Allspring Global Investments Holdings LLC Acquires New Holdings in Carlyle Group Inc. $CG

Allspring Global Investments Holdings LLC acquired a new stake in shares of Carlyle Group Inc. (NASDAQ:CG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,465 shares of the financial services provider’s stock, valued at approximately $236,000.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Carlyle Group by 4.9% in the first quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock worth $1,058,929,000 after purchasing an additional 1,131,514 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Carlyle Group by 7.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider’s stock valued at $297,613,000 after acquiring an additional 476,127 shares in the last quarter. Ameriprise Financial Inc. raised its position in Carlyle Group by 21.7% during the first quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider’s stock valued at $118,684,000 after acquiring an additional 485,488 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Carlyle Group by 37.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,604,610 shares of the financial services provider’s stock valued at $69,945,000 after acquiring an additional 441,276 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Carlyle Group by 1.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,427,171 shares of the financial services provider’s stock valued at $62,210,000 after acquiring an additional 20,970 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $64.23, for a total transaction of $13,013,383.38. Following the sale, the general counsel directly owned 753,255 shares of the company’s stock, valued at approximately $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 26.30% of the company’s stock.

Carlyle Group Stock Up 1.6%

CG stock opened at $58.48 on Friday. Carlyle Group Inc. has a twelve month low of $33.02 and a twelve month high of $69.85. The company has a market cap of $21.15 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.24 and a beta of 2.00. The business’s 50-day simple moving average is $62.94 and its 200 day simple moving average is $54.07. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.52.

Analyst Ratings Changes

CG has been the topic of a number of research analyst reports. Citigroup lowered their price target on Carlyle Group from $75.00 to $74.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Jefferies Financial Group upped their target price on Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. BMO Capital Markets began coverage on Carlyle Group in a research note on Friday, October 3rd. They set an “outperform” rating and a $74.00 target price for the company. Morgan Stanley raised their price objective on Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. Finally, JMP Securities lifted their target price on Carlyle Group from $70.00 to $75.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 14th. Seven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $64.69.

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.