Carlyle Group Inc. $CG Shares Bought by Securian Asset Management Inc.

Securian Asset Management Inc. lifted its holdings in Carlyle Group Inc. (NASDAQ:CG) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,226 shares of the financial services provider’s stock after purchasing an additional 273 shares during the period. Securian Asset Management Inc.’s holdings in Carlyle Group were worth $834,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Carlyle Group by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 24,292,937 shares of the financial services provider’s stock worth $1,058,929,000 after purchasing an additional 1,131,514 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Carlyle Group by 7.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 6,827,559 shares of the financial services provider’s stock worth $297,613,000 after purchasing an additional 476,127 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Carlyle Group by 21.7% in the first quarter. Ameriprise Financial Inc. now owns 2,722,737 shares of the financial services provider’s stock worth $118,684,000 after buying an additional 485,488 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Carlyle Group by 37.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,604,610 shares of the financial services provider’s stock worth $69,945,000 after buying an additional 441,276 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Carlyle Group by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,427,171 shares of the financial services provider’s stock worth $62,210,000 after buying an additional 20,970 shares during the period. Institutional investors and hedge funds own 55.88% of the company’s stock.

Carlyle Group Stock Performance

CG stock opened at $57.55 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.24 and a current ratio of 2.24. The stock has a market cap of $20.82 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.23 and a beta of 2.00. The firm has a 50 day simple moving average of $63.05 and a 200 day simple moving average of $53.78. Carlyle Group Inc. has a 52 week low of $33.02 and a 52 week high of $69.85.

Wall Street Analysts Forecast Growth

CG has been the subject of several recent analyst reports. Evercore ISI raised their target price on shares of Carlyle Group from $45.00 to $58.00 and gave the stock an “in-line” rating in a report on Thursday, July 10th. Barclays reiterated an “overweight” rating and issued a $74.00 target price (up from $66.00) on shares of Carlyle Group in a report on Thursday, August 7th. Jefferies Financial Group raised their target price on shares of Carlyle Group from $54.00 to $66.00 and gave the stock a “hold” rating in a report on Wednesday, August 13th. BMO Capital Markets began coverage on shares of Carlyle Group in a report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 target price for the company. Finally, Wells Fargo & Company raised their price target on shares of Carlyle Group from $49.00 to $61.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $64.69.

Insider Transactions at Carlyle Group

In other Carlyle Group news, General Counsel Jeffrey W. Ferguson sold 202,606 shares of Carlyle Group stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $64.23, for a total value of $13,013,383.38. Following the completion of the sale, the general counsel directly owned 753,255 shares in the company, valued at $48,381,568.65. The trade was a 21.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 26.30% of the stock is owned by company insiders.

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.