Caxton Associates LP Acquires New Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Caxton Associates LP acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 42,799 shares of the financial services provider’s stock, valued at approximately $2,008,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. SYSTM Wealth Solutions LLC acquired a new position in The Carlyle Group during the 1st quarter worth approximately $34,000. Global Retirement Partners LLC boosted its position in The Carlyle Group by 41.2% during the 1st quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 247 shares during the last quarter. GAMMA Investing LLC acquired a new position in The Carlyle Group during the 4th quarter worth approximately $38,000. 1832 Asset Management L.P. acquired a new position in The Carlyle Group during the 1st quarter worth approximately $55,000. Finally, Compass Wealth Management LLC acquired a new position in The Carlyle Group during the 1st quarter worth approximately $57,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Stock Performance

CG traded up $0.39 during trading hours on Tuesday, reaching $47.94. The company’s stock had a trading volume of 532,809 shares, compared to its average volume of 2,197,228. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The firm has a market cap of $17.25 billion, a PE ratio of -26.68, a price-to-earnings-growth ratio of 1.35 and a beta of 1.75. The company’s 50-day moving average is $42.35 and its 200-day moving average is $43.47. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $48.69.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.09. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.63 EPS. On average, equities analysts forecast that The Carlyle Group Inc. will post 3.89 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 127,981 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $36.19, for a total value of $4,631,632.39. Following the transaction, the insider now owns 12,123,705 shares in the company, valued at $438,756,883.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 1,468,847 shares of company stock worth $51,024,340 in the last 90 days. Company insiders own 27.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CG shares. TD Cowen reduced their price target on The Carlyle Group from $45.00 to $41.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Jefferies Financial Group cut their price objective on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Barclays increased their price objective on The Carlyle Group from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. The Goldman Sachs Group cut their price objective on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, May 2nd. Finally, UBS Group cut their price objective on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $45.20.

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.