Western Pacific Wealth Management LP Has $141,000 Position in The Carlyle Group Inc. (NASDAQ:CG)

Western Pacific Wealth Management LP raised its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 10.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,284 shares of the financial services provider’s stock after purchasing an additional 314 shares during the period. Western Pacific Wealth Management LP’s holdings in The Carlyle Group were worth $141,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Capital World Investors increased its stake in shares of The Carlyle Group by 0.4% during the 1st quarter. Capital World Investors now owns 20,053,012 shares of the financial services provider’s stock worth $940,687,000 after purchasing an additional 79,681 shares during the last quarter. William Blair Investment Management LLC lifted its position in The Carlyle Group by 6.5% during 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 last quarter. Ariel Investments LLC boosted its holdings in The Carlyle Group by 1.1% during the second quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider’s stock valued at $198,250,000 after acquiring an additional 54,805 shares during the period. Capital International Investors acquired a new stake in shares of The Carlyle Group in the first quarter valued at about $142,511,000. Finally, Bank of New York Mellon Corp lifted its position in shares of The Carlyle Group by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,727,870 shares of the financial services provider’s stock worth $109,524,000 after purchasing an additional 55,662 shares during the last quarter. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Trading Down 3.5 %

Shares of CG opened at $52.35 on Friday. The stock has a fifty day moving average price of $45.37 and a two-hundred day moving average price of $43.41. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.55 and a current ratio of 2.55. The company has a market cap of $18.66 billion, a price-to-earnings ratio of -46.74, a PEG 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) last posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share 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 company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. During the same quarter in the previous year, the business posted $0.88 EPS. The company’s revenue was up 131.5% compared to the same quarter last year. Analysts predict that The Carlyle Group Inc. will post 3.71 EPS for the current fiscal year.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’s stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the transaction, the insider now owns 3,643,231 shares of the company’s stock, valued at approximately $7,796,514.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders have sold 1,676,014 shares of company stock worth $3,687,196. Insiders own 27.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Barclays upped their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Redburn Atlantic assumed coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price target on the stock. Wells Fargo & Company upped their price objective on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods lowered their price target on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 6th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.