Augustine Asset Management Inc. Reduces Holdings in The Carlyle Group Inc. (NASDAQ:CG)

Augustine Asset Management Inc. lessened its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,566 shares of the financial services provider’s stock after selling 1,357 shares during the quarter. The Carlyle Group makes up approximately 0.8% of Augustine Asset Management Inc.’s portfolio, making the stock its 23rd biggest position. Augustine Asset Management Inc.’s holdings in The Carlyle Group were worth $3,108,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Creative Planning raised its position in The Carlyle Group by 10.3% during the 2nd quarter. Creative Planning now owns 11,905 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 1,111 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,600 shares during the period. Wesbanco Bank Inc. lifted its stake in The Carlyle Group by 27.0% in the third quarter. Wesbanco Bank Inc. now owns 159,602 shares of the financial services provider’s stock worth $6,872,000 after acquiring an additional 33,904 shares during the period. Bfsg LLC boosted its holdings in The Carlyle Group by 8.4% in the third quarter. Bfsg LLC now owns 6,762 shares of the financial services provider’s stock valued at $291,000 after acquiring an additional 522 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in The Carlyle Group by 0.5% in the 3rd quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock worth $1,797,000 after purchasing an additional 208 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Down 3.7 %

NASDAQ:CG opened at $49.58 on Wednesday. The firm has a 50-day simple moving average of $52.79 and a two-hundred day simple moving average of $48.25. The firm has a market cap of $17.73 billion, a P/E ratio of 170.97, a P/E/G ratio of 0.92 and a beta of 1.70. The Carlyle Group Inc. has a fifty-two week low of $36.65 and a fifty-two week high of $57.50. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.32 and a current ratio of 2.32.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CG shares. Keefe, Bruyette & Woods boosted their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their target price on The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com cut The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, December 8th. UBS Group increased their price objective on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, TD Cowen boosted their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and a consensus price target of $55.07.

About The Carlyle Group

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.