Nisa Investment Advisors LLC Buys 405 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Nisa Investment Advisors LLC increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 253.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 565 shares of the financial services provider’s stock after buying an additional 405 shares during the period. Nisa Investment Advisors LLC’s holdings in The Carlyle Group were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. raised its holdings in shares of The Carlyle Group by 27.0% in the 2nd quarter. Sei Investments Co. now owns 43,403 shares of the financial services provider’s stock valued at $1,741,000 after purchasing an additional 9,238 shares during the period. Creative Planning raised its stake in The Carlyle Group by 10.3% in the second quarter. Creative Planning now owns 11,905 shares of the financial services provider’s stock valued at $478,000 after buying an additional 1,111 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of The Carlyle Group by 5.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 54,545 shares of the financial services provider’s stock valued at $2,190,000 after buying an additional 2,633 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of The Carlyle Group by 148.5% during the 2nd quarter. NewEdge Advisors LLC now owns 30,632 shares of the financial services provider’s stock worth $1,230,000 after acquiring an additional 18,304 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in The Carlyle Group by 4.9% during the 2nd quarter. Truist Financial Corp now owns 37,041 shares of the financial services provider’s stock valued at $1,487,000 after purchasing an additional 1,716 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CG has been the topic of several research reports. TD Cowen upped their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. Wells Fargo & Company increased their price target on shares of The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. UBS Group upped their target price on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI boosted their price target on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Finally, StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. One research 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $54.44.

The Carlyle Group Stock Down 0.3 %

Shares of CG opened at $56.16 on Friday. The firm has a 50 day simple moving average of $52.93 and a two-hundred day simple moving average of $47.93. 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 Carlyle Group Inc. has a one year low of $36.65 and a one year high of $57.50. The company has a market cap of $20.09 billion, a P/E ratio of 193.66, a P/E/G ratio of 0.99 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. The business had revenue of $895.00 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 EPS. Research analysts forecast that The Carlyle Group Inc. will post 3.77 EPS for the current fiscal year.

Insider Transactions at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group 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 sale, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 27.20% of the company’s stock.

About The Carlyle Group

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.