Impact Partnership Wealth LLC Purchases Shares of 11,675 The Carlyle Group Inc. (NASDAQ:CG)

Impact Partnership Wealth LLC acquired a new stake in The Carlyle Group Inc. (NASDAQ:CG) during the fourth quarter, Holdings Channel.com reports. The firm acquired 11,675 shares of the financial services provider’s stock, valued at approximately $589,000.

Several other large investors have also added to or reduced their stakes in CG. JPMorgan Chase & Co. lifted its holdings in shares of The Carlyle Group by 68.1% in the third quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider’s stock valued at $82,651,000 after purchasing an additional 777,304 shares in the last quarter. Franklin Street Advisors Inc. NC bought a new stake in shares of The Carlyle Group in the 4th quarter worth $17,671,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of The Carlyle Group by 74.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,984 shares of the financial services provider’s stock valued at $1,806,000 after purchasing an additional 19,160 shares during the last quarter. Empowered Funds LLC boosted its holdings in The Carlyle Group by 443.1% during the third quarter. Empowered Funds LLC now owns 157,674 shares of the financial services provider’s stock worth $6,789,000 after purchasing an additional 128,644 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in The Carlyle Group in the 3rd quarter worth about $67,540,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Analyst Upgrades and Downgrades

CG has been the subject of several recent analyst reports. Morgan Stanley upped their target price on The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Wells Fargo & Company increased their price objective on The Carlyle Group from $54.00 to $56.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. TD Cowen upped their price target on The Carlyle Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Finally, Oppenheimer boosted their price objective on The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, The Carlyle Group presently has a consensus rating of “Hold” and an average price target of $54.44.

The Carlyle Group Stock Up 0.6 %

CG stock opened at $56.96 on Friday. 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 Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $57.34. The stock has a market cap of $20.37 billion, a price-to-earnings ratio of 196.41, a price-to-earnings-growth ratio of 0.99 and a beta of 1.69. The company’s 50 day moving average is $52.36 and its 200 day moving average is $47.33.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $908.17 million. During the same period in the previous year, the business earned $0.87 earnings per share. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. Sell-side analysts predict that The Carlyle Group Inc. will post 3.8 EPS for the current fiscal year.

Insider Activity at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of The Carlyle Group 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 transaction, the director now owns 32,504,102 shares in the company, valued at $1,674,936,376.06. This trade represents a 1.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 27.20% of the stock is currently owned by insiders.

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.