Renaissance Technologies LLC Purchases Shares of 136,700 Carlyle Group Inc. $CG

Renaissance Technologies LLC acquired a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 136,700 shares of the financial services provider’s stock, valued at approximately $6,615,000.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC raised its stake in Carlyle Group by 937.5% in the first quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock valued at $2,499,000 after buying an additional 51,809 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Carlyle Group by 40.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock worth $49,909,000 after acquiring an additional 332,533 shares during the period. Empowered Funds LLC increased its holdings in shares of Carlyle Group by 3.4% during the 1st quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock worth $2,103,000 after acquiring an additional 1,579 shares during the last quarter. Focus Partners Wealth lifted its holdings in Carlyle Group by 27.4% during the 1st quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 1,169 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 574 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Trading Up 3.5%

Shares of Carlyle Group stock opened at $50.64 on Wednesday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 2.55 and a current ratio of 2.55. The firm has a 50-day moving average of $44.58 and a 200-day moving average of $49.16. Carlyle Group Inc. has a 52-week low of $39.60 and a 52-week high of $69.85. The stock has a market cap of $18.23 billion, a PE ratio of 34.68, a PEG ratio of 1.71 and a beta of 1.83.

Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). The business had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a return on equity of 20.95% and a net margin of 13.46%.Carlyle Group’s revenue for the quarter was down 28.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 EPS. As a group, sell-side analysts forecast that Carlyle Group Inc. will post 3.71 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CG shares. Morgan Stanley set a $57.00 price objective on shares of Carlyle Group in a research report on Tuesday, July 21st. JPMorgan Chase & Co. reduced their target price on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Barclays lowered their price target on shares of Carlyle Group from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Keefe, Bruyette & Woods upgraded shares of Carlyle Group to a “hold” rating in a research report on Monday, July 20th. Finally, The Goldman Sachs Group decreased their target price on Carlyle Group from $81.00 to $69.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $60.07.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.