SOL Capital Management CO lowered its holdings in The Carlyle Group LP (NASDAQ:CG) by 8.0% in the second quarter, Holdings Channel reports. The firm owned 174,500 shares of the financial services provider’s stock after selling 15,100 shares during the quarter. The Carlyle Group comprises about 1.1% of SOL Capital Management CO’s holdings, making the stock its 25th biggest position. SOL Capital Management CO’s holdings in The Carlyle Group were worth $3,945,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its position in shares of The Carlyle Group by 23.7% in the 1st quarter. Rockefeller Capital Management L.P. now owns 30,924 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 5,924 shares during the period. Arlington Partners LLC bought a new position in shares of The Carlyle Group in the 2nd quarter valued at about $41,000. Allen Investment Management LLC grew its position in shares of The Carlyle Group by 1.6% in the 1st quarter. Allen Investment Management LLC now owns 52,115 shares of the financial services provider’s stock valued at $953,000 after acquiring an additional 843 shares during the period. Pennsylvania Trust Co grew its position in shares of The Carlyle Group by 11.4% in the 1st quarter. Pennsylvania Trust Co now owns 14,645 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 1,500 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in shares of The Carlyle Group by 10.2% in the 4th quarter. Great West Life Assurance Co. Can now owns 15,440 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 1,432 shares during the period. 41.43% of the stock is owned by institutional investors.
In other The Carlyle Group news, insider Pamela L. Bentley sold 10,000 shares of The Carlyle Group stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $19.79, for a total value of $197,900.00. Following the completion of the sale, the insider now owns 146,962 shares in the company, valued at approximately $2,908,377.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ CG traded up $0.03 during mid-day trading on Friday, reaching $24.95. 18,729 shares of the company were exchanged, compared to its average volume of 1,035,353. The firm’s 50-day moving average is $22.83. The company has a debt-to-equity ratio of 2.04, a current ratio of 2.81 and a quick ratio of 2.80. The company has a market capitalization of $2.73 billion, a PE ratio of 9.48 and a beta of 1.66. The Carlyle Group LP has a twelve month low of $15.09 and a twelve month high of $25.25.
The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, May 1st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $487.45 million. The Carlyle Group had a return on equity of 6.82% and a net margin of 9.83%. The business’s quarterly revenue was up 54.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 EPS. As a group, analysts expect that The Carlyle Group LP will post 1.58 earnings per share for the current fiscal year.
A number of research analysts have recently commented on the stock. Raymond James reissued a “buy” rating and issued a $10.00 price objective on shares of The Carlyle Group in a research report on Monday, June 3rd. Bank of America upgraded shares of Church & Dwight from an “underperform” rating to a “neutral” rating and set a $75.00 target price for the company in a research note on Friday, March 29th. ValuEngine upgraded shares of Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. Credit Suisse Group cut their target price on shares of Athene from $67.00 to $57.00 and set an “outperform” rating for the company in a research note on Tuesday, May 21st. Finally, CIBC restated a “hold” rating and set a $12.00 target price on shares of Pretium Resources in a research note on Monday, April 8th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.83.
The Carlyle Group Profile
The Carlyle Group L.P. is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.
Recommended Story: The mechanics of the bid-ask spread in trading
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 LP (NASDAQ:CG).
Receive News & Ratings for The Carlyle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group and related companies with MarketBeat.com's FREE daily email newsletter.