Assenagon Asset Management S.A. Boosts Stake in Carlyle Group Inc. $CG

Assenagon Asset Management S.A. increased its holdings in shares of Carlyle Group Inc. (NASDAQ:CG) by 43.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 61,998 shares of the financial services provider’s stock after acquiring an additional 18,669 shares during the period. Assenagon Asset Management S.A.’s holdings in Carlyle Group were worth $3,665,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. WFA of San Diego LLC acquired a new position in shares of Carlyle Group during the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. increased its position in shares of Carlyle Group by 755.3% during the first 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 in the last quarter. Quarry LP acquired a new position in Carlyle Group in the 3rd quarter valued at $33,000. Motco purchased a new position in Carlyle Group during the third quarter worth about $40,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Carlyle Group in the 3rd quarter valued at approximately $41,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Group Stock Performance

NASDAQ CG 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 firm has a market cap of $16.49 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 0.88 and a beta of 2.07. The firm has a 50 day simple moving average of $53.53 and a 200-day simple moving average of $57.23. Carlyle Group Inc. has a one year low of $33.02 and a one year high of $69.85.

Carlyle Group (NASDAQ:CG) last released its earnings results on Thursday, February 5th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 earnings per share. Equities research analysts anticipate that Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

Carlyle Group Dividend Announcement

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

Insiders Place Their Bets

In other Carlyle Group news, Director David M. Rubenstein sold 500,000 shares of the company’s stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 26.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CG has been the topic of a number of recent analyst reports. Evercore upped their price objective on Carlyle Group from $57.00 to $62.00 and gave the company an “in-line” rating in a report on Thursday, January 22nd. UBS Group dropped their price target on shares of Carlyle Group from $81.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Barclays reduced their price target on shares of Carlyle Group from $71.00 to $68.00 and set an “overweight” rating on the stock in a research note on Monday, March 2nd. TD Cowen increased their price objective on shares of Carlyle Group from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Morgan Stanley set a $71.00 target price on Carlyle Group in a research report on Tuesday, January 27th. Eight investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Carlyle Group presently has a consensus rating of “Hold” and a consensus price target of $64.86.

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.