Regents of The University of California Buys Shares of 1,516,016 Carlyle Group Inc. $CG

Regents of The University of California purchased a new position in Carlyle Group Inc. (NASDAQ:CG) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 1,516,016 shares of the financial services provider’s stock, valued at approximately $73,360,000. Carlyle Group comprises approximately 2.4% of Regents of The University of California’s investment portfolio, making the stock its 7th biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in Carlyle Group by 937.5% in the first quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock worth $2,499,000 after purchasing an additional 51,809 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Carlyle Group by 40.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock valued at $49,909,000 after buying an additional 332,533 shares in the last quarter. Empowered Funds LLC grew its position in shares of Carlyle Group by 3.4% in the 1st quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock worth $2,103,000 after buying an additional 1,579 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Carlyle Group by 27.4% during the 1st quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 1,169 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Carlyle Group by 755.3% during the first quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares during the last quarter. Institutional investors own 55.88% of the company’s stock.

Wall Street Analysts Forecast Growth

CG has been the topic of several analyst reports. Morgan Stanley set a $57.00 price target on shares of Carlyle Group in a report on Tuesday, July 21st. The Goldman Sachs Group lowered their price objective on Carlyle Group from $81.00 to $69.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. JPMorgan Chase & Co. dropped their target price on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Citizens Jmp decreased their price target on Carlyle Group from $75.00 to $70.00 and set a “market outperform” rating for the company in a research note on Thursday, July 9th. Finally, TD Cowen dropped their price target on Carlyle Group from $53.00 to $50.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Seven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.07.

Carlyle Group Trading Up 1.5%

NASDAQ:CG opened at $46.02 on Friday. The company has a market capitalization of $16.57 billion, a P/E ratio of 31.52, a PEG ratio of 1.61 and a beta of 1.84. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92. Carlyle Group Inc. has a 12 month low of $39.60 and a 12 month high of $69.85. The firm has a fifty day simple moving average of $44.41 and a 200-day simple moving average of $49.50.

Carlyle Group (NASDAQ:CG) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The firm had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the company earned $1.14 earnings per share. Carlyle Group’s revenue was down 28.0% on a year-over-year basis. On average, equities research analysts anticipate that Carlyle Group Inc. will post 3.71 earnings per share for the current year.

About Carlyle Group

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.