Polaris Capital Management LLC Lowers Stock Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Polaris Capital Management LLC cut its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 3.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 745,000 shares of the financial services provider’s stock after selling 26,300 shares during the period. The Carlyle Group makes up 1.8% of Polaris Capital Management LLC’s portfolio, making the stock its 21st largest holding. Polaris Capital Management LLC’s holdings in The Carlyle Group were worth $37,615,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of The Carlyle Group by 72.8% during the 3rd quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock valued at $174,469,000 after acquiring an additional 1,707,520 shares during the period. JPMorgan Chase & Co. boosted its position in The Carlyle Group by 68.1% during the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after acquiring an additional 777,304 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in The Carlyle Group by 22.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock worth $90,740,000 after acquiring an additional 391,553 shares during the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in shares of The Carlyle Group during the 4th quarter worth about $17,671,000. Finally, Phase 2 Partners LLC acquired a new stake in shares of The Carlyle Group in the third quarter valued at about $7,402,000. 55.88% of the stock is owned by hedge funds and other institutional investors.

The Carlyle Group Price Performance

The Carlyle Group stock opened at $51.48 on Tuesday. The firm has a market capitalization of $18.41 billion, a P/E ratio of 177.52, a PEG ratio of 0.92 and a beta of 1.70. The business has a 50-day moving average of $52.85 and a 200-day moving average of $48.23. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group Inc. has a 1 year low of $36.65 and a 1 year high of $57.50.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CG. Oppenheimer raised their price objective on The Carlyle Group from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods lifted their price target on The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, November 8th. Evercore ISI lifted their target price on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Wells Fargo & Company upped their price objective on shares of The Carlyle Group from $54.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, December 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $55.07.

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.