Private Advisor Group LLC Cuts Position in The Carlyle Group Inc. (NASDAQ:CG)

Private Advisor Group LLC lessened its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 12.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,713 shares of the financial services provider’s stock after selling 1,270 shares during the period. Private Advisor Group LLC’s holdings in The Carlyle Group were worth $375,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tobam acquired a new stake in The Carlyle Group in the 2nd quarter worth about $27,000. Blue Trust Inc. boosted its holdings in The Carlyle Group by 506.3% in the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after buying an additional 643 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of The Carlyle Group during the 2nd quarter worth approximately $50,000. 1832 Asset Management L.P. acquired a new position in shares of The Carlyle Group during the 1st quarter worth approximately $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of The Carlyle Group by 1,600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Up 0.8 %

Shares of NASDAQ CG opened at $49.46 on Wednesday. The firm has a market cap of $17.62 billion, a price-to-earnings ratio of -44.16, a PEG ratio of 1.27 and a beta of 1.70. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The Carlyle Group Inc. has a 52-week low of $28.44 and a 52-week high of $52.73. The business’s 50 day moving average is $44.66 and its two-hundred day moving average is $43.23.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $808.73 million. During the same period in the prior year, the company posted $0.88 EPS. The firm’s revenue was up 131.5% compared to the same quarter last year. Research analysts predict that The Carlyle Group Inc. will post 3.71 EPS for the current year.

Analyst Ratings Changes

CG has been the topic of several recent research reports. UBS Group boosted their target price on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Morgan Stanley boosted their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. JMP Securities restated a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. Wells Fargo & Company upped their price objective on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Finally, Oppenheimer upped their price objective on The Carlyle Group from $64.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and a consensus price target of $51.33.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the company’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the sale, the insider now owns 3,643,231 shares of the company’s stock, valued at approximately $7,796,514.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 1,676,014 shares of company stock valued at $3,687,196. 27.20% of the stock is currently owned by company insiders.

The Carlyle Group Profile

The Carlyle Group Inc 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.