North Star Investment Management Corp. Grows Stake in The Carlyle Group LP (NASDAQ:CG)

North Star Investment Management Corp. lifted its stake in shares of The Carlyle Group LP (NASDAQ:CG) by 7.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,200 shares of the financial services provider’s stock after buying an additional 900 shares during the quarter. North Star Investment Management Corp.’s holdings in The Carlyle Group were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CG. Cordasco Financial Network bought a new position in The Carlyle Group during the first quarter worth $41,000. Belpointe Asset Management LLC bought a new position in The Carlyle Group during the third quarter worth $101,000. JOYN Advisors Inc. lifted its stake in The Carlyle Group by 5.8% in the fourth quarter. JOYN Advisors Inc. now owns 11,481 shares of the financial services provider’s stock valued at $181,000 after buying an additional 630 shares during the last quarter. Suntrust Banks Inc. lifted its stake in The Carlyle Group by 18.7% in the fourth quarter. Suntrust Banks Inc. now owns 11,227 shares of the financial services provider’s stock valued at $183,000 after buying an additional 1,770 shares during the last quarter. Finally, Pennsylvania Trust Co lifted its stake in The Carlyle Group by 10.6% in the fourth quarter. Pennsylvania Trust Co now owns 13,145 shares of the financial services provider’s stock valued at $207,000 after buying an additional 1,260 shares during the last quarter. 44.66% of the stock is owned by institutional investors and hedge funds.

NASDAQ:CG traded up $0.29 during mid-day trading on Friday, reaching $21.00. 799,133 shares of the stock were exchanged, compared to its average volume of 592,154. The firm has a market cap of $2.29 billion, a P/E ratio of 7.98 and a beta of 1.70. The Carlyle Group LP has a 1-year low of $15.09 and a 1-year high of $25.25. The company has a quick ratio of 2.52, a current ratio of 2.54 and a debt-to-equity ratio of 2.61.

The Carlyle Group (NASDAQ:CG) last released 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 firm 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 12.27% and a net margin of 4.56%. The Carlyle Group’s revenue was up 54.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 earnings per share. Sell-side analysts expect that The Carlyle Group LP will post 1.93 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Monday, May 13th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Friday, May 10th. The Carlyle Group’s payout ratio is currently 65.40%.

In related news, CFO Curtis L. Buser sold 31,200 shares of The Carlyle Group stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $18.55, for a total value of $578,760.00. Following the transaction, the chief financial officer now owns 641,909 shares of the company’s stock, valued at approximately $11,907,411.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CG has been the topic of a number of recent research reports. Goldman Sachs Group upgraded The Carlyle Group from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Friday, January 4th. Bank of America cut The Carlyle Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $23.00 to $20.00 in a research note on Friday, March 29th. Canaccord Genuity restated an “average” rating and set a $9.50 price objective on shares of The Carlyle Group in a research note on Tuesday, January 8th. ValuEngine upgraded shares of The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, BidaskClub upgraded shares of The Carlyle Group from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The Carlyle Group has a consensus rating of “Hold” and a consensus target price of $20.91.

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About The Carlyle Group

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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