Yousif Capital Management LLC Lowers Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Yousif Capital Management LLC cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 3.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 76,815 shares of the financial services provider’s stock after selling 2,757 shares during the period. Yousif Capital Management LLC’s holdings in The Carlyle Group were worth $3,878,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CG. FMR LLC boosted its stake in The Carlyle Group by 72.8% in the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after purchasing an additional 1,707,520 shares during the period. JPMorgan Chase & Co. boosted its position in shares of The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after acquiring an additional 777,304 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in The Carlyle Group by 22.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock valued at $90,740,000 after acquiring an additional 391,553 shares in the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in The Carlyle Group in the 4th quarter worth $17,671,000. Finally, Phase 2 Partners LLC purchased a new position in shares of The Carlyle Group during the third quarter valued at about $7,402,000. Institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

CG has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. TD Cowen boosted their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods upped their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. Evercore ISI lifted their price target on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a research report on Monday, October 14th. Finally, UBS Group raised their price objective on 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 analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.44.

Insider Buying and Selling at The Carlyle Group

In other news, Director Daniel A. D’aniello sold 495,542 shares of the business’s 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 approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 27.20% of the stock is currently owned by corporate insiders.

The Carlyle Group Trading Down 0.2 %

CG stock opened at $52.49 on Friday. The company has a market capitalization of $18.77 billion, a PE ratio of 181.00, a P/E/G ratio of 0.98 and a beta of 1.70. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group Inc. has a 12 month low of $36.65 and a 12 month high of $57.50. The firm’s 50-day moving average is $52.88 and its 200 day moving average is $48.16.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results 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 firm had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The Carlyle Group’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 earnings per share. On average, research analysts anticipate that The Carlyle Group Inc. will post 3.73 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.