Carlyle Group Inc. $CG Shares Newly Acquired by VCI Wealth Management LLC

VCI Wealth Management LLC bought a new position in Carlyle Group Inc. (NASDAQ:CG) in the 3rd quarter, Holdings Channel.com reports. The firm bought 49,278 shares of the financial services provider’s stock, valued at approximately $1,954,000.

A number of other large investors have also modified their holdings of CG. Caz Investments LP acquired a new position in Carlyle Group during the 2nd quarter worth approximately $4,464,000. Miller Value Partners LLC purchased a new position in Carlyle Group in the 2nd quarter worth approximately $1,684,000. United Capital Financial Advisors LLC acquired a new stake in Carlyle Group in the second quarter valued at approximately $1,206,000. William Blair Investment Management LLC acquired a new stake in Carlyle Group in the second quarter valued at approximately $249,077,000. Finally, Hsbc Holdings PLC raised its stake in shares of Carlyle Group by 33.5% during the second quarter. Hsbc Holdings PLC now owns 283,206 shares of the financial services provider’s stock valued at $11,914,000 after purchasing an additional 71,039 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Buying and Selling at Carlyle Group

In other news, Director David Rubenstein sold 400,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $42.74, for a total transaction of $17,096,000.00. Following the completion of the sale, the director owned 26,899,644 shares of the company’s stock, valued at approximately $1,149,690,784.56. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 25.40% of the company’s stock.

Carlyle Group Price Performance

Shares of NASDAQ CG opened at $41.06 on Tuesday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.91. Carlyle Group Inc. has a fifty-two week low of $35.41 and a fifty-two week high of $67.30. The business has a 50 day moving average price of $41.30 and a two-hundred day moving average price of $47.23. The firm has a market cap of $14.63 billion, a PE ratio of 42.77, a price-to-earnings-growth ratio of 1.25 and a beta of 1.88.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. Carlyle Group’s quarterly revenue was down 28.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 EPS. Sell-side analysts expect that Carlyle Group Inc. will post 3.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Carlyle Group from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Wells Fargo & Company began coverage on shares of Carlyle Group in a report on Friday, October 2nd. They set an “equal weight” rating and a $43.00 price target for the company. Piper Sandler dropped their price target on shares of Carlyle Group from $54.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Citigroup reiterated an “outperform” rating on shares of Carlyle Group in a report on Thursday, August 6th. Finally, Wall Street Zen cut shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Monday, October 26th. Eight investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Carlyle Group currently has a consensus rating of “Hold” and an average target price of $53.00.

About Carlyle Group

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.