Mutual of America Capital Management LLC Grows Position in Carlyle Group Inc. $CG

Mutual of America Capital Management LLC grew its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 13.5% during the third quarter, Holdings Channel.com reports. The fund owned 120,272 shares of the financial services provider’s stock after purchasing an additional 14,311 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Carlyle Group were worth $7,541,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in Carlyle Group by 150.3% during the second quarter. Allworth Financial LP now owns 498 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 299 shares during the last quarter. WFA of San Diego LLC bought a new position in shares of Carlyle Group during the 2nd quarter worth approximately $26,000. Geneos Wealth Management Inc. boosted its stake in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after buying an additional 574 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Carlyle Group in the second quarter valued at approximately $38,000. Finally, Motco purchased a new stake in shares of Carlyle Group during the third quarter valued at approximately $40,000. 55.88% of the stock is owned by institutional investors.

Insider Buying and Selling at Carlyle Group

In other news, Director David M. Rubenstein sold 625,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $56.55, for a total transaction of $35,343,750.00. Following the sale, the director directly owned 27,999,644 shares in the company, valued at $1,583,379,868.20. This represents a 2.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 26.30% of the stock is currently owned by corporate insiders.

Carlyle Group Stock Down 1.5%

Carlyle Group stock opened at $60.32 on Wednesday. The firm has a market capitalization of $21.74 billion, a price-to-earnings ratio of 33.70, a P/E/G ratio of 1.08 and a beta of 2.04. The firm has a 50 day simple moving average of $59.49 and a 200 day simple moving average of $60.37. Carlyle Group Inc. has a 1-year low of $33.02 and a 1-year high of $69.85. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.78.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on CG. TD Cowen restated a “buy” rating on shares of Carlyle Group in a research note on Wednesday, January 14th. Wolfe Research reissued an “outperform” rating on shares of Carlyle Group in a report on Wednesday, January 7th. BMO Capital Markets assumed coverage on shares of Carlyle Group in a report on Friday, October 3rd. They set an “outperform” rating and a $74.00 price objective for the company. Barclays boosted their target price on shares of Carlyle Group from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. Finally, Citigroup decreased their price target on shares of Carlyle Group from $74.00 to $71.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.