Stanley Laman Group Ltd. Has $5.38 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

Stanley Laman Group Ltd. reduced its stake in The Carlyle Group Inc. (NASDAQ:CG) by 8.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 106,500 shares of the financial services provider’s stock after selling 10,351 shares during the quarter. Stanley Laman Group Ltd.’s holdings in The Carlyle Group were worth $5,377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after purchasing an additional 777,304 shares in the last quarter. Sargent Investment Group LLC grew its position in The Carlyle Group by 6.5% in the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock valued at $15,283,000 after acquiring an additional 18,537 shares during the period. Franklin Street Advisors Inc. NC acquired a new position in The Carlyle Group in the fourth quarter valued at about $17,671,000. Empowered Funds LLC raised its position in shares of The Carlyle Group by 443.1% during the third quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock worth $6,789,000 after purchasing an additional 128,644 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of The Carlyle Group by 26.9% during the fourth quarter. Blue Trust Inc. now owns 2,423 shares of the financial services provider’s stock worth $122,000 after buying an additional 514 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CG has been the subject of several research reports. Wells Fargo & Company dropped their price target on The Carlyle Group from $56.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday. Barclays decreased their target price on shares of The Carlyle Group from $60.00 to $55.00 and set an “overweight” rating for the company in a research report on Wednesday. Evercore ISI raised their price objective on shares of The Carlyle Group from $51.00 to $52.00 and gave the stock an “in-line” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their target price 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, StockNews.com upgraded The Carlyle Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $54.93.

The Carlyle Group Stock Up 0.7 %

Shares of CG stock opened at $49.95 on Thursday. The stock’s fifty day moving average price is $52.74 and its 200 day moving average price is $48.26. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $57.50. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The company has a market cap of $17.87 billion, a price-to-earnings ratio of 172.24, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. On average, research analysts expect that The Carlyle Group Inc. will post 3.73 earnings per share for the current fiscal year.

The Carlyle Group Company 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.