Alkeon Capital Management LLC Has $264.79 Million Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Alkeon Capital Management LLC trimmed its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 36.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,244,455 shares of the financial services provider's stock after selling 2,995,452 shares during the period. The Carlyle Group makes up about 0.5% of Alkeon Capital Management LLC's portfolio, making the stock its 28th biggest position. Alkeon Capital Management LLC owned about 1.47% of The Carlyle Group worth $264,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. National Pension Service acquired a new position in The Carlyle Group in the 4th quarter worth about $25,000. Golden State Wealth Management LLC purchased a new position in shares of The Carlyle Group during the 4th quarter valued at approximately $25,000. Valley National Advisers Inc. increased its holdings in The Carlyle Group by 149.3% in the 4th quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock worth $27,000 after acquiring an additional 327 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in The Carlyle Group by 253.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 405 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in shares of The Carlyle Group by 8,090.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 890 shares during the period. Institutional investors and hedge funds own 55.88% of the company's stock.

Wall Street Analysts Forecast Growth

CG has been the topic of several research analyst reports. Evercore ISI lifted their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. TD Cowen decreased their price objective on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Barclays reduced their target price on shares of The Carlyle Group from $55.00 to $43.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Citigroup decreased their target price on shares of The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Oppenheimer downgraded The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, The Carlyle Group has an average rating of "Hold" and a consensus price target of $50.88.

The Carlyle Group Stock Performance

Shares of NASDAQ CG traded up $1.87 during trading hours on Thursday, hitting $41.82. 2,354,178 shares of the stock were exchanged, compared to its average volume of 2,584,359. The firm has a market capitalization of $15.09 billion, a P/E ratio of 15.04, a P/E/G ratio of 0.98 and a beta of 1.85. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group Inc. has a one year low of $33.02 and a one year high of $57.50. The company's 50 day moving average is $40.55 and its 200 day moving average is $48.12.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.16. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The Carlyle Group's revenue was up 2.0% on a year-over-year basis. During the same period last year, the company posted $1.01 EPS. On average, research analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current year.

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.