The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,592 shares of the financial services provider’s stock after selling 3,865 shares during the period. SG Americas Securities LLC’s holdings in The Carlyle Group were worth $1,595,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CG. Sei Investments Co. boosted its holdings in shares of The Carlyle Group by 27.0% in the second quarter. Sei Investments Co. now owns 43,403 shares of the financial services provider’s stock worth $1,741,000 after buying an additional 9,238 shares during the period. Public Sector Pension Investment Board boosted its stake in The Carlyle Group by 6.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 30,772 shares of the financial services provider’s stock worth $1,235,000 after purchasing an additional 1,735 shares during the period. Bank of Montreal Can grew its position in The Carlyle Group by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 245,091 shares of the financial services provider’s stock worth $10,010,000 after purchasing an additional 1,750 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of The Carlyle Group by 74.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,984 shares of the financial services provider’s stock valued at $1,806,000 after purchasing an additional 19,160 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of The Carlyle Group by 1.3% during the second quarter. Toronto Dominion Bank now owns 50,268 shares of the financial services provider’s stock valued at $2,018,000 after buying an additional 639 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CG. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, December 8th. Keefe, Bruyette & Woods lifted their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Friday, January 3rd. Finally, Evercore ISI lifted their price target on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $54.44.

The Carlyle Group Trading Down 1.9 %

The Carlyle Group stock opened at $55.76 on Tuesday. The business’s 50-day simple moving average is $52.59 and its 200-day simple moving average is $47.63. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.34. The firm has a market capitalization of $19.94 billion, a PE ratio of 192.28, a PEG ratio of 0.99 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The company had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The Carlyle Group’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.87 earnings per share. Equities research analysts forecast that The Carlyle Group Inc. will post 3.8 earnings per share for the current year.

Insider Activity

In other news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the transaction, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 27.20% of the stock is 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.