Lbp Am Sa Has $933,000 Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Lbp Am Sa grew its position in The Carlyle Group Inc. (NASDAQ:CG) by 42.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,886 shares of the financial services provider’s stock after purchasing an additional 5,945 shares during the period. Lbp Am Sa’s holdings in The Carlyle Group were worth $933,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Pacer Advisors Inc. bought a new stake in The Carlyle Group during the 4th quarter worth about $1,324,000. State of Alaska Department of Revenue bought a new stake in shares of The Carlyle Group in the 4th quarter valued at about $951,000. Fifth Third Bancorp boosted its position in The Carlyle Group by 25.6% during the 4th quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 446 shares during the last quarter. Oak Thistle LLC acquired a new position in The Carlyle Group during the 4th quarter worth approximately $656,000. Finally, State of Michigan Retirement System acquired a new position in The Carlyle Group during the 4th quarter worth approximately $2,112,000. 55.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price objective on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $48.00 price objective (down previously from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. Oppenheimer dropped their price objective on The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. TD Cowen dropped their price objective on The Carlyle Group from $45.00 to $41.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Finally, Barclays upped their price objective on The Carlyle Group from $47.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. One investment 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 Carlyle Group presently has a consensus rating of “Hold” and an average price target of $45.20.

The Carlyle Group Price Performance

NASDAQ:CG traded down $3.21 during trading hours on Friday, hitting $44.55. The company’s stock had a trading volume of 2,170,600 shares, compared to its average volume of 2,229,223. The stock has a fifty day simple moving average of $42.63 and a 200-day simple moving average of $43.61. The company has a market capitalization of $16.03 billion, a P/E ratio of -26.68, a PEG ratio of 1.44 and a beta of 1.75. 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 twelve month low of $27.13 and a twelve month high of $50.92.

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 analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The company 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 company earned $0.63 earnings per share. The firm’s revenue was up 35.6% compared to the same quarter last year. On average, analysts anticipate that The Carlyle Group Inc. will post 3.87 EPS for the current fiscal year.

Insider Transactions at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 127,981 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $36.19, for a total value of $4,631,632.39. Following the completion of the sale, the insider now 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 available at this hyperlink. Insiders sold 1,895,740 shares of company stock worth $67,672,787 over the last ninety days. 27.20% of the stock is owned by insiders.

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.