Bleakley Financial Group LLC Cuts Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Bleakley Financial Group LLC lowered its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 3.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 40,190 shares of the financial services provider’s stock after selling 1,552 shares during the period. Bleakley Financial Group LLC’s holdings in The Carlyle Group were worth $2,029,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC lifted its position in The Carlyle Group by 72.8% in the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after purchasing an additional 1,707,520 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of The Carlyle Group by 22.8% in the 3rd 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 buying an additional 391,553 shares during the period. JPMorgan Chase & Co. grew its holdings in 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in The Carlyle Group by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,405,206 shares of the financial services provider’s stock valued at $60,508,000 after acquiring an additional 36,549 shares during the period. Finally, Private Management Group Inc. boosted its position in shares of The Carlyle Group by 16.8% during the 3rd quarter. Private Management Group Inc. now owns 704,150 shares of the financial services provider’s stock worth $30,321,000 after purchasing an additional 101,268 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. StockNews.com cut shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, December 8th. Keefe, Bruyette & Woods upped their price target on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Barclays boosted their target price on The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Evercore ISI lifted their target price on shares of 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. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, The Carlyle Group currently has a consensus rating of “Hold” and a consensus price target of $54.44.

Insiders Place Their Bets

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 27.20% of the stock is currently owned by insiders.

The Carlyle Group Trading Down 0.2 %

Shares of CG stock opened at $52.49 on Friday. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $57.50. The firm’s 50-day simple moving average is $52.88 and its 200-day simple moving average is $48.16. The firm has a market cap of $18.77 billion, a P/E ratio of 181.00, a PEG 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 (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same period in the previous year, the company earned $0.87 EPS. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities analysts forecast 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.