Tokio Marine Asset Management Co. Ltd. Has $570,000 Position in The Carlyle Group Inc. (NASDAQ:CG)

Tokio Marine Asset Management Co. Ltd. raised its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 6.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,288 shares of the financial services provider’s stock after purchasing an additional 722 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in The Carlyle Group were worth $570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CG. FMR LLC raised its holdings in shares of The Carlyle Group by 72.8% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of The Carlyle Group by 68.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after purchasing an additional 777,304 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of The Carlyle Group by 22.8% during 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 purchasing an additional 391,553 shares in the last quarter. Franklin Street Advisors Inc. NC bought a new position in shares of The Carlyle Group during the 4th quarter valued at $17,671,000. Finally, Phase 2 Partners LLC bought a new position in shares of The Carlyle Group during the 3rd quarter valued at $7,402,000. Institutional investors own 55.88% of the company’s stock.

Insider Buying and Selling at The Carlyle Group

In other news, Director Daniel A. D’aniello sold 495,542 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 27.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Morgan Stanley lifted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. 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 report on Monday, October 14th. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, December 8th. Finally, JMP Securities restated a “market outperform” rating and set a $60.00 price objective on shares of The Carlyle Group in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $54.44.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock opened at $52.18 on Wednesday. The firm has a market cap of $18.66 billion, a P/E ratio of 179.93, a price-to-earnings-growth ratio of 0.98 and a beta of 1.70. The Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month high of $57.50. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The firm’s 50-day simple moving average is $52.90 and its 200-day simple moving average is $48.06.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.87 earnings per share. As a group, research analysts expect that The Carlyle Group Inc. will post 3.73 EPS for the current fiscal year.

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.