New York State Common Retirement Fund Buys 29,000 Shares of Carlyle Group Inc. $CG

New York State Common Retirement Fund grew its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 16.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 207,395 shares of the financial services provider’s stock after buying an additional 29,000 shares during the period. New York State Common Retirement Fund’s holdings in Carlyle Group were worth $13,004,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Generali Asset Management SPA SGR acquired a new stake in shares of Carlyle Group in the 3rd quarter valued at about $1,913,000. Allspring Global Investments Holdings LLC bought a new position in shares of Carlyle Group during the second quarter worth about $236,000. Galvin Gaustad & Stein LLC lifted its stake in Carlyle Group by 54.4% in the 3rd quarter. Galvin Gaustad & Stein LLC now owns 233,054 shares of the financial services provider’s stock valued at $14,612,000 after acquiring an additional 82,094 shares in the last quarter. FFG Partners LLC acquired a new position in Carlyle Group during the 3rd quarter worth approximately $1,713,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of Carlyle Group by 67.1% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 135,074 shares of the financial services provider’s stock worth $8,469,000 after acquiring an additional 54,240 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of Carlyle Group stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the completion of the transaction, the director directly owned 27,999,644 shares of the company’s stock, valued at $1,583,379,868.20. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 26.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays increased their target price on shares of Carlyle Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Keefe, Bruyette & Woods reduced their price objective on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Evercore ISI lifted their target price on Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Wolfe Research reissued an “outperform” rating on shares of Carlyle Group in a research report on Wednesday, January 7th. Finally, UBS Group boosted their price target on Carlyle Group from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $67.77.

Carlyle Group Trading Up 2.7%

Shares of NASDAQ:CG opened at $60.36 on Tuesday. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $69.85. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49. The company has a market capitalization of $21.75 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 1.05 and a beta of 2.05. The company has a 50-day simple moving average of $60.14 and a 200 day simple moving average of $60.40.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.The firm had revenue of $782.50 million for the quarter, compared to analyst estimates of $848.51 million. During the same quarter in the prior year, the company earned $0.95 earnings per share. Sell-side analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Company Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.