The Carlyle Group Inc. (NASDAQ:CG) Stock Position Decreased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its position in The Carlyle Group Inc. (NASDAQ:CG) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,700 shares of the financial services provider’s stock after selling 3,300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in The Carlyle Group were worth $3,410,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in The Carlyle Group in the 4th quarter worth approximately $951,000. Fifth Third Bancorp grew its stake in The Carlyle Group by 25.6% in the 4th quarter. Fifth Third Bancorp now owns 2,191 shares of the financial services provider’s stock valued at $89,000 after buying an additional 446 shares during the last quarter. State of Michigan Retirement System acquired a new position in The Carlyle Group during the 4th quarter worth $2,112,000. International Assets Investment Management LLC bought a new stake in The Carlyle Group during the fourth quarter valued at about $60,030,000. Finally, New York State Teachers Retirement System bought a new position in shares of The Carlyle Group in the fourth quarter worth about $1,349,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Trading Down 7.4 %

Shares of NASDAQ CG traded down $3.53 during midday trading on Friday, hitting $44.23. The stock had a trading volume of 4,523,838 shares, compared to its average volume of 2,165,174. 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 firm has a market cap of $15.92 billion, a P/E ratio of -24.71, a price-to-earnings-growth ratio of 1.38 and a beta of 1.75. The company’s 50-day simple moving average is $42.62 and its 200 day simple moving average is $43.68. The Carlyle Group Inc. has a fifty-two week low of $27.13 and a fifty-two week high of $50.92.

The Carlyle Group (NASDAQ:CG) last released its earnings results 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 Carlyle Group had a negative net margin of 23.04% and a positive return on equity of 23.92%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.10 million. During the same quarter in the previous year, the business earned $0.63 EPS. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. Research analysts anticipate that The Carlyle Group Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 24,390 shares of the stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $30.09, for a total value of $733,895.10. Following the sale, the insider now directly owns 11,141,580 shares in the company, valued at $335,250,142.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 1,895,740 shares of company stock valued at $67,672,787 over the last three months. Company insiders own 27.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. 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 for the company in a research note on Thursday, May 2nd. Jefferies Financial Group decreased their price objective on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. TD Cowen decreased their price target on The Carlyle Group from $45.00 to $41.00 and set a “hold” rating on the stock in a research note on Monday, July 8th. Barclays increased their price objective on The Carlyle Group from $47.00 to $51.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Finally, Oppenheimer lowered their target price on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and an average price target of $45.57.

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.