LGT Capital Partners LTD. Purchases 76,000 Shares of Carlyle Group Inc. (NASDAQ:CG)

Key Points

• LGT Capital Partners LTD. increased its stake in Carlyle Group Inc. by 10.3%, owning 817,000 shares worth approximately $35.6 million.
• A number of hedge funds, including Frontier Capital Management and Deutsche Bank AG, significantly boosted their positions in Carlyle Group during the fourth quarter.
• Research analysts raised their price targets for Carlyle Group, with JMP Securities increasing the target from $58.00 to $70.00 and maintaining a "market outperform" rating.

LGT Capital Partners LTD. lifted its stake in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 10.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 817,000 shares of the financial services provider's stock after purchasing an additional 76,000 shares during the period. Carlyle Group comprises about 1.6% of LGT Capital Partners LTD.'s investment portfolio, making the stock its 22nd biggest holding. LGT Capital Partners LTD. owned about 0.23% of Carlyle Group worth $35,613,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Capital World Investors increased its stake in Carlyle Group by 0.3% in the 4th quarter. Capital World Investors now owns 19,778,358 shares of the financial services provider's stock valued at $998,609,000 after buying an additional 50,784 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Carlyle Group by 7.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider's stock worth $297,613,000 after purchasing an additional 476,127 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in Carlyle Group by 98.8% in the 4th 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 buying an additional 1,220,827 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Carlyle Group by 8.1% in the 4th quarter. Ameriprise Financial Inc. now owns 2,237,249 shares of the financial services provider's stock worth $112,959,000 after acquiring an additional 167,331 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Carlyle Group by 14.9% during the fourth quarter. Northern Trust Corp now owns 2,205,181 shares of the financial services provider's stock worth $111,340,000 after purchasing an additional 285,935 shares in the last quarter. Institutional investors own 55.88% of the company's stock.

Carlyle Group Trading Down 1.5%

NASDAQ:CG traded down $0.91 during trading hours on Tuesday, hitting $59.52. The company had a trading volume of 331,513 shares, compared to its average volume of 2,808,477. The company has a debt-to-equity ratio of 1.56, a current ratio of 2.36 and a quick ratio of 2.36. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $63.74. The company has a market capitalization of $21.49 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.13 and a beta of 1.90. The stock has a 50-day moving average price of $52.98 and a 200 day moving average price of $47.91.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its earnings results on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.17. The firm had revenue of $973.10 million for 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 business's revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 earnings per share. On average, equities research analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on CG shares. Wells Fargo & Company raised their price objective on Carlyle Group from $49.00 to $61.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Citigroup upgraded shares of Carlyle Group from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $44.00 to $65.00 in a report on Thursday, July 10th. Barclays reissued an "overweight" rating and issued a $64.00 price target (up previously from $49.00) on shares of Carlyle Group in a research note on Thursday, July 10th. Evercore ISI lifted their price objective on shares of Carlyle Group from $45.00 to $58.00 and gave the company an "in-line" rating in a report on Thursday, July 10th. Finally, Morgan Stanley lowered their target price on Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $57.73.

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.