Sumitomo Mitsui Trust Group Inc. Increases Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Sumitomo Mitsui Trust Group Inc. raised its stake in The Carlyle Group Inc. (NASDAQ:CG) by 1.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 509,538 shares of the financial services provider’s stock after buying an additional 7,891 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.14% of The Carlyle Group worth $25,727,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Valley National Advisers Inc. lifted its stake in The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 327 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 405 shares during the last quarter. Brooklyn Investment Group bought a new position in The Carlyle Group during the 3rd quarter worth approximately $33,000. Fifth Third Bancorp increased its stake in The Carlyle Group by 53.9% in the 4th quarter. Fifth Third Bancorp now owns 962 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 337 shares during the period. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of The Carlyle Group during the fourth quarter valued at approximately $57,000. 55.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. UBS Group boosted their price target on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Barclays lifted their price objective on The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. TD Cowen raised their price target on The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company boosted their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group has a consensus rating of “Hold” and an average target price of $55.07.

The Carlyle Group Stock Performance

NASDAQ CG opened at $49.58 on Wednesday. The business has a 50-day moving average price of $52.79 and a 200-day moving average price of $48.25. The firm has a market cap of $17.73 billion, a price-to-earnings ratio of 170.97, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70. The Carlyle Group Inc. has a twelve month low of $36.65 and a twelve month high of $57.50. 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 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.