Riverwater Partners LLC Grows Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Riverwater Partners LLC increased its stake in The Carlyle Group Inc. (NASDAQ:CG) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,131 shares of the financial services provider’s stock after purchasing an additional 509 shares during the quarter. Riverwater Partners LLC’s holdings in The Carlyle Group were worth $957,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital International Investors purchased a new stake in The Carlyle Group in the first quarter valued at approximately $142,511,000. Boston Partners purchased a new position in The Carlyle Group in the first quarter worth $109,122,000. Massachusetts Financial Services Co. MA raised its position in The Carlyle Group by 17,468.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,715,748 shares of the financial services provider’s stock valued at $68,887,000 after purchasing an additional 1,705,982 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of The Carlyle Group in the 2nd quarter worth about $37,009,000. Finally, William Blair Investment Management LLC raised its holdings in shares of The Carlyle Group by 6.5% during the 1st quarter. William Blair Investment Management LLC now owns 11,819,403 shares of the financial services provider’s stock valued at $554,448,000 after buying an additional 721,608 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Stock Down 1.0 %

NASDAQ CG opened at $49.25 on Thursday. The stock has a 50 day moving average price of $43.11 and a 200-day moving average price of $43.01. The Carlyle Group Inc. has a one year low of $27.13 and a one year high of $52.73. The company has a market capitalization of $17.72 billion, a P/E ratio of -27.51, a P/E/G ratio of 1.25 and a beta of 1.73. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.55 and a current ratio of 2.55.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The company’s revenue was up 131.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 EPS. As a group, equities analysts predict that The Carlyle Group Inc. will post 3.76 EPS for the current fiscal year.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of The Carlyle Group stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the sale, the insider now directly owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 2,468,726 shares of company stock worth $35,363,315 over the last 90 days. Company insiders own 27.20% of the company’s stock.

Wall Street Analyst Weigh In

CG has been the subject of a number of recent research reports. Redburn Atlantic initiated coverage on The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price for the company. Keefe, Bruyette & Woods decreased their target price on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 6th. JMP Securities reissued a “market outperform” rating and issued a $60.00 price target on shares of The Carlyle Group in a report on Wednesday, October 9th. TD Cowen upped their price objective on shares of The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, Wells Fargo & Company boosted their price target on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and an average price target of $51.33.

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.