Park Avenue Securities LLC Has $418,000 Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Park Avenue Securities LLC increased its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 22.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,288 shares of the financial services provider’s stock after purchasing an additional 1,521 shares during the period. Park Avenue Securities LLC’s holdings in The Carlyle Group were worth $418,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after purchasing an additional 777,304 shares in the last quarter. Franklin Street Advisors Inc. NC acquired a new stake in shares of The Carlyle Group during the fourth quarter worth approximately $17,671,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of The Carlyle Group by 74.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,984 shares of the financial services provider’s stock worth $1,806,000 after acquiring an additional 19,160 shares in the last quarter. Empowered Funds LLC increased its holdings in The Carlyle Group by 443.1% during the 3rd quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock valued at $6,789,000 after purchasing an additional 128,644 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in The Carlyle Group in the third quarter worth $67,540,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Trading Down 0.2 %

CG opened at $56.83 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.34. The stock has a market cap of $20.33 billion, a PE ratio of 195.97, a PEG ratio of 0.99 and a beta of 1.69. The business has a 50 day moving average of $52.49 and a 200-day moving average of $47.45.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) 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 analysts’ expectations of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 earnings per share. Equities research analysts predict that The Carlyle Group Inc. will post 3.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on CG. TD Cowen upped their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, November 8th. UBS Group lifted their price objective on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. 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. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a report on Friday, January 3rd. Finally, Barclays boosted their price objective on shares of The Carlyle Group from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $54.44.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total value of $25,535,279.26. Following the sale, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.