VCI Wealth Management LLC Makes New Investment in Carlyle Group Inc. $CG

VCI Wealth Management LLC acquired a new position in shares of Carlyle Group Inc. (NASDAQ:CG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 49,278 shares of the financial services provider’s stock, valued at approximately $1,954,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caz Investments LP purchased a new stake in Carlyle Group in the 2nd quarter valued at about $4,464,000. Miller Value Partners LLC acquired a new position in shares of Carlyle Group during the 2nd quarter valued at about $1,684,000. United Capital Financial Advisors LLC purchased a new position in shares of Carlyle Group during the 2nd quarter worth about $1,206,000. William Blair Investment Management LLC purchased a new position in shares of Carlyle Group during the 2nd quarter worth about $249,077,000. Finally, Hsbc Holdings PLC boosted its position in shares of Carlyle Group by 33.5% in the second quarter. Hsbc Holdings PLC now owns 283,206 shares of the financial services provider’s stock worth $11,914,000 after acquiring an additional 71,039 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Performance

NASDAQ CG opened at $41.06 on Tuesday. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.35 and a quick ratio of 2.35. Carlyle Group Inc. has a 1-year low of $35.41 and a 1-year high of $67.30. The firm has a market capitalization of $14.63 billion, a P/E ratio of 42.77, a P/E/G ratio of 1.25 and a beta of 1.88. The business’s 50-day simple moving average is $41.30 and its 200-day simple moving average is $47.23.

Carlyle Group (NASDAQ:CG) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $923.50 million. During the same quarter in the prior year, the company earned $0.87 EPS. The company’s revenue was down 28.6% on a year-over-year basis. Equities analysts predict that Carlyle Group Inc. will post 3.54 EPS for the current year.

Analyst Ratings Changes

CG has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Evercore set a $51.00 price target on shares of Carlyle Group in a research note on Thursday, August 6th. Citizens Jmp lifted their price target on shares of Carlyle Group from $70.00 to $73.00 and gave the company a “market outperform” rating in a report on Thursday, August 6th. BMO Capital Markets lowered their price objective on shares of Carlyle Group from $56.00 to $46.00 and set an “outperform” rating for the company in a research note on Tuesday, October 27th. Finally, Keefe, Bruyette & Woods upped their price objective on Carlyle Group from $47.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, August 6th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $53.00.

Insider Transactions at Carlyle Group

In other Carlyle Group news, Director David Rubenstein sold 400,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $42.74, for a total transaction of $17,096,000.00. Following the completion of the sale, the director directly owned 26,899,644 shares in the company, valued at $1,149,690,784.56. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 25.40% of the stock is currently owned by corporate insiders.

Carlyle Group Profile

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.