Hsbc Holdings PLC Increases Holdings in Carlyle Group Inc. $CG

Hsbc Holdings PLC boosted its position in Carlyle Group Inc. (NASDAQ:CG) by 95.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,167 shares of the financial services provider’s stock after buying an additional 103,552 shares during the quarter. Hsbc Holdings PLC’s holdings in Carlyle Group were worth $10,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Carlyle Group by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 26,368,246 shares of the financial services provider’s stock worth $1,558,627,000 after acquiring an additional 934,237 shares during the last quarter. Morgan Stanley increased its holdings in shares of Carlyle Group by 0.8% in the fourth quarter. Morgan Stanley now owns 10,189,948 shares of the financial services provider’s stock worth $602,328,000 after buying an additional 84,228 shares during the period. State Street Corp lifted its stake in shares of Carlyle Group by 20.9% in the 3rd quarter. State Street Corp now owns 9,942,135 shares of the financial services provider’s stock valued at $623,372,000 after acquiring an additional 1,720,483 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Carlyle Group by 1.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,735,298 shares of the financial services provider’s stock valued at $457,233,000 after acquiring an additional 117,223 shares during the period. Finally, Geode Capital Management LLC grew its position in Carlyle Group by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 4,999,880 shares of the financial services provider’s stock worth $294,817,000 after acquiring an additional 79,134 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CG. Barclays dropped their price objective on Carlyle Group from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Royal Bank Of Canada lowered their price target on shares of Carlyle Group from $58.00 to $56.00 and set a “sector perform” rating for the company in a report on Monday, July 13th. Cfra cut shares of Carlyle Group to a “sell” rating and set a $45.00 price target for the company. in a research report on Friday, May 8th. Wall Street Zen cut shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $52.00 target price on shares of Carlyle Group in a report on Monday, July 13th. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Carlyle Group currently has a consensus rating of “Hold” and a consensus price target of $60.07.

Carlyle Group Trading Down 1.2%

NASDAQ:CG opened at $44.08 on Thursday. The company has a 50-day moving average price of $44.56 and a 200-day moving average price of $50.31. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 1.53 and a beta of 1.84. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92. Carlyle Group Inc. has a 12 month low of $39.60 and a 12 month high of $69.85.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The company had revenue of $750.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $1.14 EPS. Carlyle Group’s quarterly revenue was down 28.0% compared to the same quarter last year. Equities analysts predict that Carlyle Group Inc. will post 3.78 EPS for the current year.

About Carlyle Group

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.