Prospera Financial Services Inc Raises Stake in The Carlyle Group LP (CG)

Prospera Financial Services Inc lifted its stake in shares of The Carlyle Group LP (NASDAQ:CG) by 9.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,226 shares of the financial services provider’s stock after acquiring an additional 2,615 shares during the quarter. Prospera Financial Services Inc’s holdings in The Carlyle Group were worth $666,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc increased its holdings in The Carlyle Group by 208.9% during the third quarter. IFP Advisors Inc now owns 18,542 shares of the financial services provider’s stock valued at $418,000 after buying an additional 12,539 shares during the period. Cornerstone Wealth Management LLC purchased a new position in The Carlyle Group during the third quarter valued at approximately $200,000. Westbourne Investment Advisors Inc. purchased a new position in The Carlyle Group during the third quarter valued at approximately $113,000. DNB Asset Management AS increased its holdings in The Carlyle Group by 29.9% during the third quarter. DNB Asset Management AS now owns 174,400 shares of the financial services provider’s stock valued at $3,933,000 after buying an additional 40,100 shares during the period. Finally, E&G Advisors LP increased its holdings in The Carlyle Group by 14.8% during the third quarter. E&G Advisors LP now owns 30,990 shares of the financial services provider’s stock valued at $699,000 after buying an additional 4,000 shares during the period. 40.43% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder Carlyle Group Management L.L.C sold 2,250,000 shares of The Carlyle Group stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $111.91, for a total transaction of $251,797,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Jeffrey W. Ferguson sold 19,911 shares of The Carlyle Group stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $24.30, for a total transaction of $483,837.30. Following the sale, the general counsel now owns 215,876 shares of the company’s stock, valued at $5,245,786.80. The disclosure for this sale can be found here. Insiders have sold 2,329,197 shares of company stock valued at $253,721,987 over the last quarter.



Shares of CG opened at $19.08 on Friday. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 5.50 and a beta of 1.79. The Carlyle Group LP has a twelve month low of $18.89 and a twelve month high of $25.90. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.71 and a quick ratio of 0.59.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, August 1st. The financial services provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.17. The company had revenue of $840.00 million during the quarter, compared to the consensus estimate of $713.35 million. The Carlyle Group had a net margin of 6.37% and a return on equity of 31.20%. The Carlyle Group’s revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.59 earnings per share. On average, equities analysts predict that The Carlyle Group LP will post 2.31 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on CG shares. Citigroup lifted their price objective on shares of The Carlyle Group from $29.00 to $32.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Oppenheimer set a $35.00 target price on shares of The Carlyle Group and gave the company a “buy” rating in a research note on Wednesday, August 1st. BidaskClub upgraded shares of The Carlyle Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 7th. Zacks Investment Research upgraded shares of The Carlyle Group from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, July 3rd. Finally, Deutsche Bank lowered their target price on shares of The Carlyle Group from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $28.80.

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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