Augustine Asset Management Inc. Cuts Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Augustine Asset Management Inc. trimmed its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,566 shares of the financial services provider’s stock after selling 1,357 shares during the period. The Carlyle Group comprises approximately 0.8% of Augustine Asset Management Inc.’s investment portfolio, making the stock its 23rd largest holding. Augustine Asset Management Inc.’s holdings in The Carlyle Group were worth $3,108,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of The Carlyle Group during the 4th quarter valued at $25,000. Valley National Advisers Inc. lifted its holdings in The Carlyle Group by 149.3% during the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 327 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 405 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of The Carlyle Group in the third quarter valued at approximately $33,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in The Carlyle Group by 8,090.9% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider’s stock worth $45,000 after buying an additional 890 shares during the period. Institutional investors own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

CG has been the topic of several recent research reports. Barclays increased their target price on The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. UBS Group raised their target price on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price target on The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price objective 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, Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group currently has a consensus rating of “Hold” and a consensus target price of $55.07.

The Carlyle Group Trading Down 3.7 %

NASDAQ CG opened at $49.58 on Wednesday. The stock’s 50-day simple moving average is $52.79 and its two-hundred day simple moving average is $48.25. The Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month high of $57.50. 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 company has a market capitalization of $17.73 billion, a price-to-earnings ratio of 170.97, a PEG ratio of 0.92 and a beta of 1.70.

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.