Polaris Capital Management LLC Lowers Stake in The Carlyle Group Inc. (NASDAQ:CG)

Polaris Capital Management LLC trimmed its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 3.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 745,000 shares of the financial services provider’s stock after selling 26,300 shares during the quarter. The Carlyle Group accounts for about 1.8% of Polaris Capital Management LLC’s holdings, making the stock its 21st biggest holding. Polaris Capital Management LLC owned approximately 0.21% of The Carlyle Group worth $37,615,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CG. Westbourne Investment Advisors Inc. increased its position in shares of The Carlyle Group by 3.6% during the third quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock valued at $245,000 after buying an additional 200 shares during the period. Bleakley Financial Group LLC increased its holdings in The Carlyle Group by 0.5% during the third quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock valued at $1,797,000 after buying an additional 208 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in The Carlyle Group by 0.3% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 80,820 shares of the financial services provider’s stock worth $4,081,000 after acquiring an additional 225 shares during the period. DMC Group LLC raised its position in shares of The Carlyle Group by 4.3% during the 4th quarter. DMC Group LLC now owns 6,932 shares of the financial services provider’s stock valued at $350,000 after purchasing an additional 283 shares during the period. Finally, Western Pacific Wealth Management LP boosted its stake in shares of The Carlyle Group by 10.6% in the third quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 314 shares during the period. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $51.48 on Tuesday. The business has a 50-day moving average of $52.85 and a 200 day moving average of $48.23. 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 12 month low of $36.65 and a 12 month high of $57.50. The stock has a market capitalization of $18.41 billion, a price-to-earnings ratio of 177.52, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CG. UBS Group upped their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Friday, January 3rd. Barclays increased their price objective on shares of The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. lifted their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods raised their price target on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $55.07.

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.