American Trust Takes $267,000 Position in The Carlyle Group Inc. (NASDAQ:CG)

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

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in The Carlyle Group by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after purchasing an additional 1,756,189 shares during the last quarter. Jessup Wealth Management Inc purchased a new position in The Carlyle Group during the first quarter worth $7,631,000. New York State Teachers Retirement System purchased a new position in The Carlyle Group during the fourth quarter worth $1,349,000. Principal Financial Group Inc. boosted its stake in The Carlyle Group by 4,693.0% during the fourth quarter. Principal Financial Group Inc. now owns 794,438 shares of the financial services provider’s stock worth $32,326,000 after buying an additional 777,863 shares during the period. Finally, Mutual of America Capital Management LLC purchased a new position in The Carlyle Group during the fourth quarter worth $5,410,000. Institutional investors own 55.88% of the company’s stock.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 64,263 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $40.23, for a total value of $2,585,300.49. Following the completion of the sale, the insider now directly owns 12,395,920 shares in the company, valued at $498,687,861.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 1,895,740 shares of company stock worth $67,672,787 over the last three months. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Stock Down 7.4 %

NASDAQ:CG traded down $3.53 during mid-day trading on Friday, reaching $44.23. The company’s 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 1 year low of $27.13 and a 1 year high of $50.92. The stock has a fifty day moving average of $42.62 and a 200-day moving average of $43.68. The firm has a market capitalization of $15.92 billion, a PE ratio of -24.71, a price-to-earnings-growth ratio of 1.38 and a beta of 1.75. 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 released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.92 by $0.09. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.63 earnings per share. Equities research analysts forecast that The Carlyle Group Inc. will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on CG shares. TD Cowen dropped their price objective on shares of The Carlyle Group from $45.00 to $41.00 and set a “hold” rating for the company in a research note on Monday, July 8th. Barclays boosted their target price on shares of The Carlyle Group from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. The Goldman Sachs Group lowered their target price on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Jefferies Financial Group lowered their target price on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Finally, Oppenheimer lowered their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $45.57.

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.