Skandinaviska Enskilda Banken AB publ Holds Stake in The Carlyle Group L.P. (CG)

Skandinaviska Enskilda Banken AB publ continued to hold its position in shares of The Carlyle Group L.P. (NASDAQ:CG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 782,795 shares of the financial services provider’s stock at the end of the first quarter. Skandinaviska Enskilda Banken AB publ owned about 0.91% of The Carlyle Group L.P. worth $12,486,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CG. Brown Advisory Inc. raised its position in shares of The Carlyle Group L.P. by 28.9% in the fourth quarter. Brown Advisory Inc. now owns 19,650 shares of the financial services provider’s stock valued at $299,000 after buying an additional 4,400 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of The Carlyle Group L.P. during the fourth quarter valued at about $1,684,000. Creative Planning raised its position in shares of The Carlyle Group L.P. by 19.8% in the first quarter. Creative Planning now owns 33,008 shares of the financial services provider’s stock valued at $526,000 after buying an additional 5,458 shares during the last quarter. Augustine Asset Management Inc. raised its position in shares of The Carlyle Group L.P. by 3.1% in the first quarter. Augustine Asset Management Inc. now owns 74,399 shares of the financial services provider’s stock valued at $1,186,000 after buying an additional 2,219 shares during the last quarter. Finally, SOL Capital Management CO raised its position in shares of The Carlyle Group L.P. by 19.3% in the first quarter. SOL Capital Management CO now owns 157,950 shares of the financial services provider’s stock valued at $2,519,000 after buying an additional 25,500 shares during the last quarter. 45.45% of the stock is currently owned by institutional investors.

The Carlyle Group L.P. (NASDAQ CG) remained flat at $19.35 during trading on Monday. The company’s stock had a trading volume of 288,448 shares. The Carlyle Group L.P. has a 12 month low of $14.35 and a 12 month high of $19.50. The firm has a 50-day moving average price of $17.95 and a 200 day moving average price of $16.66. The stock has a market capitalization of $1.66 billion, a P/E ratio of 90.00 and a beta of 1.84.

The Carlyle Group L.P. (NASDAQ:CG) last posted its earnings results on Wednesday, May 3rd. The financial services provider reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.71. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $530.61 million. The Carlyle Group L.P. had a net margin of 2.78% and a return on equity of 33.76%. The company’s revenue was up 131.9% on a year-over-year basis. During the same period last year, the firm posted $0.18 EPS. Equities research analysts predict that The Carlyle Group L.P. will post $2.52 earnings per share for the current fiscal year.

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CG has been the topic of several research reports. Credit Suisse Group reissued a “hold” rating and set a $20.00 price objective on shares of The Carlyle Group L.P. in a report on Thursday, April 6th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $17.00 price target on shares of The Carlyle Group L.P. in a report on Tuesday, May 2nd. Keefe, Bruyette & Woods raised shares of The Carlyle Group L.P. from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $17.50 to $20.00 in a report on Thursday, May 4th. 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 report on Thursday, May 11th. Finally, Bank of America Corporation raised shares of The Carlyle Group L.P. from a “neutral” rating to a “buy” rating in a report on Thursday, June 8th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $19.07.

In related news, insider Pamela L. Bentley sold 9,928 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $17.40, for a total value of $172,747.20. Following the transaction, the insider now directly owns 161,702 shares of the company’s stock, valued at approximately $2,813,614.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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.

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

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