The Carlyle Group Inc. (NASDAQ:CG) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 41.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 28,257 shares of the financial services provider’s stock after buying an additional 8,326 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in The Carlyle Group were worth $1,428,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Retirement Systems of Alabama lifted its position in shares of The Carlyle Group by 0.5% in the fourth quarter. Retirement Systems of Alabama now owns 256,597 shares of the financial services provider’s stock valued at $12,956,000 after acquiring an additional 1,180 shares in the last quarter. Sargent Investment Group LLC boosted its stake in shares of The Carlyle Group by 6.5% during the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock worth $15,283,000 after purchasing an additional 18,537 shares during the last quarter. Trust Point Inc. acquired a new position in shares of The Carlyle Group in the fourth quarter valued at approximately $216,000. CENTRAL TRUST Co purchased a new position in shares of The Carlyle Group during the fourth quarter valued at approximately $97,000. Finally, Valley National Advisers Inc. grew its stake in The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 327 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

CG has been the topic of several analyst reports. Wolfe Research upgraded The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a report on Friday, January 3rd. Barclays lifted their price target on The Carlyle Group from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Evercore ISI raised 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. TD Cowen upped 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. Finally, Wells Fargo & Company boosted their price objective on shares of The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $55.07.

The Carlyle Group Stock Down 1.9 %

Shares of NASDAQ:CG opened at $51.48 on Tuesday. The company has a 50 day moving average of $52.85 and a two-hundred day moving average of $48.23. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50. 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 company has a market capitalization of $18.41 billion, a price-to-earnings ratio of 177.52, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70.

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.