Harbor Investment Advisory LLC cut its position in The Carlyle Group Inc. (NASDAQ:CG – Free Report) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,500 shares of the financial services provider’s stock after selling 500 shares during the period. Harbor Investment Advisory LLC’s holdings in The Carlyle Group were worth $278,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Westbourne Investment Advisors Inc. raised its holdings 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 worth $245,000 after acquiring an additional 200 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of 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 worth $1,797,000 after acquiring an additional 208 shares during the period. Tobam raised its holdings in shares of The Carlyle Group by 32.8% during the third quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 220 shares during the period. Western Pacific Wealth Management LP raised its holdings in shares of The Carlyle Group by 10.6% during 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. Finally, Verdence Capital Advisors LLC raised its holdings in shares of The Carlyle Group by 5.1% during the third quarter. Verdence Capital Advisors LLC now owns 7,819 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 377 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on CG shares. Morgan Stanley lifted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Oppenheimer lifted their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, December 8th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Friday, January 3rd. Finally, Barclays lifted 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 equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.44.
The Carlyle Group Price Performance
Shares of The Carlyle Group stock opened at $56.62 on Thursday. The Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month high of $56.84. 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 50-day simple moving average of $52.25 and a two-hundred day simple moving average of $47.27. The stock has a market capitalization of $20.25 billion, a price-to-earnings ratio of 195.24, a price-to-earnings-growth ratio of 0.97 and a beta of 1.69.
The Carlyle Group (NASDAQ:CG – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter in the previous year, the company earned $0.87 EPS. The business’s revenue was up 15.2% on a year-over-year basis. Analysts forecast that The Carlyle Group Inc. will post 3.8 EPS for the current year.
Insiders Place Their Bets
In other news, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the transaction, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 27.20% of the company’s stock.
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.
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