Goldman Sachs Group Inc. lifted its position in The Carlyle Group L.P. (NASDAQ:CG) by 29.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,981,876 shares of the financial services provider’s stock after purchasing an additional 448,150 shares during the quarter. Goldman Sachs Group Inc. owned approximately 2.18% of The Carlyle Group L.P. worth $39,142,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. raised its stake in The Carlyle Group L.P. by 1.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 144 shares during the last quarter. Penserra Capital Management LLC raised its stake in The Carlyle Group L.P. by 8.7% during the 2nd quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 419 shares during the last quarter. Whittier Trust Co. raised its stake in The Carlyle Group L.P. by 3.0% during the 2nd quarter. Whittier Trust Co. now owns 42,601 shares of the financial services provider’s stock valued at $841,000 after acquiring an additional 1,234 shares during the last quarter. Creative Planning raised its stake in The Carlyle Group L.P. by 5.9% during the 2nd quarter. Creative Planning now owns 34,958 shares of the financial services provider’s stock valued at $690,000 after acquiring an additional 1,950 shares during the last quarter. Finally, Veritable L.P. raised its stake in The Carlyle Group L.P. by 16.8% during the 2nd quarter. Veritable L.P. now owns 13,613 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 1,963 shares during the last quarter. 40.65% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on CG. Morgan Stanley upped their price objective on The Carlyle Group L.P. from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Tuesday, August 8th. BidaskClub raised The Carlyle Group L.P. from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Credit Suisse Group downgraded The Carlyle Group L.P. to a “hold” rating in a research note on Friday. Zacks Investment Research raised The Carlyle Group L.P. from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, October 3rd. Finally, Deutsche Bank AG upped their price objective on The Carlyle Group L.P. from $19.00 to $20.00 and gave the company a “hold” rating in a research note on Thursday, August 3rd. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $23.89.

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The Carlyle Group L.P. (NASDAQ CG) opened at 24.15 on Monday. The Carlyle Group L.P. has a 52 week low of $14.35 and a 52 week high of $24.85. The stock’s 50 day moving average price is $22.39 and its 200-day moving average price is $19.42. The stock has a market capitalization of $2.20 billion, a P/E ratio of 56.56 and a beta of 1.84.

The Carlyle Group L.P. (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.37. The business had revenue of $908.40 million during the quarter, compared to the consensus estimate 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 earnings per share. Equities research analysts expect that The Carlyle Group L.P. will post $2.85 earnings per share for the current year.

In related news, CFO Curtis L. Buser sold 20,968 shares of the business’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 $445,570.00. Following the sale, the chief financial officer now owns 354,610 shares of the company’s stock, valued at $7,535,462.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Edward J. Mathias sold 6,593 shares of the business’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 value of $140,101.25. Following the sale, the director now directly owns 34,114 shares in the company, valued at approximately $724,922.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,013 shares of company stock valued at $1,317,776.

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.

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

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