According to Zacks, “The Carlyle Group Inc. is an investment firm. The Company manages an investment vehicle segment which includes corporate private equity, real assets, global credit and investment solutions. The Carlyle Group Inc. is based in Washington, United States. “
CG has been the subject of a number of other research reports. Credit Suisse Group increased their target price on shares of The Carlyle Group from $31.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, November 3rd. BidaskClub raised shares of The Carlyle Group from a “hold” rating to a “buy” rating in a report on Friday, December 18th. Morgan Stanley increased their target price on shares of The Carlyle Group from $30.00 to $31.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Bank of America raised shares of The Carlyle Group from an “underperform” rating to a “buy” rating and increased their target price for the stock from $30.00 to $35.00 in a report on Friday, November 20th. Finally, Citigroup raised The Carlyle Group from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday, October 12th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The Carlyle Group currently has a consensus rating of “Hold” and an average target price of $29.31.
The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Thursday, October 29th. The financial services provider reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.04. The business had revenue of $496.50 million during the quarter, compared to analysts’ expectations of $489.84 million. The Carlyle Group had a negative net margin of 5.38% and a positive return on equity of 25.90%. The Carlyle Group’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. Sell-side analysts anticipate that The Carlyle Group will post 1.81 EPS for the current fiscal year.
In other news, insider David M. Rubenstein sold 750,000 shares of the company’s stock in a transaction that occurred on Thursday, December 10th. The stock was sold at an average price of $29.05, for a total transaction of $21,787,500.00. Following the transaction, the insider now directly owns 42,249,644 shares of the company’s stock, valued at $1,227,352,158.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder David M. Rubenstein sold 2,000,000 shares of the stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $27.30, for a total value of $54,600,000.00. The disclosure for this sale can be found here.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CG. UBS Asset Management Americas Inc. grew its holdings in shares of The Carlyle Group by 95.6% during the third quarter. UBS Asset Management Americas Inc. now owns 469,417 shares of the financial services provider’s stock valued at $11,581,000 after buying an additional 229,407 shares during the last quarter. Truist Financial Corp boosted its stake in The Carlyle Group by 6.9% during the 3rd quarter. Truist Financial Corp now owns 28,599 shares of the financial services provider’s stock valued at $705,000 after purchasing an additional 1,856 shares during the last quarter. California State Teachers Retirement System increased its holdings in The Carlyle Group by 1.8% during the 3rd quarter. California State Teachers Retirement System now owns 216,521 shares of the financial services provider’s stock worth $5,342,000 after purchasing an additional 3,745 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of The Carlyle Group by 13.3% in the third quarter. JPMorgan Chase & Co. now owns 435,011 shares of the financial services provider’s stock worth $10,705,000 after purchasing an additional 51,204 shares during the last quarter. Finally, KAMES CAPITAL plc lifted its holdings in shares of The Carlyle Group by 7.4% in the third quarter. KAMES CAPITAL plc now owns 71,633 shares of the financial services provider’s stock valued at $1,766,000 after purchasing an additional 4,906 shares in the last quarter. Hedge funds and other institutional investors own 33.08% of the company’s stock.
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.
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