Vulcan Value Partners LLC Has $225.91 Million Holdings in Carlyle Group Inc. (NASDAQ:CG)

Key Points

• Vulcan Value Partners LLC reduced its stake in Carlyle Group Inc. by 2.9%, holding approximately $225.91 million in shares, which accounts for 4.2% of its portfolio.
• Several hedge funds, including Moors & Cabot Inc. and Natixis Advisors LLC, significantly increased their holdings in Carlyle Group during the first quarter.
• Carlyle Group's stock has recently experienced a 2.1% decline, and analysts have varied ratings for the stock, with an average consensus rating of "Hold" and a price target of $57.73.

Vulcan Value Partners LLC cut its stake in Carlyle Group Inc. (NASDAQ:CG - Free Report) by 2.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,180,438 shares of the financial services provider's stock after selling 153,158 shares during the quarter. Carlyle Group accounts for 4.2% of Vulcan Value Partners LLC's holdings, making the stock its 9th biggest position. Vulcan Value Partners LLC owned 1.44% of Carlyle Group worth $225,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of CG. Capital World Investors lifted its holdings in Carlyle Group by 0.3% during 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 purchasing an additional 50,784 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of 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 worth $297,613,000 after purchasing an additional 476,127 shares during the period. Frontier Capital Management Co. LLC increased 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 worth $124,002,000 after purchasing an additional 1,220,827 shares during the period. Ameriprise Financial Inc. grew its position in 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 valued at $112,959,000 after acquiring an additional 167,331 shares during the last quarter. Finally, Northern Trust Corp grew its position in Carlyle Group by 14.9% in the fourth quarter. Northern Trust Corp now owns 2,205,181 shares of the financial services provider's stock valued at $111,340,000 after acquiring an additional 285,935 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

Carlyle Group Stock Down 3.2%

Shares of CG stock traded down $1.95 during mid-day trading on Friday, hitting $58.71. The company's stock had a trading volume of 2,858,120 shares, compared to its average volume of 2,286,533. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $63.74. The business has a 50-day moving average price of $52.65 and a 200 day moving average price of $47.92. 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 stock has a market cap of $21.20 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.13 and a beta of 1.90.

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

Analyst Upgrades and Downgrades

CG has been the topic of a number of recent research reports. JMP Securities lifted their price target on Carlyle Group from $58.00 to $70.00 and gave the company a "market outperform" rating in a research note on Monday, July 14th. Citigroup upgraded Carlyle Group from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $44.00 to $65.00 in a report on Thursday, July 10th. Cowen raised Carlyle Group from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Wells Fargo & Company increased their price target on Carlyle Group from $49.00 to $61.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Finally, TD Cowen upgraded Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective for the company in a research note on Wednesday, May 14th. Two 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.