156,849 Shares in The Carlyle Group Inc. (NASDAQ:CG) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 156,849 shares of the financial services provider's stock, valued at approximately $67,540,000.

Other institutional investors have also added to or reduced their stakes in the company. Tobam bought a new stake in The Carlyle Group during the second quarter worth about $27,000. Blue Trust Inc. boosted its position in shares of The Carlyle Group by 506.3% during the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider's stock worth $31,000 after acquiring an additional 643 shares in the last quarter. Rothschild Investment LLC bought a new position in The Carlyle Group in the second quarter valued at approximately $50,000. 1832 Asset Management L.P. bought a new stake in The Carlyle Group during the first quarter worth $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings 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 in the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Stock Performance

The Carlyle Group stock traded up $0.11 during mid-day trading on Friday, reaching $50.22. 1,236,989 shares of the company's stock were exchanged, compared to its average volume of 2,320,407. The firm has a market capitalization of $18.07 billion, a PE ratio of -28.06, a P/E/G ratio of 1.25 and a beta of 1.73. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The business's fifty day simple moving average is $43.46 and its 200 day simple moving average is $43.02. The Carlyle Group Inc. has a one year low of $27.13 and a one year high of $52.73.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $808.73 million. During the same period in the prior year, the company earned $0.88 earnings per share. The firm's revenue was up 131.5% on a year-over-year basis. On average, sell-side analysts expect that The Carlyle Group Inc. will post 3.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CG. Morgan Stanley lifted their price target 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. Oppenheimer boosted their target price on shares of The Carlyle Group from $64.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Wells Fargo & Company raised their price objective 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. JPMorgan Chase & Co. upped their price objective on The Carlyle Group from $44.00 to $50.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, TD Cowen increased their price objective on The Carlyle Group from $41.00 to $42.00 and gave the company a "hold" rating in a report on Tuesday, August 6th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group has an average rating of "Hold" and an average price target of $51.33.

Insider Activity

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 164,877 shares of The Carlyle Group stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $39.11, for a total transaction of $6,448,339.47. Following the completion of the transaction, the insider now owns 9,128,748 shares of the company's stock, valued at $357,025,334.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 2,364,800 shares of company stock valued at $31,305,005 over the last quarter. Company insiders own 27.20% of the company's stock.

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.