Kestra Private Wealth Services LLC Boosts Holdings in Carlyle Group Inc. (NASDAQ:CG)

Kestra Private Wealth Services LLC grew its stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 36.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,707 shares of the financial services provider's stock after purchasing an additional 6,343 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Carlyle Group were worth $1,033,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CG. Vanguard Group Inc. lifted its stake in shares of Carlyle Group by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 23,161,423 shares of the financial services provider's stock worth $1,169,420,000 after acquiring an additional 180,757 shares during the period. 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 stake in Carlyle Group by 7.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider's stock valued at $297,613,000 after purchasing an additional 476,127 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of Carlyle Group by 98.8% during 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 acquiring an additional 1,220,827 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Carlyle Group by 8.1% in the fourth quarter. Ameriprise Financial Inc. now owns 2,237,249 shares of the financial services provider's stock worth $112,959,000 after purchasing an additional 167,331 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CG shares. Barclays reiterated an "overweight" rating and set a $64.00 target price (up previously from $49.00) on shares of Carlyle Group in a research report on Thursday, July 10th. Morgan Stanley lowered 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. Citigroup upgraded shares of Carlyle Group from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $44.00 to $65.00 in a report on Thursday, July 10th. Bank of America decreased their price target on Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a research note on Friday, April 4th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Carlyle Group presently has a consensus rating of "Hold" and an average price target of $57.73.

Carlyle Group Stock Up 1.8%

CG stock traded up $1.14 during trading on Friday, reaching $63.45. The stock had a trading volume of 2,155,294 shares, compared to its average volume of 2,857,618. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $63.75. The company's 50 day moving average is $50.74 and its two-hundred day moving average is $47.54. The company has a quick ratio of 2.36, a current ratio of 2.36 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $22.91 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 1.18 and a beta of 1.86.

Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly 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. Carlyle Group had a net margin of 19.00% and a return on equity of 23.78%. The company had revenue of $973.10 million during the quarter, compared to analyst estimates of $972.27 million. During the same quarter last year, the business posted $1.01 EPS. Carlyle Group's quarterly revenue was up 2.0% compared to the same quarter last year. Equities research analysts forecast that Carlyle Group Inc. will post 4.48 EPS 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.