Janney Montgomery Scott LLC increased its position in shares of The Carlyle Group L.P. (NASDAQ:CG) by 101.6% during the second quarter, Holdings Channel reports. The fund owned 43,476 shares of the financial services provider’s stock after buying an additional 21,913 shares during the period. Janney Montgomery Scott LLC’s holdings in The Carlyle Group L.P. were worth $859,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Morgan Stanley boosted its position in The Carlyle Group L.P. by 0.8% in the first quarter. Morgan Stanley now owns 5,177,247 shares of the financial services provider’s stock worth $82,577,000 after buying an additional 41,531 shares during the period. Coronation Fund Managers Ltd. boosted its position in The Carlyle Group L.P. by 39.3% in the first quarter. Coronation Fund Managers Ltd. now owns 1,326,395 shares of the financial services provider’s stock worth $21,156,000 after buying an additional 373,939 shares during the period. Bank of America Corp DE boosted its position in The Carlyle Group L.P. by 8.6% in the first quarter. Bank of America Corp DE now owns 924,447 shares of the financial services provider’s stock worth $14,745,000 after buying an additional 73,319 shares during the period. Hawkins Capital L.P. boosted its position in The Carlyle Group L.P. by 1.3% in the first quarter. Hawkins Capital L.P. now owns 683,597 shares of the financial services provider’s stock worth $10,903,000 after buying an additional 8,800 shares during the period. Finally, Markel Corp boosted its position in The Carlyle Group L.P. by 10.5% in the first quarter. Markel Corp now owns 527,000 shares of the financial services provider’s stock worth $8,406,000 after buying an additional 50,000 shares during the period. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Shares of The Carlyle Group L.P. (CG) opened at 21.40 on Tuesday. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 50.12 and a beta of 1.83. The firm has a 50 day moving average price of $20.43 and a 200-day moving average price of $17.82. 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 released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.37. The firm had revenue of $908.40 million for 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 quarter in the previous year, the business earned $0.35 earnings per share. Equities research analysts anticipate 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. Stockholders of record on Monday, August 14th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.68 annualized dividend and a dividend yield of 7.85%. This is an increase from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. The Carlyle Group L.P.’s payout ratio is currently 128.24%.

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CG has been the subject of a number of research analyst reports. Oppenheimer Holdings, Inc. boosted their price target on The Carlyle Group L.P. from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Bank of America Corporation raised The Carlyle Group L.P. from a “neutral” rating to a “buy” rating in a report on Thursday, June 8th. Zacks Investment Research raised The Carlyle Group L.P. from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a report on Wednesday, July 5th. Keefe, Bruyette & Woods raised The Carlyle Group L.P. from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $17.50 to $20.00 in a report on Thursday, May 4th. Finally, Morgan Stanley reissued an “overweight” rating and set a $21.00 price target (up previously from $20.00) on shares of The Carlyle Group L.P. in a report on Monday, July 10th. Four analysts have rated the stock with a hold rating, seven have given 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 an average target price of $21.81.

In related news, 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 transaction, the insider now owns 143,942 shares in the company, valued at approximately $3,058,767.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Curtis L. Buser sold 20,968 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 $445,570.00. Following the transaction, the chief financial officer now owns 354,610 shares in the company, valued at approximately $7,535,462.50. The disclosure for this sale can be found here. In the last quarter, 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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