SOL Capital Management CO Acquires 7,510 Shares of The Carlyle Group Inc. (NASDAQ:CG)

SOL Capital Management CO raised its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 151,134 shares of the financial services provider’s stock after buying an additional 7,510 shares during the quarter. SOL Capital Management CO’s holdings in The Carlyle Group were worth $6,508,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Jessup Wealth Management Inc purchased a new position in shares of The Carlyle Group in the 1st quarter valued at approximately $7,631,000. National Bank of Canada FI lifted its stake in shares of The Carlyle Group by 58.8% in the 1st quarter. National Bank of Canada FI now owns 404,036 shares of the financial services provider’s stock valued at $18,953,000 after purchasing an additional 149,612 shares during the period. Concurrent Investment Advisors LLC purchased a new position in shares of The Carlyle Group in the 1st quarter valued at approximately $627,000. Capital Group Private Client Services Inc. purchased a new position in The Carlyle Group during the first quarter valued at $3,021,000. Finally, Cetera Investment Advisers raised its stake in The Carlyle Group by 292.1% during the first quarter. Cetera Investment Advisers now owns 33,560 shares of the financial services provider’s stock valued at $1,574,000 after buying an additional 25,002 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 158,090 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $38.85, for a total transaction of $6,141,796.50. Following the completion of the sale, the insider now owns 9,444,215 shares of the company’s stock, valued at approximately $366,907,752.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 2,468,726 shares of company stock valued at $35,363,315. Company insiders own 27.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CG. UBS Group lifted their price objective on The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a research note on Tuesday. Keefe, Bruyette & Woods lowered their price objective on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price objective on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday. Oppenheimer lifted their price objective on The Carlyle Group from $64.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, TD Cowen boosted their price target on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $51.33.

The Carlyle Group Stock Performance

Shares of CG opened at $49.25 on Thursday. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The Carlyle Group Inc. has a one year low of $27.13 and a one year high of $52.73. The firm has a market capitalization of $17.72 billion, a P/E ratio of -27.51, a PEG ratio of 1.25 and a beta of 1.73. The business has a fifty day moving average of $43.11 and a 200 day moving average of $43.01.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 EPS 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 during the quarter, compared to the consensus estimate of $808.73 million. During the same period in the previous year, the firm earned $0.88 EPS. The business’s revenue was up 131.5% on a year-over-year basis. As a group, sell-side analysts anticipate that The Carlyle Group Inc. will post 3.76 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.