Chicago Partners Investment Group LLC Invests $3.97 Million in The Carlyle Group Inc. (NASDAQ:CG)

Chicago Partners Investment Group LLC purchased a new position in The Carlyle Group Inc. (NASDAQ:CG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 75,928 shares of the financial services provider’s stock, valued at approximately $3,972,000.

A number of other hedge funds have also bought and sold shares of CG. FMR LLC grew its position in The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after acquiring an additional 1,707,520 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of The Carlyle Group by 22.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock worth $90,740,000 after purchasing an additional 391,553 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in The Carlyle Group by 68.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after buying an additional 777,304 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in The Carlyle Group by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,206 shares of the financial services provider’s stock worth $60,508,000 after acquiring an additional 36,549 shares in the last quarter. Finally, Private Management Group Inc. increased its position in shares of The Carlyle Group by 16.8% during the third quarter. Private Management Group Inc. now owns 704,150 shares of the financial services provider’s stock worth $30,321,000 after acquiring an additional 101,268 shares during the period. Institutional investors own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

CG has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a research report on Wednesday, October 9th. Barclays upped 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 note on Monday, January 13th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target for the company in a report on Friday, January 3rd. TD Cowen lifted their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, Evercore ISI upped their target price on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group presently has an average rating of “Hold” and an average price target of $54.44.

Insiders Place Their Bets

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 transaction, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.20% of the stock is currently owned by insiders.

The Carlyle Group Trading Down 0.3 %

Shares of The Carlyle Group stock opened at $56.16 on Friday. The Carlyle Group Inc. has a 12-month low of $36.65 and a 12-month high of $57.50. The firm’s 50 day simple moving average is $52.93 and its two-hundred day simple moving average is $47.94. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $20.09 billion, a price-to-earnings ratio of 193.66, a PEG ratio of 0.99 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $908.17 million. During the same quarter last year, the business posted $0.87 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Analysts predict that The Carlyle Group Inc. will post 3.77 EPS for the current year.

About The Carlyle Group

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.