Sumitomo Mitsui DS Asset Management Company Ltd Has $1.26 Million Stake in The Carlyle Group Inc. (NASDAQ:CG)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 43.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,853 shares of the financial services provider’s stock after purchasing an additional 7,539 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in The Carlyle Group were worth $1,255,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Valley National Advisers Inc. increased its stake in shares of 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 valued at $27,000 after buying an additional 327 shares during the period. Nisa Investment Advisors LLC grew its holdings in The Carlyle Group by 253.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 405 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of The Carlyle Group during the third quarter valued at $33,000. Fifth Third Bancorp grew its stake in shares of The Carlyle Group by 53.9% in the fourth 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 last quarter. Finally, Retirement Wealth Solutions LLC acquired a new stake in The Carlyle Group in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

The Carlyle Group Trading Down 3.7 %

Shares of CG stock opened at $49.58 on Wednesday. The business’s fifty day moving average is $52.79 and its 200 day moving average is $48.25. The Carlyle Group Inc. has a 52-week low of $36.65 and a 52-week high of $57.50. The company has a market capitalization of $17.73 billion, a PE ratio of 170.97, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CG shares. Barclays increased their price target on The Carlyle Group from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. UBS Group raised their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company raised their target price on The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. TD Cowen raised their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, Keefe, Bruyette & Woods upped their target price on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, The Carlyle Group has a consensus rating of “Hold” and a consensus price target of $55.07.

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.