First Manhattan Co. continued to hold its position in The Carlyle Group L.P. (NASDAQ:CG) during the second quarter, Holdings Channel reports. The institutional investor owned 10,130 shares of the financial services provider’s stock at the end of the second quarter. First Manhattan Co.’s holdings in The Carlyle Group L.P. were worth $200,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CG. Morgan Stanley boosted its position in shares of 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 valued at $82,577,000 after buying an additional 41,531 shares during the last quarter. Coronation Fund Managers Ltd. boosted its position in shares of 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 valued at $21,156,000 after buying an additional 373,939 shares during the last quarter. Bank of America Corp DE boosted its position in shares of 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 valued at $14,745,000 after buying an additional 73,319 shares during the last quarter. Markel Corp boosted its position in shares of The Carlyle Group L.P. by 31.3% in the second quarter. Markel Corp now owns 692,000 shares of the financial services provider’s stock valued at $13,667,000 after buying an additional 165,000 shares during the last quarter. Finally, Hawkins Capital L.P. boosted its position in shares of 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 valued at $10,903,000 after buying an additional 8,800 shares during the last quarter. 45.18% of the stock is currently owned by institutional investors.

The Carlyle Group L.P. (NASDAQ:CG) opened at 20.40 on Friday. The company has a market cap of $1.86 billion, a PE ratio of 47.78 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 firm’s 50 day moving average is $20.32 and its 200 day moving average is $17.75.

The Carlyle Group L.P. (NASDAQ:CG) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the 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 net margin of 4.13% and a return on equity of 41.32%. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Analysts forecast that The Carlyle Group L.P. will post $2.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 14th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 8.24%. The ex-dividend date is Thursday, August 10th. This is an increase from The Carlyle Group L.P.’s previous quarterly dividend of $0.10. The Carlyle Group L.P.’s dividend payout ratio is currently 30.53%.

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Several equities analysts recently weighed in on CG shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $23.00 price target on shares of The Carlyle Group L.P. in a research report on Thursday, June 15th. 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 on the stock in a research report on Thursday, June 1st. Deutsche Bank AG raised their price target on shares of The Carlyle Group L.P. from $19.00 to $20.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Keefe, Bruyette & Woods raised shares of The Carlyle Group L.P. from a “market perform” rating to an “outperform” rating and raised their price target for the company from $17.50 to $20.00 in a research report on Thursday, May 4th. Finally, Jefferies Group LLC reaffirmed 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. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $21.81.

In other news, Director Edward J. Mathias sold 6,593 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $21.25, for a total value of $140,101.25. Following the transaction, the director now owns 34,114 shares in the company, valued at $724,922.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Curtis L. Buser sold 20,968 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $21.25, for a total transaction of $445,570.00. Following the completion of 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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