AEGON ASSET MANAGEMENT UK Plc Has $22.68 Million Position in Carlyle Group Inc. $CG

AEGON ASSET MANAGEMENT UK Plc raised its position in Carlyle Group Inc. (NASDAQ:CG) by 16.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 361,894 shares of the financial services provider’s stock after acquiring an additional 52,032 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned about 0.10% of Carlyle Group worth $22,684,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Carlyle Group by 1.8% in the second quarter. Vanguard Group Inc. now owns 24,719,581 shares of the financial services provider’s stock worth $1,270,586,000 after purchasing an additional 426,644 shares in the last quarter. State Street Corp boosted its stake in shares of Carlyle Group by 4.8% during the 2nd quarter. State Street Corp now owns 8,221,652 shares of the financial services provider’s stock worth $422,593,000 after buying an additional 378,455 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Carlyle Group by 6.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,618,075 shares of the financial services provider’s stock valued at $477,653,000 after acquiring an additional 479,216 shares in the last quarter. Alkeon Capital Management LLC raised its holdings in Carlyle Group by 13.4% during the second quarter. Alkeon Capital Management LLC now owns 5,941,316 shares of the financial services provider’s stock worth $305,384,000 after acquiring an additional 700,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Carlyle Group by 5.6% during the second quarter. Geode Capital Management LLC now owns 4,284,894 shares of the financial services provider’s stock valued at $219,583,000 after purchasing an additional 228,484 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CG shares. Citigroup dropped their price objective on Carlyle Group from $74.00 to $71.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Wall Street Zen lowered shares of Carlyle Group from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. BMO Capital Markets assumed coverage on shares of Carlyle Group in a research report on Friday, October 3rd. They issued an “outperform” rating and a $74.00 price objective for the company. Keefe, Bruyette & Woods lowered their price objective on shares of Carlyle Group from $66.00 to $64.00 and set a “market perform” rating on the stock in a research note on Monday, November 3rd. Finally, Evercore ISI lifted their price target on Carlyle Group from $57.00 to $62.00 and gave the stock an “in-line” rating in a report on Thursday. Seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $67.46.

Carlyle Group Price Performance

Carlyle Group stock opened at $61.28 on Monday. The company has a market capitalization of $22.09 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.08 and a beta of 2.04. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 1.78. Carlyle Group Inc. has a 12 month low of $33.02 and a 12 month high of $69.85. The stock’s 50 day moving average is $59.12 and its 200-day moving average is $60.34.

Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. Carlyle Group had a return on equity of 23.46% and a net margin of 16.91%.The business had revenue of $782.50 million during the quarter, compared to the consensus estimate of $848.51 million. During the same period in the previous year, the company posted $0.95 EPS. Equities research analysts expect that Carlyle Group Inc. will post 4.48 EPS for the current year.

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 625,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $56.55, for a total value of $35,343,750.00. Following the completion of the sale, the director owned 27,999,644 shares of the company’s stock, valued at $1,583,379,868.20. The trade was a 2.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 26.30% of the stock is owned by company insiders.

Carlyle Group 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.