Carlyle Group Inc. $CG Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of Carlyle Group Inc. (NASDAQ:CG) by 43.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,998 shares of the financial services provider’s stock after purchasing an additional 18,669 shares during the period. Assenagon Asset Management S.A.’s holdings in Carlyle Group were worth $3,665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. WFA of San Diego LLC purchased a new stake in Carlyle Group during the 2nd quarter worth about $26,000. Geneos Wealth Management Inc. increased its holdings in shares of Carlyle Group by 755.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 650 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 574 shares during the last quarter. Quarry LP purchased a new stake in Carlyle Group during the third quarter worth approximately $33,000. Motco acquired a new position in Carlyle Group in the third quarter valued at approximately $40,000. Finally, Brown Brothers Harriman & Co. purchased a new position in Carlyle Group in the third quarter valued at approximately $41,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Carlyle Group

In other news, Director David M. Rubenstein sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $46.68, for a total transaction of $23,340,000.00. Following the completion of the sale, the director owned 27,399,644 shares in the company, valued at $1,279,015,381.92. This represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 26.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on CG. Wall Street Zen upgraded shares of Carlyle Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. BMO Capital Markets cut their price target on shares of Carlyle Group from $65.00 to $58.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 24th. Evercore boosted their price target on shares of Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a research report on Thursday, January 22nd. UBS Group dropped their price objective on Carlyle Group from $81.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Finally, TD Cowen boosted their target price on Carlyle Group from $65.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 27th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $64.86.

Carlyle Group Stock Performance

Shares of Carlyle Group stock opened at $45.67 on Monday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 2.33 and a current ratio of 2.33. The company has a market capitalization of $16.49 billion, a P/E ratio of 20.95, a PEG ratio of 0.88 and a beta of 2.07. Carlyle Group Inc. has a 1 year low of $33.02 and a 1 year high of $69.85. The company’s fifty day moving average is $53.53 and its two-hundred day moving average is $57.23.

Carlyle Group (NASDAQ:CG) last announced its earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.03). The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.09 billion. Carlyle Group had a return on equity of 23.62% and a net margin of 16.92%.Carlyle Group’s quarterly revenue was up 84.1% on a year-over-year basis. During the same quarter last year, the company posted $0.92 EPS. Analysts forecast that Carlyle Group Inc. will post 4.48 earnings per share for the current year.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 16th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.1%. Carlyle Group’s payout ratio is presently 64.22%.

About Carlyle Group

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.