Catalyst Capital Advisors LLC Raises Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Catalyst Capital Advisors LLC lifted its stake in The Carlyle Group Inc. (NASDAQ:CG) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,653 shares of the financial services provider’s stock after acquiring an additional 653 shares during the period. Catalyst Capital Advisors LLC’s holdings in The Carlyle Group were worth $286,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CG. Tobam acquired a new position in shares of The Carlyle Group during the second quarter worth $27,000. Blue Trust Inc. increased its position in The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after buying an additional 643 shares in the last quarter. Rothschild Investment LLC acquired a new stake in The Carlyle Group in the second quarter worth about $50,000. 1832 Asset Management L.P. purchased a new stake in shares of The Carlyle Group during the first quarter worth about $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of The Carlyle Group by 1,600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,600 shares during the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 133,643 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $2.51, for a total value of $335,443.93. Following the transaction, the insider now directly owns 4,767,697 shares in the company, valued at $11,966,919.47. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 1,676,014 shares of company stock valued at $3,687,196 in the last three months. 27.20% of the stock is currently owned by insiders.

The Carlyle Group Stock Performance

CG opened at $49.46 on Wednesday. The firm has a market capitalization of $17.62 billion, a PE ratio of -44.16, a PEG ratio of 1.27 and a beta of 1.70. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75. The Carlyle Group Inc. has a twelve month low of $28.44 and a twelve month high of $52.73. The firm’s 50-day moving average price is $44.66 and its 200 day moving average price is $43.23.

The Carlyle Group (NASDAQ:CG) last posted 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 analyst estimates of $808.73 million. The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The Carlyle Group’s revenue for the quarter was up 131.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 3.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 15th. TD Cowen increased their price objective on shares of The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. 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 for the company in a research report on Tuesday, August 6th. Wells Fargo & Company raised their price objective on shares of The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley lifted their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.