Private Management Group Inc. Has $35.24 Million Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Private Management Group Inc. cut its stake in The Carlyle Group Inc. (NASDAQ:CG) by 0.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 697,950 shares of the financial services provider’s stock after selling 6,200 shares during the period. The Carlyle Group makes up approximately 1.3% of Private Management Group Inc.’s holdings, making the stock its 16th largest holding. Private Management Group Inc.’s holdings in The Carlyle Group were worth $35,239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Valley National Advisers Inc. lifted its position in The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 327 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of The Carlyle Group by 253.1% during 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 period. Brooklyn Investment Group acquired a new position in The Carlyle Group in the third quarter valued at about $33,000. Tobam grew its position 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 acquiring an additional 220 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in The Carlyle Group by 53.9% in the 4th quarter. Fifth Third Bancorp now owns 962 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 337 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Daniel A. D’aniello sold 495,542 shares of the 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 of the company’s stock, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 27.20% of the stock is owned by corporate insiders.

The Carlyle Group Price Performance

Shares of CG opened at $52.58 on Thursday. 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 firm has a market capitalization of $18.81 billion, a PE ratio of 181.31, a P/E/G ratio of 0.98 and a beta of 1.70. The stock has a 50 day simple moving average of $52.90 and a 200 day simple moving average of $48.09. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50.

The Carlyle Group (NASDAQ:CG) last released 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 firm had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. Sell-side analysts predict that The Carlyle Group Inc. will post 3.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research note on Friday, January 3rd. Oppenheimer raised their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $54.44.

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.