Argent Capital Management LLC Decreases Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Argent Capital Management LLC lowered its stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,030,429 shares of the financial services provider's stock after selling 39,319 shares during the period. The Carlyle Group makes up approximately 2.4% of Argent Capital Management LLC's portfolio, making the stock its 15th biggest holding. Argent Capital Management LLC owned about 0.56% of The Carlyle Group worth $87,430,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Tobam acquired a new position in The Carlyle Group during the second quarter worth $27,000. Blue Trust Inc. grew its holdings in The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider's stock worth $31,000 after acquiring an additional 643 shares during the period. Rothschild Investment LLC acquired a new stake in shares of The Carlyle Group in the second quarter valued at about $50,000. 1832 Asset Management L.P. purchased a new stake in The Carlyle Group during the first quarter worth about $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider's stock worth $73,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a "neutral" rating in a report on Wednesday. JMP Securities reissued a "market outperform" rating and set a $60.00 price objective on shares of The Carlyle Group in a report on Wednesday, October 9th. Keefe, Bruyette & Woods reduced their price target on shares of The Carlyle Group from $48.00 to $46.00 and set a "market perform" rating on the stock in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. Finally, UBS Group upped their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a "neutral" rating in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, The Carlyle Group presently has an average rating of "Hold" and an average target price of $51.33.

The Carlyle Group Trading Up 1.7 %

CG stock traded up $0.86 on Thursday, hitting $50.11. 841,539 shares of the company were exchanged, compared to its average volume of 2,325,607. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $52.73. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The business's fifty day moving average is $43.11 and its two-hundred day moving average is $43.01. The stock has a market capitalization of $18.03 billion, a price-to-earnings ratio of -27.51, a price-to-earnings-growth ratio of 1.25 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued 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 Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. During the same period last year, the company posted $0.88 EPS. The business's revenue for the quarter was up 131.5% on a year-over-year basis. As a group, research analysts forecast that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the sale, the insider now owns 3,643,231 shares of the company's stock, valued at $7,796,514.34. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 2,468,726 shares of company stock valued at $35,363,315 over the last 90 days. Corporate insiders own 27.20% of the company's stock.

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.