Retirement Systems of Alabama Has $12.96 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

Retirement Systems of Alabama boosted its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 256,597 shares of the financial services provider’s stock after purchasing an additional 1,180 shares during the period. Retirement Systems of Alabama owned 0.07% of The Carlyle Group worth $12,956,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CG. FMR LLC lifted its stake in shares of The Carlyle Group by 72.8% in 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 during the last quarter. JPMorgan Chase & Co. lifted its position in shares of The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after buying an additional 777,304 shares during the last quarter. Massachusetts Financial Services Co. MA increased 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 acquiring an additional 391,553 shares during the last quarter. Franklin Street Advisors Inc. NC acquired a new stake in The Carlyle Group in the 4th quarter worth approximately $17,671,000. Finally, Phase 2 Partners LLC bought a new stake in The Carlyle Group during the third quarter worth approximately $7,402,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Trading Down 0.2 %

CG stock opened at $52.49 on Friday. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The firm has a market cap of $18.77 billion, a P/E ratio of 181.00, a P/E/G ratio of 0.98 and a beta of 1.70. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $57.50. The business’s 50 day moving average is $52.88 and its 200-day moving average is $48.16.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data 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 return on equity of 24.91% and a net margin of 2.21%. The company had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $908.17 million. During the same period last year, the business earned $0.87 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. Equities analysts anticipate that The Carlyle Group Inc. will post 3.73 earnings per share for the current fiscal year.

Insider Activity at The Carlyle Group

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

Analyst Ratings Changes

Several analysts recently issued reports on CG shares. Wolfe Research raised shares of The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Friday, January 3rd. Oppenheimer raised their price target on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Evercore ISI increased their target price on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. StockNews.com lowered The Carlyle Group from a “hold” rating to a “sell” rating in a report on Sunday, December 8th. Finally, Barclays boosted their target price on shares of The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and an average price target of $54.44.

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.