10 Best Stocks to Buy According to John W. Rogers of Ariel Investments

7. The Carlyle Group Inc. (NASDAQ:CG)

Ariel Investments’ Stake as of Q4: $247.94 million

Number of Hedge Fund Holders: 32

The Carlyle Group Inc. (NASDAQ:CG) is a global investment company that provides wealth management, asset servicing, asset management, and banking services to businesses, institutions, families, and individuals.

The Carlyle Group Inc. (NASDAQ:CG) reported record results in fiscal 2024, with fee-related earnings increasing by almost 30% year-over-year to $1.1 billion. Furthermore, the total assets under management increased 4% during the same period, reaching $441 billion. The rise was mostly driven by the Global Credits sector, which remained the fastest growing for the firm.

As part of a Q1 preview for brokers, asset managers, and exchanges, Barclays reduced The Carlyle Group Inc. (NASDAQ:CG)’s price target from $55 to $43 and maintained an Overweight rating on the shares on April 7. According to the firm, while trading activity remained largely strong despite a downturn in cryptocurrency, brokers “now face a more intense headwind from a lower in-period Fed funds and futures curve.”