R Squared Ltd Invests $90,000 in The Carlyle Group Inc. (NASDAQ:CG)

R Squared Ltd acquired a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, Holdings Channel.com reports. The firm acquired 1,780 shares of the financial services provider’s stock, valued at approximately $90,000.

Other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. raised its holdings in shares of The Carlyle Group by 27.0% during the 2nd quarter. Sei Investments Co. now owns 43,403 shares of the financial services provider’s stock worth $1,741,000 after buying an additional 9,238 shares in the last quarter. Creative Planning lifted its holdings in shares of The Carlyle Group by 10.3% in the second quarter. Creative Planning now owns 11,905 shares of the financial services provider’s stock worth $478,000 after acquiring an additional 1,111 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of The Carlyle Group by 5.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 54,545 shares of the financial services provider’s stock valued at $2,190,000 after purchasing an additional 2,633 shares in the last quarter. NewEdge Advisors LLC increased its position in The Carlyle Group by 148.5% during the 2nd quarter. NewEdge Advisors LLC now owns 30,632 shares of the financial services provider’s stock worth $1,230,000 after purchasing an additional 18,304 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in The Carlyle Group by 4.9% in the 2nd quarter. Truist Financial Corp now owns 37,041 shares of the financial services provider’s stock valued at $1,487,000 after purchasing an additional 1,716 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley upped their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Barclays increased their target price on The Carlyle Group from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. Wolfe Research raised The Carlyle Group from a “peer perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Friday, January 3rd. UBS Group lifted their target price on shares of The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI raised their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.44.

Insiders Place Their Bets

In related news, Director Daniel A. D’aniello sold 495,542 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total value of $25,535,279.26. Following the transaction, the director now owns 32,504,102 shares of the company’s stock, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Stock Performance

Shares of CG stock opened at $56.31 on Friday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The Carlyle Group Inc. has a 52 week low of $36.65 and a 52 week high of $57.50. The firm has a 50 day moving average of $52.88 and a 200-day moving average of $47.85. The company has a market cap of $20.14 billion, a price-to-earnings ratio of 194.17, a price-to-earnings-growth ratio of 0.99 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $895.00 million during the quarter, compared to the consensus estimate of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 earnings per share. On average, equities analysts forecast that The Carlyle Group Inc. will post 3.8 earnings per share 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.