PNC Financial Services Group Inc. Has $2.08 Million Position in Carlyle Group Inc. $CG

PNC Financial Services Group Inc. lessened its stake in shares of Carlyle Group Inc. (NASDAQ:CG) by 23.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,004 shares of the financial services provider’s stock after selling 13,322 shares during the period. PNC Financial Services Group Inc.’s holdings in Carlyle Group were worth $2,081,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC grew its stake in Carlyle Group by 937.5% in the 1st quarter. AQR Capital Management LLC now owns 57,335 shares of the financial services provider’s stock valued at $2,499,000 after buying an additional 51,809 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Carlyle Group by 40.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,144,974 shares of the financial services provider’s stock valued at $49,909,000 after acquiring an additional 332,533 shares during the period. Empowered Funds LLC grew its position in shares of Carlyle Group by 3.4% in the first quarter. Empowered Funds LLC now owns 48,237 shares of the financial services provider’s stock valued at $2,103,000 after purchasing an additional 1,579 shares during the last quarter. Focus Partners Wealth increased its stake in shares of Carlyle Group by 27.4% in the first quarter. Focus Partners Wealth now owns 5,434 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 1,169 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in shares of Carlyle Group by 755.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 574 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Price Performance

Shares of CG stock opened at $44.70 on Thursday. Carlyle Group Inc. has a 12 month low of $39.60 and a 12 month high of $69.85. The company has a market capitalization of $16.09 billion, a P/E ratio of 30.62, a P/E/G ratio of 1.63 and a beta of 1.84. The stock has a 50 day moving average of $44.40 and a two-hundred day moving average of $49.66. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92.

Carlyle Group (NASDAQ:CG) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The firm had revenue of $750.90 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The business’s revenue for the quarter was down 28.0% compared to the same quarter last year. As a group, equities analysts expect that Carlyle Group Inc. will post 3.71 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Keefe, Bruyette & Woods raised Carlyle Group to a “hold” rating in a report on Monday, July 20th. Wall Street Zen cut Carlyle Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. dropped their target price on shares of Carlyle Group from $66.00 to $63.00 and set a “neutral” rating on the stock in a research report on Friday, May 8th. Barclays cut their target price on shares of Carlyle Group from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Finally, Morgan Stanley set a $57.00 price target on shares of Carlyle Group in a research report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Carlyle Group presently has an average rating of “Hold” and a consensus 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.