The Carlyle Group L.P. (NASDAQ:CG) was the target of a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 298,910 shares, a drop of 68.7% from the July 31st total of 953,541 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 1,258,610 shares, the days-to-cover ratio is currently 0.2 days.

CG has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded The Carlyle Group L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research report on Wednesday, July 5th. Oppenheimer Holdings, Inc. increased their target price on The Carlyle Group L.P. from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. Bank of America Corporation upgraded The Carlyle Group L.P. from a “neutral” rating to a “buy” rating in a research report on Thursday, June 8th. Keefe, Bruyette & Woods upgraded The Carlyle Group L.P. from a “market perform” rating to an “outperform” rating and increased their target price for the company from $17.50 to $20.00 in a research report on Thursday, May 4th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $21.00 target price (up previously from $20.00) on shares of The Carlyle Group L.P. in a research report on Monday, July 10th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The Carlyle Group L.P. presently has a consensus rating of “Buy” and an average target price of $22.78.

The Carlyle Group L.P. (NASDAQ CG) opened at 20.85 on Monday. The firm has a 50-day moving average price of $20.79 and a 200-day moving average price of $18.06. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 48.83 and a beta of 1.83. The Carlyle Group L.P. has a one year low of $14.35 and a one year high of $22.12.

The Carlyle Group L.P. (NASDAQ:CG) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.37. The business had revenue of $908.40 million for the quarter, compared to analysts’ expectations of $696.36 million. The Carlyle Group L.P. had a return on equity of 41.32% and a net margin of 4.13%. During the same period in the previous year, the firm posted $0.35 EPS. On average, equities analysts predict that The Carlyle Group L.P. will post $2.81 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 14th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.06%. This is a boost from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, August 10th. The Carlyle Group L.P.’s payout ratio is presently 128.24%.

In other news, Director Edward J. Mathias sold 6,593 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total transaction of $140,101.25. Following the sale, the director now owns 34,114 shares of the company’s stock, valued at approximately $724,922.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Jeffrey W. Ferguson sold 16,692 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total transaction of $354,705.00. Following the sale, the general counsel now directly owns 161,956 shares in the company, valued at approximately $3,441,565. The disclosure for this sale can be found here. Insiders have sold a total of 62,013 shares of company stock worth $1,317,776 in the last ninety days.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Schafer Cullen Capital Management Inc. acquired a new position in shares of The Carlyle Group L.P. during the second quarter worth $280,000. BW Gestao de Investimentos Ltda. increased its position in shares of The Carlyle Group L.P. by 544.9% in the second quarter. BW Gestao de Investimentos Ltda. now owns 89,640 shares of the financial services provider’s stock worth $1,770,000 after buying an additional 75,741 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC increased its position in shares of The Carlyle Group L.P. by 1.1% in the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 143,795 shares of the financial services provider’s stock worth $2,840,000 after buying an additional 1,500 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of The Carlyle Group L.P. by 46.1% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 45,734 shares of the financial services provider’s stock worth $903,000 after buying an additional 14,440 shares in the last quarter. Finally, Partners Group Holding AG increased its position in shares of The Carlyle Group L.P. by 1.8% in the second quarter. Partners Group Holding AG now owns 580,124 shares of the financial services provider’s stock worth $11,225,000 after buying an additional 10,300 shares in the last quarter. Institutional investors and hedge funds own 42.79% of the company’s stock.

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The Carlyle Group L.P. Company 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.

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