PFG Investments LLC Sells 1,343 Shares of The Carlyle Group Inc. (NASDAQ:CG)

PFG Investments LLC trimmed its holdings in The Carlyle Group Inc. (NASDAQ:CGFree Report) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,271 shares of the financial services provider’s stock after selling 1,343 shares during the period. PFG Investments LLC’s holdings in The Carlyle Group were worth $418,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp lifted its position in 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 acquiring an additional 337 shares during the last quarter. Impact Partnership Wealth LLC acquired a new stake in The Carlyle Group during the 4th quarter worth approximately $589,000. Nisa Investment Advisors LLC boosted its stake in The Carlyle Group by 253.1% in the 4th 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 during the period. Zhang Financial LLC increased its position in The Carlyle Group by 8.1% during the 4th quarter. Zhang Financial LLC now owns 13,833 shares of the financial services provider’s stock worth $698,000 after buying an additional 1,035 shares during the period. Finally, Guinness Asset Management LTD boosted its position in shares of The Carlyle Group by 42.8% in the fourth quarter. Guinness Asset Management LTD now owns 13,719 shares of the financial services provider’s stock valued at $693,000 after acquiring an additional 4,113 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wolfe Research upgraded shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. raised their price objective on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. UBS Group upped their target price on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. JMP Securities reaffirmed 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, Morgan Stanley increased their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $54.44.

Read Our Latest Stock Report on CG

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $56.31 on Friday. The stock has a market cap of $20.14 billion, a price-to-earnings ratio of 194.17, a P/E/G ratio of 0.99 and a beta of 1.69. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month high of $57.50. The company’s fifty day moving average is $52.88 and its 200 day moving average is $47.85.

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

Insider Activity

In related news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 27.20% of the company’s stock.

The Carlyle Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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