Impact Partnership Wealth LLC Invests $589,000 in The Carlyle Group Inc. (NASDAQ:CG)

Impact Partnership Wealth LLC bought a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,675 shares of the financial services provider’s stock, valued at approximately $589,000.

A number of other hedge funds have also recently bought and sold shares of CG. FMR LLC grew its holdings in The Carlyle Group by 72.8% during the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider’s stock worth $174,469,000 after purchasing an additional 1,707,520 shares during the period. Marshall Wace LLP bought a new position in shares of The Carlyle Group during the 2nd quarter worth approximately $37,009,000. JPMorgan Chase & Co. increased its holdings in shares of The Carlyle Group by 68.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock worth $82,651,000 after acquiring an additional 777,304 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in The Carlyle Group by 22.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider’s stock valued at $90,740,000 after purchasing an additional 391,553 shares during the last quarter. Finally, Franklin Street Advisors Inc. NC acquired a new position in shares of The Carlyle Group in the fourth quarter valued at $17,671,000. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Stock Up 0.6 %

CG stock opened at $56.96 on Friday. The stock has a market capitalization of $20.37 billion, a P/E ratio of 196.41, a price-to-earnings-growth ratio of 0.99 and a beta of 1.69. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38. The firm has a 50-day moving average price of $52.36 and a 200-day moving average price of $47.33. The Carlyle Group Inc. has a 12 month low of $36.65 and a 12 month high of $57.34.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $908.17 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts anticipate that The Carlyle Group Inc. will post 3.8 EPS for the current fiscal year.

Insider Activity

In related news, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction on 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 sale, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 27.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. JMP Securities reiterated a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a research note on Wednesday, October 9th. StockNews.com downgraded The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, December 8th. TD Cowen upped their price target on shares of The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Finally, Barclays lifted their price objective on shares of The Carlyle Group from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.