The Carlyle Group Inc. (NASDAQ:CG) Shares Purchased by Sargent Investment Group LLC

Sargent Investment Group LLC raised its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 302,385 shares of the financial services provider's stock after buying an additional 18,537 shares during the quarter. The Carlyle Group comprises approximately 2.5% of Sargent Investment Group LLC's portfolio, making the stock its 6th biggest position. Sargent Investment Group LLC owned 0.08% of The Carlyle Group worth $15,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of The Carlyle Group by 72.8% during the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider's stock valued at $174,469,000 after acquiring an additional 1,707,520 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in The Carlyle Group by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock worth $82,651,000 after buying an additional 777,304 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in The Carlyle Group by 22.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider's stock worth $90,740,000 after buying an additional 391,553 shares in the last quarter. Franklin Street Advisors Inc. NC bought a new stake in The Carlyle Group in the 4th quarter worth about $17,671,000. Finally, Phase 2 Partners LLC bought a new stake in The Carlyle Group in the 3rd quarter worth about $7,402,000. Hedge funds and other institutional investors own 55.88% of the company's stock.

Insider Activity

In related news, Director Daniel A. D'aniello sold 495,542 shares of The Carlyle Group stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 27.20% of the company's stock.

The Carlyle Group Stock Performance

The Carlyle Group stock traded down $0.09 during midday trading on Friday, hitting $52.49. 2,430,511 shares of the company were exchanged, compared to its average volume of 1,799,539. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. The business has a fifty day simple moving average of $52.88 and a two-hundred day simple moving average of $48.16. The firm has a market capitalization of $18.77 billion, a PE ratio of 181.00, a price-to-earnings-growth ratio of 0.92 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The company had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The Carlyle Group's quarterly revenue was up 15.2% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. On average, sell-side analysts forecast that The Carlyle Group Inc. will post 3.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. TD Cowen boosted their price target on The Carlyle Group from $43.00 to $49.00 and gave the company a "hold" rating in a research note on Friday, November 8th. StockNews.com downgraded The Carlyle Group from a "hold" rating to a "sell" rating in a research note on Sunday, December 8th. UBS Group boosted their price target on The Carlyle Group from $43.00 to $54.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 price objective on the stock in a research report on Friday, January 3rd. Finally, Evercore ISI lifted their price objective on 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $54.44.

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.