5,401 Shares in The Carlyle Group Inc. (NASDAQ:CG) Purchased by Ballentine Partners LLC

Ballentine Partners LLC acquired a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 5,401 shares of the financial services provider’s stock, valued at approximately $233,000.

Several other institutional investors have also added to or reduced their stakes in CG. Capital International Investors bought a new position in The Carlyle Group during the first quarter valued at approximately $142,511,000. Boston Partners bought a new position in shares of The Carlyle Group during the first quarter valued at $109,122,000. Massachusetts Financial Services Co. MA increased its holdings in shares of The Carlyle Group by 17,468.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock valued at $68,887,000 after acquiring an additional 1,705,982 shares in the last quarter. Marshall Wace LLP bought a new stake in The Carlyle Group in the 2nd quarter worth about $37,009,000. Finally, William Blair Investment Management LLC increased its holdings in The Carlyle Group by 6.5% in the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock worth $554,448,000 after buying an additional 721,608 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Stock Up 0.4 %

CG opened at $51.12 on Wednesday. The business has a 50 day moving average price of $43.86 and a two-hundred day moving average price of $43.08. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The company has a market cap of $18.40 billion, a PE ratio of -28.56, a P/E/G ratio of 1.25 and a beta of 1.73. The Carlyle Group Inc. has a 52 week low of $27.13 and a 52 week high of $52.73.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $808.73 million. During the same period last year, the company posted $0.88 earnings per share. The business’s quarterly revenue was up 131.5% on a year-over-year basis. As a group, research analysts anticipate that The Carlyle Group Inc. will post 3.76 EPS for the current year.

Insider Activity at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 118,172 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $40.37, for a total transaction of $4,770,603.64. Following the sale, the insider now owns 8,606,174 shares in the company, valued at approximately $347,431,244.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 2,041,833 shares of company stock valued at $18,714,869 in the last ninety days. Corporate insiders own 27.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Barclays raised their target price on The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 price objective on shares of The Carlyle Group in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods dropped their price objective on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a report on Tuesday, August 6th. Redburn Atlantic assumed coverage on The Carlyle Group in a report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price for the company. Finally, UBS Group upped their price objective on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.33.

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.