Van ECK Associates Corp Increases Position in The Carlyle Group Inc. (NASDAQ:CG)

Van ECK Associates Corp raised its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 96.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,697 shares of the financial services provider's stock after buying an additional 74,958 shares during the period. Van ECK Associates Corp's holdings in The Carlyle Group were worth $6,575,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CG. Tobam acquired a new stake in The Carlyle Group during the second quarter worth approximately $27,000. Blue Trust Inc. increased its holdings in The Carlyle Group by 506.3% in the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider's stock worth $31,000 after purchasing an additional 643 shares in the last quarter. Rothschild Investment LLC bought a new position in The Carlyle Group in the 2nd quarter valued at approximately $50,000. 1832 Asset Management L.P. bought a new stake in shares of The Carlyle Group in the first quarter worth $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider's stock valued at $73,000 after buying an additional 1,600 shares during the period. 55.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $60.00 price objective on shares of The Carlyle Group in a research note on Wednesday, October 9th. Redburn Atlantic started coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They set a "buy" rating and a $55.00 target price for the company. Wells Fargo & Company lifted their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 9th. Barclays raised their target price on The Carlyle Group from $50.00 to $57.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Morgan Stanley lifted their price objective on The Carlyle Group from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Thursday, October 10th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $52.87.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm's 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 sale, the insider now owns 3,643,231 shares of the company's stock, valued at $7,796,514.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 1,676,014 shares of company stock valued at $3,687,196 in the last 90 days. Insiders own 27.20% of the company's stock.

The Carlyle Group Trading Down 1.0 %

Shares of NASDAQ CG traded down $0.54 during trading hours on Friday, reaching $51.81. The stock had a trading volume of 1,765,306 shares, compared to its average volume of 2,325,142. 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 business's fifty day moving average price is $45.37 and its two-hundred day moving average price is $43.41. The firm has a market cap of $18.46 billion, a price-to-earnings ratio of -46.32, a P/E/G ratio of 1.25 and a beta of 1.70. The Carlyle Group Inc. has a 52-week low of $29.29 and a 52-week high of $54.52.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. 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 $895.00 million for the quarter, compared to the consensus estimate of $908.17 million. During the same quarter last year, the firm posted $0.87 EPS. The company's revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that The Carlyle Group Inc. will post 3.71 EPS for the current fiscal year.

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.