DekaBank Deutsche Girozentrale Boosts Position in Carlyle Group Inc. $CG

DekaBank Deutsche Girozentrale raised its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 0.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,023 shares of the financial services provider’s stock after buying an additional 263 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Carlyle Group were worth $2,143,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CG. GAMMA Investing LLC grew its holdings in Carlyle Group by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 6,264 shares of the financial services provider’s stock valued at $273,000 after buying an additional 801 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Carlyle Group by 105.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,929 shares of the financial services provider’s stock valued at $476,000 after acquiring an additional 5,611 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Carlyle Group by 3.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 89,929 shares of the financial services provider’s stock valued at $3,920,000 after acquiring an additional 3,233 shares during the last quarter. Spire Wealth Management boosted its position in shares of Carlyle Group by 8.7% during the 1st quarter. Spire Wealth Management now owns 5,365 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 428 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Carlyle Group by 247.7% during the 1st quarter. Bessemer Group Inc. now owns 1,217 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 867 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Performance

Shares of CG stock opened at $58.48 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $69.85. The stock has a 50 day moving average price of $62.94 and a two-hundred day moving average price of $54.07. The company has a market capitalization of $21.15 billion, a P/E ratio of 17.10, a PEG ratio of 1.24 and a beta of 2.00.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CG shares. Jefferies Financial Group lifted their price target on Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. Evercore ISI lifted their price target on Carlyle Group from $45.00 to $58.00 and gave the company an “in-line” rating in a research report on Thursday, July 10th. Barclays reiterated an “overweight” rating and set a $74.00 price target (up previously from $66.00) on shares of Carlyle Group in a research report on Thursday, August 7th. BMO Capital Markets started coverage on Carlyle Group in a research report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 target price for the company. Finally, Morgan Stanley boosted their target price on Carlyle Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 21st. Seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Carlyle Group presently has a consensus rating of “Hold” and an average price target of $64.69.

Carlyle Group 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.