Blue Trust Inc. Acquires 514 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Blue Trust Inc. increased its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 26.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,423 shares of the financial services provider’s stock after buying an additional 514 shares during the quarter. Blue Trust Inc.’s holdings in The Carlyle Group were worth $122,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its stake in shares of The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 405 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of The Carlyle Group during the third quarter worth $33,000. Tobam boosted its holdings in shares of 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 acquiring an additional 220 shares in the last quarter. Fifth Third Bancorp increased its holdings in The Carlyle Group by 53.9% in the 4th quarter. Fifth Third Bancorp now owns 962 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 337 shares in the last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of The Carlyle Group during the fourth quarter valued at about $57,000. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Price Performance

Shares of NASDAQ CG opened at $52.58 on Friday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The business has a 50-day moving average of $52.89 and a 200-day moving average of $48.12. The firm has a market capitalization of $18.81 billion, a price-to-earnings ratio of 181.31, a PEG ratio of 0.98 and a beta of 1.70. The Carlyle Group Inc. has a 12 month low of $36.65 and a 12 month high of $57.50.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $895.00 million for 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 company’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. Sell-side analysts expect that The Carlyle Group Inc. will post 3.73 earnings per share for the current fiscal year.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CG. Oppenheimer lifted their price objective on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Morgan Stanley upped 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. JPMorgan Chase & Co. upped their price objective on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods boosted their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Finally, StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, December 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price 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.