Thurston Springer Miller Herd & Titak Inc. Purchases New Position in The Carlyle Group Inc. (NASDAQ:CG)

Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 4,008 shares of the financial services provider’s stock, valued at approximately $161,000.

Several other large investors also recently bought and sold shares of CG. Norges Bank purchased a new stake in The Carlyle Group during the 4th quarter worth approximately $130,771,000. Capital International Investors purchased a new stake in shares of The Carlyle Group in the first quarter valued at approximately $142,511,000. Boston Partners purchased a new stake in shares of The Carlyle Group in the first quarter valued at approximately $109,122,000. Vanguard Group Inc. grew its position in shares of The Carlyle Group by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 24,876,188 shares of the financial services provider’s stock valued at $1,012,212,000 after purchasing an additional 1,756,189 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of The Carlyle Group by 194.2% in 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 in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Stock Down 3.8 %

NASDAQ:CG traded down $1.57 during trading hours on Tuesday, hitting $39.34. The company’s stock had a trading volume of 4,110,695 shares, compared to its average volume of 2,277,265. The stock has a market capitalization of $14.16 billion, a P/E ratio of -21.98, a price-to-earnings-growth ratio of 1.38 and a beta of 1.75. The stock has a fifty day moving average of $42.55 and a 200-day moving average of $43.73. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.53. The Carlyle Group Inc. has a 52-week low of $27.13 and a 52-week high of $50.92.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $808.73 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The business’s revenue for the quarter was up 131.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS. On average, equities analysts forecast 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 analysts recently commented on CG shares. Oppenheimer decreased their price objective on The Carlyle Group from $69.00 to $64.00 and set an “outperform” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. cut The Carlyle Group from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $46.00 to $44.00 in a research note on Tuesday. TD Cowen upped their price target on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday. Barclays decreased their price target on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, The Goldman Sachs Group cut their price objective on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $45.57.

Insiders Place Their Bets

In other news, major shareholder Carlyle Group Inc. sold 127,981 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $36.19, for a total transaction of $4,631,632.39. Following the completion of the sale, the insider now owns 12,123,705 shares in the company, valued at $438,756,883.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 2,065,207 shares of company stock valued at $74,807,347. 27.20% of the stock is currently owned by insiders.

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.