Renaissance Technologies LLC raised its position in shares of The Carlyle Group L.P. (NASDAQ:CG) by 104.3% during the first quarter, Holdings Channel reports. The fund owned 225,590 shares of the financial services provider’s stock after buying an additional 115,190 shares during the period. Renaissance Technologies LLC’s holdings in The Carlyle Group L.P. were worth $3,598,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CG. Private Wealth Partners LLC increased its stake in shares of The Carlyle Group L.P. by 0.5% in the first quarter. Private Wealth Partners LLC now owns 20,500 shares of the financial services provider’s stock valued at $327,000 after buying an additional 100 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased 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 valued at $163,000 after buying an additional 144 shares in the last quarter. First Manhattan Co. increased 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 valued at $168,000 after buying an additional 700 shares in the last quarter. Whittier Trust Co. increased its stake in shares of The Carlyle Group L.P. by 5.2% in the first quarter. Whittier Trust Co. now owns 41,367 shares of the financial services provider’s stock valued at $660,000 after buying an additional 2,057 shares in the last quarter. Finally, Carret Asset Management LLC increased its stake in shares of The Carlyle Group L.P. by 30.0% in the first quarter. Carret Asset Management LLC now owns 13,000 shares of the financial services provider’s stock valued at $207,000 after buying an additional 3,000 shares in the last quarter. 45.18% of the stock is currently owned by institutional investors.

The Carlyle Group L.P. (NASDAQ:CG) traded down 0.764% on Thursday, hitting $20.125. 187,484 shares of the stock were exchanged. The stock’s 50 day moving average price is $20.28 and its 200 day moving average price is $17.74. The firm has a market cap of $1.83 billion, a PE ratio of 47.131 and a beta of 1.83. The Carlyle Group L.P. has a 52-week low of $14.35 and a 52-week high of $22.13.

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, beating the consensus estimate of $0.44 by $0.37. The firm had revenue of $908.40 million for the quarter, compared to analyst estimates of $696.36 million. The Carlyle Group L.P. had a net margin of 4.13% and a return on equity of 41.32%. During the same period in the previous year, the firm earned $0.35 EPS. Equities research analysts forecast that The Carlyle Group L.P. will post $2.81 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 14th will be issued a $0.42 dividend. This is a positive change from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. This represents a $1.68 annualized dividend and a yield of 8.12%. The ex-dividend date of this dividend is Thursday, August 10th. The Carlyle Group L.P.’s payout ratio is 30.53%.

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CG has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Jefferies Group LLC reissued a “hold” rating and issued a $17.00 target price on shares of The Carlyle Group L.P. in a research note on Tuesday, May 2nd. Credit Suisse Group set a $21.00 target price on shares of The Carlyle Group L.P. and gave the company a “hold” rating in a research note on Thursday, May 4th. BidaskClub downgraded shares of The Carlyle Group L.P. from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $21.00 target price (up previously from $20.00) on shares of The Carlyle Group L.P. in a research note on Monday, July 10th. Four research 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. presently has a consensus rating of “Buy” and an average target price of $21.81.

In related news, Director Edward J. Mathias sold 6,593 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Pamela L. Bentley sold 17,760 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 $377,400.00. Following the sale, the insider now owns 143,942 shares in the company, valued at $3,058,767.50. 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.

About The Carlyle Group L.P.

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

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