Center For Asset Management LLC Invests $254,000 in The Carlyle Group Inc. (NASDAQ:CG)

Center For Asset Management LLC bought a new stake in shares of The Carlyle Group Inc. (NASDAQ:CG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,033 shares of the financial services provider’s stock, valued at approximately $254,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in shares of The Carlyle Group by 253.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 565 shares of the financial services provider’s stock worth $29,000 after buying an additional 405 shares during the period. Brooklyn Investment Group acquired a new position in shares of The Carlyle Group in the 3rd quarter valued at about $33,000. Tobam lifted its position in shares of The Carlyle Group by 32.8% in the third quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 220 shares in the last quarter. Fifth Third Bancorp grew its position in The Carlyle Group by 53.9% during the fourth quarter. Fifth Third Bancorp now owns 962 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 337 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in The Carlyle Group in the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insiders Place Their Bets

In other news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the sale, the director now directly owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 27.20% of the company’s stock.

The Carlyle Group Stock Down 0.2 %

Shares of CG opened at $56.83 on Monday. The business’s 50 day simple moving average is $52.49 and its 200-day simple moving average is $47.54. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group Inc. has a one year low of $36.65 and a one year high of $57.34. The company has a market capitalization of $20.33 billion, a P/E ratio of 195.97, a PEG ratio of 0.99 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The company had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same quarter last year, the firm earned $0.87 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, sell-side analysts predict that The Carlyle Group Inc. will post 3.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CG has been the subject of several recent research reports. Evercore ISI increased their price objective on The Carlyle Group from $45.00 to $47.00 and gave the stock an “in-line” rating in a report on Monday, October 14th. Oppenheimer raised their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, November 11th. JPMorgan Chase & Co. upped their price objective on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Barclays increased their price objective on The Carlyle Group from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Monday, January 13th. Finally, UBS Group upped their target price on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $54.44.

The 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.