Blue Trust Inc. Acquires 1,139 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Blue Trust Inc. lifted its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 147.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,909 shares of the financial services provider’s stock after buying an additional 1,139 shares during the quarter. Blue Trust Inc.’s holdings in The Carlyle Group were worth $77,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Capital International Investors acquired a new stake in The Carlyle Group in the first quarter worth about $142,511,000. Boston Partners acquired a new stake in The Carlyle Group in the first quarter worth about $109,122,000. Massachusetts Financial Services Co. MA increased its position in The Carlyle Group by 17,468.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock worth $68,887,000 after purchasing an additional 1,705,982 shares during the period. Marshall Wace LLP acquired a new position in shares of The Carlyle Group during the 2nd quarter worth about $37,009,000. Finally, William Blair Investment Management LLC grew its position in shares of The Carlyle Group by 6.5% during the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after buying an additional 721,608 shares during the period. 55.88% of the stock is owned by institutional investors.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 78,180 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $39.94, for a total transaction of $3,122,509.20. Following the sale, the insider now owns 8,441,022 shares in the company, valued at $337,134,418.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 2,041,833 shares of company stock worth $18,714,869 in the last 90 days. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Trading Down 0.1 %

NASDAQ CG opened at $51.09 on Thursday. The stock has a market capitalization of $18.39 billion, a price-to-earnings ratio of -28.54, a PEG ratio of 1.25 and a beta of 1.73. The stock’s 50 day moving average price is $44.08 and its two-hundred day moving average price is $43.14. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.55 and a current ratio of 2.55. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $52.73.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The company’s revenue was up 131.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 EPS. As a group, analysts anticipate that The Carlyle Group Inc. will post 3.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on CG. TD Cowen boosted their target price on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. 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 research report on Thursday, October 10th. 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 research report on Tuesday, October 22nd. Barclays boosted their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. boosted their price objective on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.33.

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.