Skandinaviska Enskilda Banken AB publ Raises Position in Carlyle Group LP (CG)

Skandinaviska Enskilda Banken AB publ Raises Position in Carlyle Group LP (CG)

Skandinaviska Enskilda Banken AB publ increased its position in shares of The Carlyle Group LP (NASDAQ:CG) by 134.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,002,981 shares of the company’s stock after buying an additional 575,961 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in The Carlyle Group were worth $15,616,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Feltz Wealth PLAN Inc. acquired a new position in shares of The Carlyle Group during the second quarter worth $156,000. Baldwin Brothers Inc. MA raised its position in shares of The Carlyle Group by 133.3% in the third quarter. Baldwin Brothers Inc. MA now owns 10,500 shares of the company’s stock worth $163,000 after buying an additional 6,000 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of The Carlyle Group during the second quarter worth $168,000. First Manhattan Co. raised its position in shares of The Carlyle Group by 1,447.1% in the third quarter. First Manhattan Co. now owns 10,830 shares of the company’s stock worth $168,000 after buying an additional 10,130 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of The Carlyle Group during the third quarter worth $174,000. 39.69% of the stock is currently owned by hedge funds and other institutional investors.

Shares of The Carlyle Group LP (NASDAQ:CG) remained flat at $15.40 during mid-day trading on Tuesday. 571,497 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $15.60 and its 200-day moving average price is $15.82. The Carlyle Group LP has a 1-year low of $11.25 and a 1-year high of $17.97. The company has a market capitalization of $1.30 billion, a PE ratio of 275.00 and a beta of 1.91.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, October 26th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.12. The company had revenue of $607.30 million for the quarter, compared to analyst estimates of $506.18 million. The Carlyle Group had a net margin of 0.51% and a return on equity of 9.41%. The company’s quarterly revenue was up 104.1% on a year-over-year basis. During the same period last year, the business earned ($0.43) EPS. On average, equities research analysts forecast that The Carlyle Group LP will post $1.13 EPS for the current fiscal year.

CG has been the topic of a number of recent analyst reports. Credit Suisse Group AG reissued a “hold” rating and set a $20.00 price target on shares of The Carlyle Group in a research note on Sunday, September 11th. Zacks Investment Research raised The Carlyle Group from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, October 4th. Jefferies Group reissued a “hold” rating on shares of The Carlyle Group in a research note on Thursday, October 13th. Barclays PLC reduced their price target on The Carlyle Group from $18.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 13th. Finally, Keefe, Bruyette & Woods set a $18.00 price target on The Carlyle Group and gave the stock a “hold” rating in a research note on Friday, October 14th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $16.48.

The Carlyle Group Company Profile

The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company advises on a range of investment funds and other investment vehicles that invests across a range of industries, geographies, asset classes and investment strategies, and seeks to deliver returns for its fund investors.

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