American International Group Inc. Sells 5,859 Shares of The Carlyle Group Inc. (NASDAQ:CG)

American International Group Inc. trimmed its stake in The Carlyle Group Inc. (NASDAQ:CG) by 2.0% during the first quarter, Holdings Channel reports. The fund owned 286,508 shares of the financial services provider’s stock after selling 5,859 shares during the quarter. American International Group Inc.’s holdings in The Carlyle Group were worth $13,440,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of The Carlyle Group by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after buying an additional 1,756,189 shares during the period. William Blair Investment Management LLC increased its position in shares of The Carlyle Group by 6.5% during the first quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock valued at $554,448,000 after purchasing an additional 721,608 shares during the period. Norges Bank acquired a new position in shares of The Carlyle Group in the fourth quarter valued at $130,771,000. Goldman Sachs Group Inc. boosted its stake in The Carlyle Group by 194.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock worth $105,540,000 after buying an additional 1,712,133 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in The Carlyle Group by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,368,100 shares of the financial services provider’s stock valued at $96,375,000 after buying an additional 84,080 shares during the period. Institutional investors own 55.88% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on CG shares. The Goldman Sachs Group dropped their price target on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, May 2nd. Jefferies Financial Group dropped their price objective on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a report on Thursday, May 9th. UBS Group reduced their target price on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. TD Cowen cut their price objective on The Carlyle Group from $45.00 to $41.00 and set a “hold” rating for the company in a research report on Monday, July 8th. Finally, Oppenheimer lowered their target price on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.20.

The Carlyle Group Price Performance

Shares of NASDAQ CG traded up $2.23 during mid-day trading on Thursday, hitting $46.97. The company had a trading volume of 785,839 shares, compared to its average volume of 2,204,618. The firm has a 50-day simple moving average of $42.12 and a two-hundred day simple moving average of $43.28. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.53. The Carlyle Group Inc. has a one year low of $27.13 and a one year high of $48.52.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.09. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. During the same period last year, the business posted $0.63 earnings per share. The business’s revenue for the quarter was up 35.6% compared to the same quarter last year. Sell-side analysts expect that The Carlyle Group Inc. will post 3.89 EPS for the current year.

Insider Activity

In related news, major shareholder Carlyle Group Inc. sold 127,981 shares of The Carlyle Group stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $36.19, for a total value of $4,631,632.39. Following the transaction, the insider now directly owns 12,123,705 shares of the company’s stock, valued at $438,756,883.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 1,254,115 shares of company stock worth $42,656,234. Corporate insiders own 27.20% of the company’s stock.

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.