The Carlyle Group Inc. (NASDAQ:CG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 60.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,485 shares of the financial services provider’s stock after selling 6,800 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in The Carlyle Group were worth $193,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CG. Tobam acquired a new stake in shares of The Carlyle Group in the second quarter valued at $27,000. Blue Trust Inc. lifted its holdings in The Carlyle Group by 506.3% in the 2nd quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 643 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of The Carlyle Group in the 2nd quarter worth approximately $50,000. 1832 Asset Management L.P. acquired a new stake in The Carlyle Group during the first quarter valued at approximately $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in 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 worth $73,000 after buying an additional 1,600 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 133,643 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $2.51, for a total transaction of $335,443.93. Following the completion of the sale, the insider now owns 4,767,697 shares in the company, valued at $11,966,919.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 1,754,194 shares of company stock valued at $6,809,705 in the last 90 days. 27.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Barclays lifted their price target on The Carlyle Group from $46.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. UBS Group boosted their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Redburn Atlantic initiated coverage on shares of The Carlyle Group in a research report on Tuesday, August 27th. They set a “buy” rating and a $55.00 price objective on the stock. Wells Fargo & Company increased their target price on The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Finally, Evercore ISI lifted their price target on The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $51.33.

The Carlyle Group Trading Down 0.2 %

Shares of The Carlyle Group stock opened at $49.92 on Monday. The company has a market cap of $17.79 billion, a price-to-earnings ratio of -44.57, a PEG ratio of 1.27 and a beta of 1.70. The Carlyle Group Inc. has a 1 year low of $28.16 and a 1 year high of $52.73. The company’s fifty day simple moving average is $44.48 and its 200-day simple moving average is $43.20. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.05). The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. During the same period in the previous year, the business posted $0.88 EPS. The Carlyle Group’s revenue for the quarter was up 131.5% compared to the same quarter last year. As a group, sell-side analysts expect that The Carlyle Group Inc. will post 3.71 EPS for the current 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.