The Carlyle Group Inc. (NASDAQ:CG) Stake Increased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,185 shares of the financial services provider's stock after acquiring an additional 12,131 shares during the quarter. Price T Rowe Associates Inc. MD's holdings in The Carlyle Group were worth $6,877,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in The Carlyle Group during the 4th quarter worth $25,000. National Pension Service bought a new position in The Carlyle Group during the fourth quarter worth about $25,000. Valley National Advisers Inc. boosted its holdings in shares of The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock valued at $27,000 after buying an additional 327 shares during the period. Nisa Investment Advisors LLC raised its position in The Carlyle Group by 253.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider's stock valued at $29,000 after buying an additional 405 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in shares of The Carlyle Group by 8,090.9% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 901 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 890 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company's stock.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock traded up $0.72 on Friday, reaching $41.98. The company's stock had a trading volume of 837,505 shares, compared to its average volume of 2,588,514. The stock has a 50-day moving average price of $40.41 and a 200-day moving average price of $48.05. The Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $57.50. The company has a market capitalization of $15.15 billion, a P/E ratio of 15.10, a PEG ratio of 0.98 and a beta of 1.85. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42.

The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.14 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $972.27 million. During the same quarter in the prior year, the company posted $1.01 EPS. The business's revenue for the quarter was up 2.0% on a year-over-year basis. Analysts expect that The Carlyle Group Inc. will post 4.48 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on CG. JMP Securities reduced their price target on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Oppenheimer cut shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Morgan Stanley reduced their price target on The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. TD Cowen cut their target price on The Carlyle Group from $54.00 to $37.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Finally, Bank of America dropped their price target on The 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, ten have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, The Carlyle Group presently has a consensus rating of "Hold" and an average price target 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.