The Carlyle Group Inc. (NASDAQ:CG) Shares Bought by Comerica Bank

Comerica Bank grew its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 44.5% during the first quarter, HoldingsChannel.com reports. The fund owned 184,420 shares of the financial services provider’s stock after purchasing an additional 56,811 shares during the quarter. Comerica Bank’s holdings in The Carlyle Group were worth $8,651,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of The Carlyle Group by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after acquiring an additional 1,756,189 shares during the period. Capital World Investors increased its stake in The Carlyle Group by 0.4% during the 1st quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after buying an additional 79,681 shares during the period. William Blair Investment Management LLC increased its stake in The Carlyle Group by 6.5% during the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after buying an additional 721,608 shares during the period. Norges Bank purchased a new stake in The Carlyle Group during the 4th quarter worth $130,771,000. Finally, Capital International Investors purchased a new stake in The Carlyle Group during the 1st quarter worth $142,511,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 127,981 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $36.19, for a total value of $4,631,632.39. Following the completion of the sale, the insider now directly owns 12,123,705 shares of the company’s stock, valued at approximately $438,756,883.95. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders sold 1,895,740 shares of company stock valued at $67,672,787. Company insiders own 27.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CG. Jefferies Financial Group dropped their price target on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. TD Cowen cut their target price on shares of The Carlyle Group from $45.00 to $41.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Oppenheimer cut their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $48.00 target price (down previously from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. Finally, Barclays upped their target price on shares of The Carlyle Group from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, The Carlyle Group presently has an average rating of “Hold” and a consensus price target of $45.20.

The Carlyle Group Stock Performance

NASDAQ CG traded down $3.14 on Friday, hitting $44.62. The stock had a trading volume of 1,751,347 shares, compared to its average volume of 2,225,636. The Carlyle Group Inc. has a one year low of $27.13 and a one year high of $50.92. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53. The stock has a market cap of $16.06 billion, a price-to-earnings ratio of -26.68, a P/E/G ratio of 1.44 and a beta of 1.75. The company’s 50-day moving average is $42.63 and its two-hundred day moving average is $43.61.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.63 EPS. On average, analysts expect that The Carlyle Group Inc. will post 3.87 earnings per share for the current 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.