Victory Capital Management Inc. Has $11.37 Million Stock Holdings in Carlyle Group Inc. (NASDAQ:CG)

Victory Capital Management Inc. grew its position in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 246.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 260,941 shares of the financial services provider's stock after buying an additional 185,521 shares during the period. Victory Capital Management Inc. owned 0.07% of Carlyle Group worth $11,374,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new position in Carlyle Group during the 1st quarter valued at about $1,481,000. Korea Investment CORP boosted its holdings in shares of Carlyle Group by 28.6% during the 4th quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock worth $8,364,000 after buying an additional 36,873 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Carlyle Group by 105.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,929 shares of the financial services provider's stock valued at $476,000 after purchasing an additional 5,611 shares in the last quarter. Invesco Ltd. grew its position in shares of Carlyle Group by 9.7% during the 4th quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider's stock worth $32,856,000 after buying an additional 57,606 shares during the period. Finally, Private Trust Co. NA boosted its position in shares of Carlyle Group by 101.9% during the first quarter. Private Trust Co. NA now owns 636 shares of the financial services provider's stock worth $28,000 after purchasing an additional 321 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Carlyle Group Trading Up 1.8%

Carlyle Group stock traded up $1.14 during trading hours on Friday, hitting $63.45. The company had a trading volume of 2,155,294 shares, compared to its average volume of 2,857,618. The company has a 50-day moving average price of $50.74 and a two-hundred day moving average price of $47.54. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.36 and a current ratio of 2.36. The firm has a market cap of $22.91 billion, a P/E ratio of 21.51, a P/E/G ratio of 1.18 and a beta of 1.86. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $63.75.

Carlyle Group (NASDAQ:CG - Get Free Report) last announced its earnings results on Friday, May 9th. The financial services provider reported $1.14 EPS for the quarter, beating 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 company had revenue of $973.10 million during the quarter, compared to analysts' expectations of $972.27 million. During the same period last year, the business posted $1.01 EPS. Carlyle Group's revenue for the quarter was up 2.0% on a year-over-year basis. On average, sell-side analysts anticipate that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

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.