Ameriprise Financial Inc. Grows Position in The Carlyle Group Inc. (NASDAQ:CG)
Ameriprise Financial Inc. grew its holdings in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,237,249 shares of the financial services provider's stock after purchasing an additional 167,331 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.63% of The Carlyle Group worth $112,959,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of CG. Korea Investment CORP lifted its position in shares of The Carlyle Group by 28.6% during the fourth quarter. Korea Investment CORP now owns 165,660 shares of the financial services provider's stock valued at $8,364,000 after buying an additional 36,873 shares during the last quarter. Invesco Ltd. boosted its stake in The Carlyle Group by 9.7% in the fourth quarter. Invesco Ltd. now owns 650,735 shares of the financial services provider's stock valued at $32,856,000 after acquiring an additional 57,606 shares in the last quarter. Sargent Investment Group LLC increased its position in shares of The Carlyle Group by 6.5% during the fourth quarter. Sargent Investment Group LLC now owns 302,385 shares of the financial services provider's stock worth $15,283,000 after purchasing an additional 18,537 shares in the last quarter. Franklin Street Advisors Inc. NC acquired a new stake in shares of The Carlyle Group in the 4th quarter worth $17,671,000. Finally, Charles Schwab Investment Management Inc. grew its stake in The Carlyle Group by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,406,201 shares of the financial services provider's stock worth $70,999,000 after buying an additional 14,024 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.
CG stock opened at $39.95 on Thursday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The Carlyle Group Inc. has a 52-week low of $33.02 and a 52-week high of $57.50. The company's 50-day simple moving average is $40.55 and its 200-day simple moving average is $48.12. The firm has a market cap of $14.42 billion, a P/E ratio of 14.37, a PEG ratio of 0.98 and a beta of 1.85.
The Carlyle Group (NASDAQ:CG - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The financial services provider reported $0.92 EPS for the quarter, missing analysts' consensus estimates of $1.00 by ($0.08). The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. As a group, equities analysts forecast that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. Evercore ISI boosted their price target on The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research note on Wednesday, February 12th. Morgan Stanley cut their price target on shares of The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. TD Cowen lowered their price objective on shares of The Carlyle Group from $54.00 to $37.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. JMP Securities reduced their target price on The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating for the company in a research note on Tuesday, April 8th. Finally, Oppenheimer downgraded The Carlyle Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, The Carlyle Group currently has an average rating of "Hold" and an average price target of $50.88.
View Our Latest Stock Analysis on CG
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.
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