth $190,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CG. Artemis Investment Management LLP boosted its stake in 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 valued at $47,138,000 after buying an additional 1,697,847 shares during the period. Douglass Winthrop Advisors LLC acquired a new stake in The Carlyle Group during the second quarter valued at about $213,000. Cambridge Investment Research Advisors Inc. boosted 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 valued at $177,000 after buying an additional 38 shares during the period. PNC Financial Services Group Inc. boosted its stake in The Carlyle Group by 18.3% in the second quarter. PNC Financial Services Group Inc. now owns 163,439 shares of the company’s stock valued at $2,654,000 after buying an additional 25,333 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in The Carlyle Group during the second quarter valued at about $310,000. 42.08% of the stock is owned by hedge funds and other institutional investors.

Shares of The Carlyle Group LP (NASDAQ:CG) traded up 0.63% during trading on Friday, reaching $15.90. The company had a trading volume of 340,000 shares.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, October 26th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.12. The business had revenue of $607.30 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 104.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.43) earnings per share. Equities analysts forecast that The Carlyle Group LP will post $1.12 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 16th. Investors of record on Tuesday, November 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 12.58%. The ex-dividend date of this dividend was Friday, November 4th. The Carlyle Group’s dividend payout ratio is 10,000.00%.

CG has been the subject of several recent analyst reports. Credit Suisse Group AG reissued a “hold” rating and set a $20.00 target price on shares of The Carlyle Group in a research note on Sunday, September 11th. Zacks Investment Research lowered The Carlyle Group from a “buy” rating to a “hold” rating in a research report on Monday, October 10th. Barclays PLC lowered their price target on The Carlyle Group from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, October 13th. Keefe, Bruyette & Woods set a $18.00 price target on The Carlyle Group and gave the stock a “hold” rating in a research report on Friday, October 14th. Finally, Jefferies Group restated a “hold” rating on shares of The Carlyle Group in a research report on Thursday, October 13th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus 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.

Related posts

Leave a Comment