Stephens Inc. AR Boosts Position in The Carlyle Group Inc. (NASDAQ:CG)

Stephens Inc. AR boosted its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 14.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 90,782 shares of the financial services provider’s stock after purchasing an additional 11,765 shares during the quarter. Stephens Inc. AR’s holdings in The Carlyle Group were worth $3,909,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CG. Tobam purchased a new stake in shares of The Carlyle Group in the second quarter valued at $27,000. Blue Trust Inc. increased its stake in The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 643 shares during the last quarter. Rothschild Investment LLC acquired a new position in The Carlyle Group in the second quarter valued at $50,000. 1832 Asset Management L.P. acquired a new position in The Carlyle Group in the first quarter valued at $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,600 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder Carlyle Group Inc. sold 118,172 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $40.37, for a total transaction of $4,770,603.64. Following the sale, the insider now directly owns 8,606,174 shares in the company, valued at approximately $347,431,244.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 1,872,366 shares of company stock valued at $11,580,308 in the last quarter. Insiders own 27.20% of the company’s stock.

The Carlyle Group Trading Down 0.2 %

Shares of CG opened at $49.92 on Friday. The company has a market capitalization of $17.79 billion, a P/E ratio of -44.57, a P/E/G ratio of 1.30 and a beta of 1.73. The Carlyle Group Inc. has a one year low of $28.16 and a one year high of $52.73. 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 stock has a 50-day moving average price of $44.48 and a 200 day moving average price of $43.22.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS 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 the consensus estimate of $808.73 million. During the same period in the prior year, the business earned $0.88 EPS. The company’s quarterly revenue was up 131.5% on a year-over-year basis. Sell-side analysts forecast that The Carlyle Group Inc. will post 3.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CG shares. Oppenheimer upped their target price on The Carlyle Group from $64.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. JMP Securities restated 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. Deutsche Bank Aktiengesellschaft dropped their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. TD Cowen upped their price target on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods dropped their price target on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a research note on Tuesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, The Carlyle Group has a consensus rating of “Hold” and a consensus target price of $51.33.

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.