Asset Management One Co. Ltd. Trims Stock Position in Carlyle Group Inc. $CG

Asset Management One Co. Ltd. trimmed its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,601 shares of the financial services provider’s stock after selling 2,328 shares during the period. Asset Management One Co. Ltd.’s holdings in Carlyle Group were worth $4,503,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CG. GAMMA Investing LLC raised its stake in shares of Carlyle Group by 14.7% during the 1st quarter. GAMMA Investing LLC now owns 6,264 shares of the financial services provider’s stock worth $273,000 after buying an additional 801 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake 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 worth $476,000 after buying an additional 5,611 shares in the last quarter. Bessemer Group Inc. raised its stake 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 worth $53,000 after buying an additional 867 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Carlyle Group by 104.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,020 shares of the financial services provider’s stock worth $44,000 after buying an additional 520 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Carlyle Group by 1.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,601 shares of the financial services provider’s stock worth $1,234,000 after buying an additional 344 shares in the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CG. BMO Capital Markets began coverage on Carlyle Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price objective for the company. Evercore ISI raised their price objective on Carlyle Group from $45.00 to $58.00 and gave the company an “in-line” rating in a research note on Thursday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carlyle Group in a research note on Wednesday, October 8th. Jefferies Financial Group raised their price objective on Carlyle Group from $54.00 to $66.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. Finally, JMP Securities raised their price objective on Carlyle Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a research note on Thursday, August 14th. Seven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.69.

Insider Buying and Selling

In related news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group stock in a transaction dated 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 transaction, the general counsel directly owned 753,255 shares in the company, valued at approximately $48,381,568.65. This trade represents a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 26.30% of the company’s stock.

Carlyle Group Stock Down 0.9%

NASDAQ:CG opened at $57.71 on Wednesday. The company has a market capitalization of $20.87 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.24 and a beta of 2.00. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85. The stock has a 50-day simple moving average of $62.74 and a 200 day simple moving average of $54.45. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24.

About Carlyle Group

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.