Raymond James & Associates Has $23.53 Million Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Raymond James & Associates grew its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 11.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 546,405 shares of the financial services provider's stock after purchasing an additional 55,364 shares during the period. Raymond James & Associates owned approximately 0.15% of The Carlyle Group worth $23,528,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In related news, major shareholder Carlyle Group Inc. sold 275,000 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total value of $605,000.00. Following the completion of the sale, the insider now directly owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 2,364,800 shares of company stock valued at $31,305,005. 27.20% of the stock is owned by company insiders.

The Carlyle Group Stock Performance

CG stock traded up $0.11 during mid-day trading on Friday, hitting $50.22. 1,235,981 shares of the company were exchanged, compared to its average volume of 2,320,407. The Carlyle Group Inc. has a 1-year low of $27.13 and a 1-year high of $52.73. The business has a 50 day simple moving average of $43.27 and a 200-day simple moving average of $43.06. 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 stock has a market capitalization of $18.07 billion, a PE ratio of -27.99, a price-to-earnings-growth ratio of 1.25 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. During the same quarter last year, the firm earned $0.88 earnings per share. The business's revenue for the quarter was up 131.5% compared to the same quarter last year. On average, equities analysts forecast that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CG shares. Wells Fargo & Company increased their price target on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. JMP Securities reiterated a "market outperform" rating and set a $60.00 price objective on shares of The Carlyle Group in a research note on Wednesday, October 9th. Redburn Atlantic started coverage on The Carlyle Group in a report on Tuesday, August 27th. They issued a "buy" rating and a $55.00 target price on the stock. Barclays raised their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an "overweight" rating in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a "neutral" rating in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $51.33.

The Carlyle Group 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.