SOL Capital Management CO Has $7.82 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

SOL Capital Management CO raised its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 154,964 shares of the financial services provider’s stock after acquiring an additional 3,830 shares during the period. The Carlyle Group makes up 0.9% of SOL Capital Management CO’s holdings, making the stock its 29th largest position. SOL Capital Management CO’s holdings in The Carlyle Group were worth $7,824,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 405 shares in the last quarter. Brooklyn Investment Group acquired a new stake in The Carlyle Group during the 3rd quarter worth $33,000. Tobam lifted its holdings in 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 in the last quarter. Fifth Third Bancorp raised its position in shares of The Carlyle Group by 53.9% during the fourth quarter. Fifth Third Bancorp now owns 962 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 337 shares during the period. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of The Carlyle Group in the 4th quarter valued at approximately $57,000. 55.88% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 transaction of $25,535,279.26. Following the completion of the sale, the director now owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 27.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CG. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Friday, January 3rd. Oppenheimer upped their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Evercore ISI lifted their price target on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Barclays increased their price objective on The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Finally, UBS Group upped their price target on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group presently has an average rating of “Hold” and an average target price of $54.44.

The Carlyle Group Stock Down 0.1 %

Shares of CG stock opened at $56.31 on Friday. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50. 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 stock has a market cap of $20.14 billion, a price-to-earnings ratio of 194.17, a PEG ratio of 0.99 and a beta of 1.69. The firm’s 50-day moving average is $52.88 and its 200-day moving average is $47.85.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The company had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same period last year, the firm posted $0.87 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. Sell-side analysts predict that The Carlyle Group Inc. will post 3.8 EPS for the current year.

The Carlyle Group 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.