American Trust Makes New $267,000 Investment in The Carlyle Group Inc. (NASDAQ:CG)

American Trust acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 5,682 shares of the financial services provider’s stock, valued at approximately $267,000.

Other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of The Carlyle Group during the fourth quarter valued at about $130,771,000. Capital International Investors bought a new stake in The Carlyle Group in the first quarter worth approximately $142,511,000. Boston Partners bought a new stake in The Carlyle Group in the first quarter worth approximately $109,122,000. Vanguard Group Inc. increased its holdings in shares of The Carlyle Group by 7.6% during 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 acquiring an additional 1,756,189 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of 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 valued at $105,540,000 after acquiring an additional 1,712,133 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CG. UBS Group cut their target price on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th. Oppenheimer decreased their price target on shares of 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. Barclays raised their target price on shares of The Carlyle Group from $47.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $48.00 price target (down previously from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. Finally, Jefferies Financial Group cut their price target on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $45.57.

The Carlyle Group Price Performance

NASDAQ CG traded down $3.53 during mid-day trading on Friday, hitting $44.23. The stock had a trading volume of 4,523,838 shares, compared to its average volume of 2,165,174. The Carlyle Group Inc. has a 52-week low of $27.13 and a 52-week high of $50.92. The company has a market cap of $15.92 billion, a price-to-earnings ratio of -24.71, a P/E/G ratio of 1.38 and a beta of 1.75. The company has a 50 day simple moving average of $42.62 and a 200 day simple moving average of $43.68. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 1.53.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating 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 business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.10 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. Equities analysts forecast that The Carlyle Group Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 164,877 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $39.11, for a total value of $6,448,339.47. Following the completion of the sale, the insider now directly owns 9,128,748 shares of the company’s stock, valued at $357,025,334.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 1,895,740 shares of company stock worth $67,672,787. 27.20% of the stock is currently owned by corporate insiders.

About The Carlyle Group

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.