Beck Capital Management LLC acquired a new stake in The Carlyle Group L.P. (NASDAQ:CG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 25,840 shares of the financial services provider’s stock, valued at approximately $610,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of The Carlyle Group by 2,205.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,096 shares of the financial services provider’s stock worth $101,000 after buying an additional 4,875 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of The Carlyle Group by 8.7% during the 2nd quarter. Penserra Capital Management LLC now owns 5,254 shares of the financial services provider’s stock worth $103,000 after buying an additional 419 shares during the period. Stelac Advisory Services LLC bought a new stake in shares of The Carlyle Group during the 3rd quarter worth about $145,000. Winslow Evans & Crocker Inc. boosted its holdings in shares of The Carlyle Group by 950.1% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 7,876 shares of the financial services provider’s stock worth $186,000 after buying an additional 7,126 shares during the period. Finally, Pathstone Family Office LLC boosted its holdings in shares of The Carlyle Group by 1,660.0% during the 2nd quarter. Pathstone Family Office LLC now owns 8,800 shares of the financial services provider’s stock worth $173,000 after buying an additional 8,300 shares during the period. 38.11% of the stock is owned by institutional investors.

Several analysts recently commented on CG shares. Zacks Investment Research raised shares of The Carlyle Group from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, October 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $26.00 target price on shares of The Carlyle Group in a report on Friday, September 22nd. BidaskClub downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Friday, November 10th. ValuEngine raised shares of The Carlyle Group from a “buy” rating to a “strong-buy” rating in a report on Friday, September 15th. Finally, Morgan Stanley lifted their price objective on shares of The Carlyle Group from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $24.89.

Shares of The Carlyle Group L.P. (NASDAQ:CG) opened at $20.55 on Wednesday. The Carlyle Group L.P. has a 12 month low of $14.85 and a 12 month high of $24.85. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 2.23. The firm has a market cap of $2,009.91, a PE ratio of 8.29 and a beta of 1.79.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.08. The Carlyle Group had a net margin of 5.43% and a return on equity of 43.32%. The business had revenue of $639.90 million during the quarter, compared to analysts’ expectations of $668.32 million. During the same quarter in the previous year, the company earned $0.66 EPS. equities analysts expect that The Carlyle Group L.P. will post 2.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Friday, November 10th were given a $0.56 dividend. The ex-dividend date of this dividend was Thursday, November 9th. This is a boost from The Carlyle Group’s previous quarterly dividend of $0.42. This represents a $2.24 annualized dividend and a dividend yield of 10.90%. The Carlyle Group’s payout ratio is presently 127.27%.

In other news, Director Edward J. Mathias sold 17,133 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $21.21, for a total value of $363,390.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ILLEGAL ACTIVITY WARNING: “Beck Capital Management LLC Invests $610,000 in The Carlyle Group L.P. (CG)” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another domain, it was copied illegally and republished in violation of international copyright & trademark laws. The correct version of this article can be read at https://www.thecerbatgem.com/2017/12/06/beck-capital-management-llc-invests-610000-in-the-carlyle-group-l-p-cg.html.

The Carlyle Group 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.

Want to see what other hedge funds are holding CG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Carlyle Group L.P. (NASDAQ:CG).

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

Receive News & Stock Ratings for The Carlyle Group L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group L.P. and related stocks with our FREE daily email newsletter.