Bayesian Capital Management LP Acquires Shares of 25,876 The Carlyle Group Inc. (NASDAQ:CG)

Bayesian Capital Management LP purchased a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 25,876 shares of the financial services provider’s stock, valued at approximately $1,214,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in The Carlyle Group by 22.8% in the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 215 shares during the last quarter. Riverwater Partners LLC increased its position in shares of The Carlyle Group by 1.1% during the first quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider’s stock worth $1,021,000 after acquiring an additional 228 shares during the period. Global Retirement Partners LLC increased its position in shares of The Carlyle Group by 41.2% during the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 247 shares during the period. Fifth Third Bancorp increased its position in shares of The Carlyle Group by 11.5% during the first quarter. Fifth Third Bancorp now owns 2,442 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 251 shares during the period. Finally, Retirement Planning Co of New England Inc. increased its position in shares of The Carlyle Group by 2.5% during the first quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 271 shares during the period. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Trading Up 2.1 %

CG opened at $49.54 on Wednesday. The Carlyle Group Inc. has a fifty-two week low of $27.13 and a fifty-two week high of $49.54. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The company has a fifty day moving average of $42.43 and a two-hundred day moving average of $43.54.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 earnings per share. As a group, analysts forecast that The Carlyle Group Inc. will post 3.87 EPS for the current fiscal year.

Analysts Set New Price Targets

CG has been the topic of several research reports. Oppenheimer cut their price objective on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Barclays lifted their price objective on shares of The Carlyle Group from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Jefferies Financial Group cut their price objective on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. TD Cowen lowered their target price on shares of The Carlyle Group from $45.00 to $41.00 and set a “hold” rating for the company in a research note on Monday, July 8th. Finally, UBS Group lowered their target price on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $45.20.

Insider Transactions at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 158,090 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $38.85, for a total transaction of $6,141,796.50. Following the completion of the sale, the insider now owns 9,444,215 shares of the company’s stock, valued at approximately $366,907,752.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 1,730,863 shares of company stock valued at $61,224,447 over the last 90 days. Corporate insiders own 27.20% of the company’s stock.

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.