The Carlyle Group Inc. (NASDAQ:CG) Holdings Reduced by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,374 shares of the financial services provider’s stock after selling 949 shares during the period. Janney Montgomery Scott LLC’s holdings in The Carlyle Group were worth $4,008,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CG. Nisa Investment Advisors LLC raised its position in shares of The Carlyle Group by 253.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after buying an additional 405 shares in the last quarter. Brooklyn Investment Group bought a new stake in The Carlyle Group during the third quarter worth approximately $33,000. Tobam boosted its stake in The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 220 shares in the last quarter. Retirement Wealth Solutions LLC acquired a new position in shares of The Carlyle Group during the 4th quarter valued at $57,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of The Carlyle Group by 1,600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after buying an additional 1,600 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Trading Down 0.1 %

NASDAQ:CG opened at $56.31 on Friday. The stock’s 50-day moving average is $52.88 and its two-hundred day moving average is $47.85. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a market cap of $20.14 billion, a PE ratio of 194.17, a price-to-earnings-growth ratio of 0.99 and a beta of 1.69. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $57.50.

The Carlyle Group (NASDAQ:CG) last released 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 Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The firm had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same quarter in the prior year, the business earned $0.87 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities research analysts forecast that The Carlyle Group Inc. will post 3.8 earnings per share for the current fiscal year.

Insider Activity at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 27.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CG. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a report on Wednesday, October 9th. TD Cowen lifted their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, December 8th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research report on Friday, January 3rd. Finally, Oppenheimer increased their price objective on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, The Carlyle Group currently has an average rating of “Hold” and a consensus price target of $54.44.

The Carlyle Group Company 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.