Coronation Fund Managers Ltd. Sells 102,807 Shares of The Carlyle Group L.P. (CG)

Coronation Fund Managers Ltd. decreased its stake in The Carlyle Group L.P. (NASDAQ:CG) by 7.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,223,588 shares of the financial services provider’s stock after selling 102,807 shares during the period. Coronation Fund Managers Ltd. owned about 1.43% of The Carlyle Group L.P. worth $24,166,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Loeb Partners Corp purchased a new stake in The Carlyle Group L.P. during the first quarter valued at about $159,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of The Carlyle Group L.P. by 1.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 10,241 shares of the financial services provider’s stock worth $163,000 after buying an additional 144 shares during the period. First Manhattan Co. boosted its stake in shares of The Carlyle Group L.P. by 6.9% in the first quarter. First Manhattan Co. now owns 10,830 shares of the financial services provider’s stock worth $168,000 after buying an additional 700 shares during the period. Palo Capital Inc. bought a new stake in shares of The Carlyle Group L.P. during the first quarter worth $181,000. Finally, Pennsylvania Trust Co bought a new stake in shares of The Carlyle Group L.P. during the second quarter worth $225,000. 45.18% of the stock is owned by institutional investors and hedge funds.

Shares of The Carlyle Group L.P. (CG) traded up 3.43% during midday trading on Friday, hitting $21.10. 1,157,191 shares of the stock were exchanged. The Carlyle Group L.P. has a 12-month low of $14.35 and a 12-month high of $22.12. The company has a market cap of $1.92 billion, a PE ratio of 49.41 and a beta of 1.83. The firm has a 50-day moving average price of $20.37 and a 200-day moving average price of $17.78.

The Carlyle Group L.P. (NASDAQ:CG) last posted its quarterly 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 Carlyle Group L.P. had a net margin of 4.13% and a return on equity of 41.32%. The company had revenue of $908.40 million for the quarter, compared to the consensus estimate of $696.36 million. During the same period last year, the firm posted $0.35 EPS. On average, equities analysts predict that The Carlyle Group L.P. will post $2.81 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 14th will be given a $0.42 dividend. This is an increase from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. This represents a $1.68 dividend on an annualized basis and a dividend yield of 7.96%. The ex-dividend date of this dividend is Thursday, August 10th. The Carlyle Group L.P.’s dividend payout ratio (DPR) is presently 128.24%.

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A number of equities research analysts recently weighed in on CG shares. Jefferies Group LLC reissued a “hold” rating and issued a $17.00 price target on shares of The Carlyle Group L.P. in a research report on Tuesday, May 2nd. Keefe, Bruyette & Woods raised shares of The Carlyle Group L.P. from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $17.50 to $20.00 in a research report on Thursday, May 4th. Credit Suisse Group set a $21.00 price target on shares of The Carlyle Group L.P. and gave the company a “hold” rating in a research report on Thursday, May 4th. Zacks Investment Research raised shares of The Carlyle Group L.P. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday, May 11th. Finally, Bank of America Corporation raised shares of The Carlyle Group L.P. from a “neutral” rating to a “buy” rating in a research report on Thursday, June 8th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The Carlyle Group L.P. has a consensus rating of “Buy” and a consensus target price of $21.81.

In related news, insider Pamela L. Bentley sold 17,760 shares of The Carlyle Group L.P. stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $377,400.00. Following the sale, the insider now directly owns 143,942 shares in the company, valued at approximately $3,058,767.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Edward J. Mathias sold 6,593 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was 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 in the company, valued at $724,922.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,013 shares of company stock worth $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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