Coastal Bridge Advisors LLC Cuts Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Coastal Bridge Advisors LLC cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG) by 12.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,539 shares of the financial services provider’s stock after selling 8,274 shares during the period. Coastal Bridge Advisors LLC’s holdings in The Carlyle Group were worth $2,956,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CG. Korea Investment CORP increased its holdings in shares of The Carlyle Group by 28.6% in the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider’s stock valued at $8,364,000 after purchasing an additional 36,873 shares during the period. Invesco Ltd. raised its position in The Carlyle Group by 9.7% during the 4th quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider’s stock worth $32,856,000 after buying an additional 57,606 shares during the last quarter. Sargent Investment Group LLC lifted its stake in The Carlyle Group by 6.5% during the 4th quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider’s stock valued at $15,283,000 after acquiring an additional 18,537 shares during the period. Franklin Street Advisors Inc. NC acquired a new stake in shares of The Carlyle Group in the fourth quarter worth $17,671,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of The Carlyle Group by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider’s stock worth $70,999,000 after purchasing an additional 14,024 shares during the last quarter. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. StockNews.com downgraded shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 20th. TD Cowen lowered their price target on The Carlyle Group from $54.00 to $37.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Barclays lowered their target price on shares of The Carlyle Group from $55.00 to $43.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Morgan Stanley decreased their price target on shares of The Carlyle Group from $57.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. Finally, Wells Fargo & Company dropped their price objective on shares of The Carlyle Group from $48.00 to $39.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.88.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock opened at $39.95 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.32 and a quick ratio of 2.32. The stock has a market capitalization of $14.42 billion, a price-to-earnings ratio of 14.37, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85. The business has a 50-day moving average of $40.55 and a 200 day moving average of $48.12. The Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $57.50.

The Carlyle Group (NASDAQ:CG) last released its earnings results on Monday, February 10th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.08). The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. As a group, sell-side analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current year.

About The 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.