Center For Asset Management LLC Takes $254,000 Position in The Carlyle Group Inc. (NASDAQ:CG)

Center For Asset Management LLC purchased a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,033 shares of the financial services provider’s stock, valued at approximately $254,000.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its holdings in shares of The Carlyle Group by 253.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after buying an additional 405 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of The Carlyle Group in the third quarter valued at about $33,000. Tobam raised its position in The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 220 shares during the last quarter. Fifth Third Bancorp lifted its stake in The Carlyle Group by 53.9% in the fourth quarter. Fifth Third Bancorp now owns 962 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 337 shares during the period. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of The Carlyle Group during the fourth quarter valued at about $57,000. Institutional investors own 55.88% of the company’s stock.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, the director now directly owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 27.20% of the company’s stock.

Analyst Upgrades and Downgrades

CG has been the subject of a number of recent research reports. TD Cowen lifted their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Oppenheimer upped their target price on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Wells Fargo & Company upped their price objective on The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $54.44.

The Carlyle Group Stock Down 0.2 %

Shares of NASDAQ:CG opened at $56.83 on Monday. 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 Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.34. The business has a fifty day moving average of $52.49 and a two-hundred day moving average of $47.54. The stock has a market cap of $20.33 billion, a P/E ratio of 195.97, a PEG ratio of 0.99 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business had revenue of $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same period in the previous year, the firm earned $0.87 EPS. The business’s revenue was up 15.2% on a year-over-year basis. On average, research analysts expect that The Carlyle Group Inc. will post 3.8 earnings per share for the current 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.