Texas Yale Capital Corp. Purchases 9,905 Shares of Carlyle Group Inc. (NASDAQ:CG)

Key Points

• Texas Yale Capital Corp. increased its stake in Carlyle Group Inc. by 11.5%, owning a total of 95,794 shares valued at approximately $4.18 million as per its latest SEC filing.
• Several other hedge funds, including Teacher Retirement System of Texas and Korea Investment CORP, also reported significant increases in their positions in Carlyle Group during the first quarter.
• Carlyle Group's stock received upgrades from analysts, with Citigroup raising its target price from $44.00 to $65.00, reflecting a positive outlook on the company's performance.

Texas Yale Capital Corp. grew its holdings in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) by 11.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,794 shares of the financial services provider's stock after buying an additional 9,905 shares during the period. Texas Yale Capital Corp.'s holdings in Carlyle Group were worth $4,176,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Bank Pictet & Cie Europe AG purchased a new position in Carlyle Group in the 4th quarter worth about $215,000. American Century Companies Inc. grew its position in Carlyle Group by 2.3% during the fourth quarter. American Century Companies Inc. now owns 66,678 shares of the financial services provider's stock valued at $3,367,000 after buying an additional 1,495 shares during the period. Sei Investments Co. raised its position in Carlyle Group by 16.9% in the fourth quarter. Sei Investments Co. now owns 55,609 shares of the financial services provider's stock worth $2,807,000 after acquiring an additional 8,027 shares during the period. LPL Financial LLC increased its stake in shares of Carlyle Group by 36.1% in the 4th quarter. LPL Financial LLC now owns 165,220 shares of the financial services provider's stock worth $8,342,000 after purchasing an additional 43,865 shares in the last quarter. Finally, Korea Investment CORP lifted its position in Carlyle Group by 28.6% during the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock valued at $8,364,000 after purchasing an additional 36,873 shares in the last quarter. Institutional investors own 55.88% of the company's stock.

Carlyle Group Trading Down 0.8%

NASDAQ:CG traded down $0.50 during midday trading on Monday, hitting $62.95. 2,088,548 shares of the company traded hands, compared to its average volume of 2,368,958. The firm's fifty day moving average is $51.36 and its 200-day moving average is $47.64. Carlyle Group Inc. has a 12-month low of $33.02 and a 12-month high of $63.74. The firm has a market capitalization of $22.73 billion, a P/E ratio of 16.74, a P/E/G ratio of 1.23 and a beta of 1.86. The company has a current ratio of 2.36, a quick ratio of 2.36 and a debt-to-equity ratio of 1.56.

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, topping analysts' consensus estimates of $0.97 by $0.17. Carlyle Group had a return on equity of 23.78% and a net margin of 19.00%. The business had revenue of $973.10 million for the quarter, compared to analyst estimates of $972.27 million. During the same quarter last year, the firm posted $1.01 earnings per share. The business's revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts predict that Carlyle Group Inc. will post 4.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley reduced their target price on shares of Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Keefe, Bruyette & Woods increased their target price on shares of Carlyle Group from $43.00 to $45.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. JMP Securities increased their target price on shares of Carlyle Group from $58.00 to $70.00 and gave the stock a "market outperform" rating in a report on Monday, July 14th. TD Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price target for the company in a research note on Wednesday, May 14th. Finally, Bank of America dropped 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. Two research 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 currently has an average rating of "Hold" and an average target price of $57.73.

Carlyle Group 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.