Private Management Group Inc. Has $30.32 Million Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Private Management Group Inc. increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 16.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 704,150 shares of the financial services provider's stock after purchasing an additional 101,268 shares during the quarter. Private Management Group Inc. owned approximately 0.20% of The Carlyle Group worth $30,321,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC increased its stake in shares of The Carlyle Group by 0.5% in the third quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider's stock valued at $1,797,000 after buying an additional 208 shares in the last quarter. Tobam raised its stake in shares of The Carlyle Group by 32.8% in the third quarter. Tobam now owns 890 shares of the financial services provider's stock worth $38,000 after acquiring an additional 220 shares during the last quarter. Retirement Planning Co of New England Inc. grew its stake in shares of The Carlyle Group by 2.5% during the first quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider's stock valued at $531,000 after purchasing an additional 271 shares during the last quarter. Western Pacific Wealth Management LP increased its holdings in shares of The Carlyle Group by 14.7% in the first quarter. Western Pacific Wealth Management LP now owns 2,447 shares of the financial services provider's stock valued at $115,000 after purchasing an additional 313 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in The Carlyle Group by 0.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 61,684 shares of the financial services provider's stock worth $2,484,000 after buying an additional 318 shares in the last quarter. 55.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CG. Evercore ISI upped their target price on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an "in-line" rating in a research report on Monday, October 14th. Redburn Atlantic assumed coverage on shares of The Carlyle Group in a research note on Tuesday, August 27th. They issued a "buy" rating and a $55.00 price objective on the stock. Wells Fargo & Company increased their price target on The Carlyle Group from $42.00 to $48.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 9th. TD Cowen lifted their price objective on The Carlyle Group from $41.00 to $42.00 and gave the stock a "hold" rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. increased their target price on The Carlyle Group from $44.00 to $50.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $51.33.

The Carlyle Group Stock Down 0.2 %

Shares of NASDAQ:CG traded down $0.11 during midday trading on Friday, hitting $49.92. The stock had a trading volume of 1,289,183 shares, compared to its average volume of 2,304,958. 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 50-day simple moving average is $44.48 and its 200-day simple moving average is $43.22. The Carlyle Group Inc. has a 12 month low of $28.16 and a 12 month high of $52.73. The company has a market cap of $17.79 billion, a P/E ratio of -44.57, a PEG ratio of 1.30 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. During the same quarter in the prior year, the company earned $0.88 EPS. The Carlyle Group's quarterly revenue was up 131.5% on a year-over-year basis. On average, sell-side analysts forecast that The Carlyle Group Inc. will post 3.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 924,466 shares of The Carlyle Group stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the transaction, the insider now directly owns 3,643,231 shares of the company's stock, valued at $7,796,514.34. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 1,872,366 shares of company stock worth $11,580,308 in the last quarter. 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.