SEB Asset Management AB Makes New $2.44 Million Investment in Carlyle Group Inc. $CG

SEB Asset Management AB bought a new stake in Carlyle Group Inc. (NASDAQ:CG) in the first quarter, Holdings Channel.com reports. The institutional investor bought 50,434 shares of the financial services provider’s stock, valued at approximately $2,441,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Main Street Group LTD purchased a new stake in Carlyle Group in the 1st quarter worth about $27,000. Independent Financial Group LLC acquired a new position in shares of Carlyle Group in the 1st quarter valued at about $206,000. D.A. Davidson & CO. lifted its position in shares of Carlyle Group by 3.2% in the first quarter. D.A. Davidson & CO. now owns 22,318 shares of the financial services provider’s stock worth $1,080,000 after purchasing an additional 686 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Carlyle Group by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 2,047,650 shares of the financial services provider’s stock worth $99,086,000 after purchasing an additional 23,065 shares during the period. Finally, Sanctuary Advisors LLC grew its position in Carlyle Group by 2.1% during the first quarter. Sanctuary Advisors LLC now owns 37,971 shares of the financial services provider’s stock valued at $1,837,000 after purchasing an additional 767 shares in the last quarter. Hedge funds and other institutional investors own 55.88% of the company’s stock.

Carlyle Group Stock Performance

Shares of CG opened at $44.41 on Friday. The firm has a market cap of $15.99 billion, a price-to-earnings ratio of 30.42, a price-to-earnings-growth ratio of 1.53 and a beta of 1.84. The company’s fifty day moving average is $44.45 and its 200-day moving average is $50.19. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.92. Carlyle Group Inc. has a 12 month low of $39.60 and a 12 month high of $69.85.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). The business had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The firm’s revenue for the quarter was down 28.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 EPS. Equities analysts expect that Carlyle Group Inc. will post 3.76 EPS for the current fiscal year.

Analysts Set New Price Targets

CG has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings raised shares of Carlyle Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 6th. JPMorgan Chase & Co. cut their price objective on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a report on Friday, May 8th. Cfra downgraded Carlyle Group to a “sell” rating and set a $45.00 target price on the stock. in a research note on Friday, May 8th. Finally, TD Cowen cut their price target on Carlyle Group from $53.00 to $50.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.07.

Carlyle Group Company 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.