JPMorgan Chase & Co. Grows Stock Position in The Carlyle Group LP (NASDAQ:CG)

JPMorgan Chase & Co. increased its stake in shares of The Carlyle Group LP (NASDAQ:CG) by 47.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 875,436 shares of the financial services provider’s stock after purchasing an additional 281,808 shares during the quarter. JPMorgan Chase & Co. owned about 0.80% of The Carlyle Group worth $16,003,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its stake in The Carlyle Group by 36.8% in the first quarter. Bank of Montreal Can now owns 1,651,100 shares of the financial services provider’s stock valued at $30,183,000 after acquiring an additional 444,000 shares during the last quarter. Partners Group Holding AG raised its holdings in shares of The Carlyle Group by 3.1% during the fourth quarter. Partners Group Holding AG now owns 1,365,703 shares of the financial services provider’s stock worth $21,510,000 after acquiring an additional 41,357 shares during the period. Markel Corp raised its holdings in shares of The Carlyle Group by 4.7% during the first quarter. Markel Corp now owns 1,144,000 shares of the financial services provider’s stock worth $20,912,000 after acquiring an additional 51,000 shares during the period. Coronation Fund Managers Ltd. raised its holdings in shares of The Carlyle Group by 31.7% during the fourth quarter. Coronation Fund Managers Ltd. now owns 695,859 shares of the financial services provider’s stock worth $10,960,000 after acquiring an additional 167,422 shares during the period. Finally, Philadelphia Financial Management of San Francisco LLC raised its holdings in shares of The Carlyle Group by 15.3% during the fourth quarter. Philadelphia Financial Management of San Francisco LLC now owns 666,557 shares of the financial services provider’s stock worth $10,498,000 after acquiring an additional 88,620 shares during the period. 41.53% of the stock is currently owned by institutional investors and hedge funds.

CG traded up $0.43 during trading on Friday, reaching $22.61. 667,100 shares of the company’s stock were exchanged, compared to its average volume of 600,117. The Carlyle Group LP has a one year low of $15.09 and a one year high of $25.25. The company has a quick ratio of 2.80, a current ratio of 2.81 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $2.46 billion, a PE ratio of 8.60 and a beta of 1.64. The stock has a fifty day moving average price of $21.06.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.10). The Carlyle Group had a net margin of 7.60% and a return on equity of 6.82%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $487.45 million. During the same period in the prior year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 54.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Carlyle Group LP will post 1.7 earnings per share for the current year.

In related news, insider Pamela L. Bentley sold 10,000 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $19.79, for a total transaction of $197,900.00. Following the transaction, the insider now directly owns 146,962 shares of the company’s stock, valued at $2,908,377.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Several analysts recently commented on the stock. Canaccord Genuity reaffirmed an “average” rating and set a $9.00 target price on shares of The Carlyle Group in a report on Monday, March 25th. TheStreet raised shares of The Carlyle Group from a “c” rating to a “b” rating in a report on Thursday, May 9th. Raymond James reaffirmed a “buy” rating and set a $10.00 target price on shares of The Carlyle Group in a report on Monday, June 3rd. BidaskClub raised shares of The Carlyle Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. Finally, ValuEngine raised shares of The Carlyle Group from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.15.

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.

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

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