Harbor Investment Advisory LLC Sells 500 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Harbor Investment Advisory LLC cut its stake in shares of The Carlyle Group Inc. (NASDAQ:CG) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,500 shares of the financial services provider’s stock after selling 500 shares during the quarter. Harbor Investment Advisory LLC’s holdings in The Carlyle Group were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CG. Brooklyn Investment Group bought a new stake in The Carlyle Group during the 3rd quarter worth approximately $33,000. Tobam grew its holdings in The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 220 shares during the last quarter. Retirement Wealth Solutions LLC bought a new stake in The Carlyle Group during the 4th quarter worth approximately $57,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in The Carlyle Group by 1,600.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in The Carlyle Group by 147.9% during the 3rd quarter. Blue Trust Inc. now owns 1,909 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 1,139 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of analyst reports. Oppenheimer upped their price objective on shares of The Carlyle Group from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Evercore ISI upped their price objective on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a research note on Monday, October 14th. Barclays upped their price objective on shares of The Carlyle Group from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. Morgan Stanley upped their price objective on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of The Carlyle Group from a “hold” rating to a “sell” rating in a research note on Sunday, December 8th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and a consensus price target of $54.44.

The Carlyle Group Stock Performance

CG opened at $56.62 on Thursday. 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 company’s fifty day moving average price is $52.25 and its two-hundred day moving average price is $47.27. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $56.84. The company has a market cap of $20.25 billion, a price-to-earnings ratio of 195.24, a PEG ratio of 0.97 and a beta of 1.69.

The Carlyle Group (NASDAQ:CG) last posted 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 firm had revenue of $895.00 million during the quarter, compared to analyst estimates of $908.17 million. During the same quarter in the prior year, the business posted $0.87 EPS. The business’s revenue was up 15.2% compared to the same quarter last year. On average, analysts expect that The Carlyle Group Inc. will post 3.8 EPS for the current fiscal year.

Insider Transactions at The Carlyle Group

In related news, Director Daniel A. D’aniello sold 495,542 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the completion of the transaction, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 27.20% of the company’s stock.

The Carlyle Group Company 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.