Allianz Asset Management GmbH Buys 10,937 Shares of Carlyle Group Inc. (NASDAQ:CG)

Allianz Asset Management GmbH boosted its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 77.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,000 shares of the financial services provider's stock after purchasing an additional 10,937 shares during the quarter. Allianz Asset Management GmbH's holdings in Carlyle Group were worth $1,090,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its position in shares of Carlyle Group by 201.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,351,432 shares of the financial services provider's stock valued at $320,684,000 after acquiring an additional 4,244,131 shares during the period. Frontier Capital Management Co. LLC boosted its position in shares of Carlyle Group by 98.8% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,455,963 shares of the financial services provider's stock valued at $124,002,000 after acquiring an additional 1,220,827 shares during the period. Norges Bank bought a new stake in shares of Carlyle Group in the fourth quarter valued at about $44,532,000. Deutsche Bank AG boosted its position in shares of Carlyle Group by 250.1% in the fourth quarter. Deutsche Bank AG now owns 1,041,816 shares of the financial services provider's stock valued at $52,601,000 after acquiring an additional 744,238 shares during the period. Finally, Soros Fund Management LLC bought a new stake in shares of Carlyle Group in the fourth quarter valued at about $23,204,000. 55.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CG has been the subject of a number of recent research reports. Citigroup raised shares of Carlyle Group from a "neutral" rating to a "buy" rating and boosted their target price for the company from $44.00 to $65.00 in a research report on Thursday, July 10th. JMP Securities upped their price objective on shares of Carlyle Group from $58.00 to $70.00 and gave the stock a "market outperform" rating in a research report on Monday, July 14th. Barclays reaffirmed an "overweight" rating and set a $64.00 price objective (up previously from $49.00) on shares of Carlyle Group in a research report on Thursday, July 10th. Morgan Stanley cut their price objective on shares of Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, TD Cowen raised shares of Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Carlyle Group has a consensus rating of "Hold" and an average target price of $57.73.

Carlyle Group Stock Performance

Carlyle Group stock opened at $60.66 on Friday. The business has a 50 day moving average of $52.36 and a 200-day moving average of $47.91. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $63.74. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36. The company has a market capitalization of $21.91 billion, a P/E ratio of 20.56, a P/E/G ratio of 1.20 and a beta of 1.86.

Carlyle Group (NASDAQ:CG - Get Free Report) last released its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.17. The business had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. On average, equities research analysts predict that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

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.

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