The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 14.1% in the first quarter, HoldingsChannel.com reports. The firm owned 84,824 shares of the financial services provider’s stock after selling 13,978 shares during the period. Public Employees Retirement System of Ohio’s holdings in The Carlyle Group were worth $3,979,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in The Carlyle Group during the fourth quarter worth approximately $130,771,000. Capital International Investors acquired a new position in shares of The Carlyle Group in the 1st quarter worth $142,511,000. Vanguard Group Inc. raised its position in shares of The Carlyle Group by 7.6% during the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock worth $1,012,212,000 after purchasing an additional 1,756,189 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of The Carlyle Group by 194.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,593,761 shares of the financial services provider’s stock valued at $105,540,000 after purchasing an additional 1,712,133 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in The Carlyle Group by 4,693.0% in the 4th quarter. Principal Financial Group Inc. now owns 794,438 shares of the financial services provider’s stock worth $32,326,000 after purchasing an additional 777,863 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Stock Performance

Shares of CG opened at $49.74 on Thursday. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.53. The Carlyle Group Inc. has a one year low of $27.13 and a one year high of $50.92. The company’s fifty day moving average price is $42.43 and its 200 day moving average price is $43.54. The company has a market capitalization of $17.90 billion, a PE ratio of -27.79, a price-to-earnings-growth ratio of 1.40 and a beta of 1.75.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.63 earnings per share. As a group, analysts expect that The Carlyle Group Inc. will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on CG. UBS Group reduced their price objective on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $48.00 price objective (down previously from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. The Goldman Sachs Group cut their target price on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Barclays lifted their price target on The Carlyle Group from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Finally, Oppenheimer decreased their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $45.20.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 64,263 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $40.23, for a total transaction of $2,585,300.49. Following the completion of the transaction, the insider now directly owns 12,395,920 shares in the company, valued at approximately $498,687,861.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 1,730,863 shares of company stock valued at $61,224,447 in the last three months. Company 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.