Private Management Group Inc. Has $30.32 Million Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Private Management Group Inc. increased its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 16.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 704,150 shares of the financial services provider’s stock after acquiring an additional 101,268 shares during the period. Private Management Group Inc.’s holdings in The Carlyle Group were worth $30,321,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tobam bought a new stake in The Carlyle Group during the 2nd quarter worth approximately $27,000. Blue Trust Inc. grew its holdings in shares of The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 643 shares during the last quarter. 1832 Asset Management L.P. bought a new position in shares of The Carlyle Group in the first quarter valued at about $55,000. Rothschild Investment LLC acquired a new position in The Carlyle Group during the 2nd quarter worth about $50,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in The Carlyle Group by 1,600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CG. JMP Securities reissued a “market outperform” rating and set a $60.00 price target on shares of The Carlyle Group in a research note on Wednesday, October 9th. Oppenheimer boosted their target price on The Carlyle Group from $64.00 to $78.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upped their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Finally, Morgan Stanley boosted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and a consensus target price of $51.33.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 78,180 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $39.94, for a total transaction of $3,122,509.20. Following the transaction, the insider now owns 8,441,022 shares of the company’s stock, valued at $337,134,418.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 1,872,366 shares of company stock worth $11,580,308. Insiders own 27.20% of the company’s stock.

The Carlyle Group Stock Down 0.2 %

NASDAQ CG traded down $0.11 on Friday, reaching $49.92. The company had a trading volume of 1,289,183 shares, compared to its average volume of 2,304,958. The company’s fifty day moving average is $44.48 and its 200-day moving average is $43.22. The Carlyle Group Inc. has a 1-year low of $28.16 and a 1-year high of $52.73. The firm has a market capitalization of $17.79 billion, a price-to-earnings ratio of -44.57, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.55 and a current ratio of 2.55.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. During the same period last year, the company earned $0.88 EPS. The company’s revenue was up 131.5% compared to the same quarter last year. On average, research analysts forecast that The Carlyle Group Inc. will post 3.71 earnings per share for the current fiscal 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.