Pinebridge Investments L.P. Has $508,000 Position in The Carlyle Group LP (CG)
Pinebridge Investments L.P. trimmed its position in The Carlyle Group LP (NASDAQ:CG) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,198 shares of the financial services provider’s stock after selling 2,580 shares during the period. Pinebridge Investments L.P.’s holdings in The Carlyle Group were worth $508,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in CG. Ameriprise Financial Inc. raised its position in shares of The Carlyle Group by 19.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 18,725 shares of the financial services provider’s stock valued at $370,000 after acquiring an additional 2,999 shares during the period. Cavalier Investments LLC acquired a new stake in The Carlyle Group during the 3rd quarter worth approximately $503,000. Bessemer Group Inc. raised its holdings in The Carlyle Group by 1,318.0% during the 3rd quarter. Bessemer Group Inc. now owns 42,539 shares of the financial services provider’s stock worth $1,004,000 after buying an additional 39,539 shares during the period. Brown Advisory Securities LLC acquired a new stake in The Carlyle Group during the 3rd quarter worth approximately $613,000. Finally, BNP Paribas Arbitrage SA raised its holdings in The Carlyle Group by 3,160.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 10,237 shares of the financial services provider’s stock worth $242,000 after buying an additional 9,923 shares during the period. Institutional investors and hedge funds own 38.08% of the company’s stock.
Shares of The Carlyle Group LP (NASDAQ CG) opened at $22.60 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.32 and a debt-to-equity ratio of 2.29. The Carlyle Group LP has a fifty-two week low of $15.45 and a fifty-two week high of $25.90. The stock has a market cap of $2,270.71, a P/E ratio of 6.51 and a beta of 1.70.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Tuesday, February 20th were issued a $0.33 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.84%. The Carlyle Group’s dividend payout ratio (DPR) is presently 54.77%.
Several analysts have commented on CG shares. BidaskClub downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Friday, November 10th. Morgan Stanley set a $34.00 target price on shares of The Carlyle Group and gave the stock a “buy” rating in a report on Thursday. Jefferies Group upgraded shares of The Carlyle Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $23.45 to $27.00 in a report on Wednesday, February 14th. Credit Suisse Group raised their target price on shares of The Carlyle Group from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, February 8th. Finally, TheStreet upgraded shares of The Carlyle Group from a “c” rating to a “b” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The Carlyle Group presently has an average rating of “Buy” and an average target price of $26.83.
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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.
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