R Squared Ltd Invests $90,000 in The Carlyle Group Inc. (NASDAQ:CG)

R Squared Ltd purchased a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,780 shares of the financial services provider’s stock, valued at approximately $90,000.

Several other institutional investors have also recently bought and sold shares of CG. Nisa Investment Advisors LLC boosted its holdings in 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 valued at $29,000 after acquiring an additional 405 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of The Carlyle Group in the 3rd quarter valued at $33,000. Tobam raised its stake in The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after buying an additional 220 shares during the period. Fifth Third Bancorp grew its stake in The Carlyle Group by 53.9% in the fourth quarter. Fifth Third Bancorp now owns 962 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 337 shares during the period. Finally, Retirement Wealth Solutions LLC bought a new stake in shares of The Carlyle Group in the fourth quarter worth about $57,000. Institutional investors own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

CG has been the subject of several research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price objective on shares of The Carlyle Group in a research report on Wednesday, October 9th. Wells Fargo & Company increased their price objective on shares of The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Evercore ISI upped their target price on shares of The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research note on Monday, October 14th. Keefe, Bruyette & Woods lifted 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. Finally, Morgan Stanley lifted their target price on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $54.44.

Insider Activity

In related news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group 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 directly owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 27.20% of the company’s stock.

The Carlyle Group Stock Down 0.1 %

Shares of CG stock opened at $56.31 on Friday. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a market cap of $20.14 billion, a price-to-earnings ratio of 194.17, a PEG ratio of 0.99 and a beta of 1.69. The firm’s 50-day moving average is $52.88 and its 200-day moving average is $47.85.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. During the same period in the previous year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. Sell-side analysts predict that The Carlyle Group Inc. will post 3.8 EPS for the current year.

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.