Wesbanco Bank Inc. Sells 19,370 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Wesbanco Bank Inc. cut its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 140,232 shares of the financial services provider’s stock after selling 19,370 shares during the quarter. Wesbanco Bank Inc.’s holdings in The Carlyle Group were worth $7,080,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Westbourne Investment Advisors Inc. raised its holdings in The Carlyle Group by 3.6% in the third quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 200 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of The Carlyle Group by 0.5% during the third quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock worth $1,797,000 after acquiring an additional 208 shares during the period. Tobam raised its holdings in shares of The Carlyle Group by 32.8% during the third quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 220 shares during the period. Western Pacific Wealth Management LP raised its holdings in shares of The Carlyle Group by 10.6% during the third quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 314 shares during the period. Finally, Verdence Capital Advisors LLC raised its holdings in shares of The Carlyle Group by 5.1% during the third quarter. Verdence Capital Advisors LLC now owns 7,819 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 377 shares during the period. 55.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Oppenheimer raised their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Wells Fargo & Company lifted their price target on shares of The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price target on shares of The Carlyle Group in a research note on Wednesday, October 9th. Finally, UBS Group lifted their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $54.44.

The Carlyle Group Stock Performance

Shares of CG stock opened at $56.62 on Thursday. The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of 195.24, a PEG ratio of 0.99 and a beta of 1.69. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The company has a 50-day simple moving average of $52.25 and a 200 day simple moving average of $47.27. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $56.84.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The business had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The Carlyle Group’s revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 EPS. On average, sell-side analysts predict that The Carlyle Group Inc. will post 3.8 earnings per share for the current year.

Insiders Place Their Bets

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the completion of the sale, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 27.20% of the company’s stock.

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.