18,795 Shares of Carlyle Group Inc. $CG Bought by SMH Capital Advisors Inc.

SMH Capital Advisors Inc. bought a new position in shares of Carlyle Group Inc. (NASDAQ:CG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,795 shares of the financial services provider’s stock, valued at approximately $745,000. Carlyle Group comprises approximately 2.8% of SMH Capital Advisors Inc.’s holdings, making the stock its 10th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. bought a new position in Carlyle Group in the 2nd quarter valued at about $1,346,848,000. William Blair Investment Management LLC acquired a new stake in Carlyle Group during the second quarter worth approximately $249,077,000. Legal & General Group Plc bought a new stake in shares of Carlyle Group during the second quarter worth approximately $162,984,000. Amundi boosted its holdings in shares of Carlyle Group by 419.0% during the second quarter. Amundi now owns 3,406,001 shares of the financial services provider’s stock worth $143,427,000 after acquiring an additional 2,749,781 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Carlyle Group in the second quarter valued at approximately $84,540,000. Institutional investors own 55.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. TD Cowen lowered their target price on Carlyle Group from $54.00 to $42.00 and set a “hold” rating on the stock in a research note on Monday, October 12th. Evercore set a $51.00 price target on Carlyle Group in a research note on Thursday, August 6th. Weiss Ratings lowered Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. UBS Group lowered their price objective on Carlyle Group from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Finally, Citizens Jmp lifted their target price on Carlyle Group from $70.00 to $73.00 and gave the stock a “market outperform” rating in a report on Thursday, August 6th. Eight 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 data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $53.00.

Carlyle Group Stock Up 2.2%

Shares of NASDAQ CG opened at $41.06 on Tuesday. The stock has a market capitalization of $14.63 billion, a P/E ratio of 42.77, a PEG ratio of 1.25 and a beta of 1.88. The stock’s fifty day moving average is $41.30 and its 200 day moving average is $47.23. Carlyle Group Inc. has a 52 week low of $35.41 and a 52 week high of $67.30. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.35 and a current ratio of 2.35.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.16. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. Carlyle Group’s revenue was down 28.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.87 earnings per share. Sell-side analysts forecast that Carlyle Group Inc. will post 3.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director David Rubenstein sold 400,000 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $42.74, for a total value of $17,096,000.00. Following the completion of the transaction, the director directly owned 26,899,644 shares in the company, valued at approximately $1,149,690,784.56. The trade was a 1.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 25.40% of the stock is currently owned by corporate insiders.

About Carlyle Group

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.