4,696 Shares in The Carlyle Group Inc. (NASDAQ:CG) Purchased by Investment Partners Asset Management Inc.

Investment Partners Asset Management Inc. acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the third quarter, Holdings Channel.com reports. The firm acquired 4,696 shares of the financial services provider’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Tobam purchased a new stake in shares of The Carlyle Group during the second quarter worth approximately $27,000. Blue Trust Inc. raised its position in shares of The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after buying an additional 643 shares during the last quarter. Rothschild Investment LLC purchased a new position in The Carlyle Group in the 2nd quarter worth approximately $50,000. 1832 Asset Management L.P. purchased a new stake in shares of The Carlyle Group in the first quarter valued at approximately $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of The Carlyle Group by 1,600.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Insider Activity at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the business’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the transaction, the insider now owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 2,206,710 shares of company stock valued at $25,163,209 over the last quarter. Insiders own 27.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CG shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Morgan Stanley lifted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. TD Cowen increased their price objective on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Barclays boosted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.33.

The Carlyle Group Price Performance

Shares of CG stock traded up $0.48 during midday trading on Monday, reaching $50.70. 124,547 shares of the company traded hands, compared to its average volume of 2,309,850. The firm has a market cap of $18.25 billion, a PE ratio of -28.29, a price-to-earnings-growth ratio of 1.25 and a beta of 1.73. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The firm’s 50 day simple moving average is $43.46 and its two-hundred day simple moving average is $43.02. The Carlyle Group Inc. has a 1-year low of $27.13 and a 1-year high of $52.73.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $808.73 million. During the same period in the previous year, the company posted $0.88 earnings per share. The Carlyle Group’s revenue was up 131.5% on a year-over-year basis. On average, equities research analysts expect that The Carlyle Group Inc. will post 3.76 EPS for the current fiscal year.

The Carlyle Group Company 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.