Northern Trust Corp Buys 285,935 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Northern Trust Corp boosted its position in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 14.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,205,181 shares of the financial services provider's stock after purchasing an additional 285,935 shares during the period. Northern Trust Corp owned about 0.62% of The Carlyle Group worth $111,340,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CG. Optiver Holding B.V. increased its position in The Carlyle Group by 19.9% during the fourth quarter. Optiver Holding B.V. now owns 2,935 shares of the financial services provider's stock worth $148,000 after buying an additional 488 shares in the last quarter. Quarry LP purchased a new position in The Carlyle Group in the 4th quarter valued at about $71,000. Aquatic Capital Management LLC purchased a new stake in shares of The Carlyle Group during the fourth quarter worth about $3,815,000. Johnson Financial Group Inc. acquired a new stake in The Carlyle Group during the fourth quarter worth approximately $48,000. Finally, Miller Value Partners LLC acquired a new position in The Carlyle Group in the 4th quarter valued at $3,534,000. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Stock Up 1.9 %

CG stock traded up $0.79 during midday trading on Friday, reaching $42.05. The company had a trading volume of 1,008,294 shares, compared to its average volume of 2,589,035. The company has a 50 day moving average of $40.41 and a two-hundred day moving average of $48.05. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $57.50. The company has a market capitalization of $15.18 billion, a P/E ratio of 15.13, a PEG ratio of 0.98 and a beta of 1.85.

The Carlyle Group (NASDAQ:CG - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.16. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The business had revenue of $973.10 million for the quarter, compared to the consensus estimate of $972.27 million. During the same quarter last year, the firm earned $1.01 EPS. The Carlyle Group's revenue for the quarter was up 2.0% on a year-over-year basis. On average, equities research analysts expect that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CG has been the subject of several recent analyst reports. Wells Fargo & Company lowered their price target on The Carlyle Group from $48.00 to $39.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley dropped their price objective on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. JMP Securities cut their price objective on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Evercore ISI boosted their target price on The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a report on Wednesday, February 12th. Finally, Citigroup decreased their price objective on shares of The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $51.25.

The 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.