Mirae Asset Global Investments Co. Ltd. Has $1.76 Million Stake in Carlyle Group Inc. $CG

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 54.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,086 shares of the financial services provider’s stock after acquiring an additional 9,918 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Carlyle Group were worth $1,761,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CG. Generali Asset Management SPA SGR acquired a new position in shares of Carlyle Group during the third quarter worth approximately $1,913,000. Allspring Global Investments Holdings LLC bought a new position in Carlyle Group in the 2nd quarter worth approximately $236,000. Galvin Gaustad & Stein LLC lifted its holdings in Carlyle Group by 54.4% during the 3rd quarter. Galvin Gaustad & Stein LLC now owns 233,054 shares of the financial services provider’s stock worth $14,612,000 after buying an additional 82,094 shares in the last quarter. FFG Partners LLC bought a new position in Carlyle Group in the 3rd quarter valued at $1,713,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Carlyle Group by 67.1% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 135,074 shares of the financial services provider’s stock valued at $8,469,000 after buying an additional 54,240 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Transactions at Carlyle Group

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total value of $35,343,750.00. Following the completion of the transaction, the director directly owned 27,999,644 shares of the company’s stock, valued at approximately $1,583,379,868.20. The trade was a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 26.30% of the company’s stock.

Carlyle Group Stock Down 3.5%

Shares of NASDAQ CG opened at $58.27 on Wednesday. Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $69.85. The company has a debt-to-equity ratio of 1.78, a quick ratio of 2.49 and a current ratio of 2.49. The stock has a market cap of $21.00 billion, a P/E ratio of 32.55, a P/E/G ratio of 1.08 and a beta of 2.05. The firm has a 50 day moving average price of $60.26 and a 200 day moving average price of $60.39.

Carlyle Group (NASDAQ:CG) last announced its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.98. Carlyle Group had a net margin of 16.91% and a return on equity of 23.46%. The company had revenue of $782.50 million for the quarter, compared to analysts’ expectations of $848.51 million. During the same period last year, the firm posted $0.95 earnings per share. Analysts expect that Carlyle Group Inc. will post 4.48 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on CG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Carlyle Group in a report on Wednesday, January 21st. Evercore ISI upped their target price on shares of Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. Barclays lifted their price target on shares of Carlyle Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. Wolfe Research restated an “outperform” rating on shares of Carlyle Group in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Carlyle Group from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $67.77.

Carlyle Group Profile

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.