The Carlyle Group Inc. (NASDAQ:CG) Position Trimmed by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lessened its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 41.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 221,411 shares of the financial services provider's stock after selling 157,653 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.06% of The Carlyle Group worth $9,647,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CG. National Pension Service acquired a new stake in shares of The Carlyle Group during the fourth quarter worth about $25,000. Golden State Wealth Management LLC acquired a new stake in The Carlyle Group during the 4th quarter worth approximately $25,000. Valley National Advisers Inc. increased its holdings in shares of The Carlyle Group by 149.3% in the fourth quarter. Valley National Advisers Inc. now owns 546 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 327 shares during the period. Main Street Group LTD acquired a new position in The Carlyle Group in the 4th quarter valued at $29,000. Finally, Whipplewood Advisors LLC lifted its stake in shares of The Carlyle Group by 5,100.0% in the 1st quarter. Whipplewood Advisors LLC now owns 572 shares of the financial services provider's stock worth $25,000 after acquiring an additional 561 shares during the period. Hedge funds and other institutional investors own 55.88% of the company's stock.

Wall Street Analysts Forecast Growth

CG has been the subject of several analyst reports. Morgan Stanley cut their price target on shares of The Carlyle Group from $57.00 to $44.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Barclays lifted their price target on The Carlyle Group from $43.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Keefe, Bruyette & Woods raised their target price on The Carlyle Group from $43.00 to $45.00 and gave the company a "market perform" rating in a report on Monday, May 12th. Cowen raised shares of The Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, Citigroup lowered their target price on shares of The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $53.00.

The Carlyle Group Stock Performance

Shares of NASDAQ CG traded up $0.15 during trading on Thursday, reaching $45.24. The stock had a trading volume of 1,165,851 shares, compared to its average volume of 2,644,457. The firm's 50 day moving average price is $41.14 and its two-hundred day moving average price is $47.33. The Carlyle Group Inc. has a one year low of $33.02 and a one year high of $57.50. The stock has a market cap of $16.34 billion, a PE ratio of 16.27, a P/E/G ratio of 0.98 and a beta of 1.85. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.32 and a current ratio of 2.32.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.17. The business had revenue of $973.10 million during the quarter, compared to the consensus estimate of $972.27 million. The Carlyle Group had a net margin of 18.81% and a return on equity of 24.02%. The company's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 EPS. On average, research analysts forecast that The Carlyle Group Inc. will post 4.48 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 19th were given a dividend of $0.35 per share. The ex-dividend date was Monday, May 19th. This represents a $1.40 annualized dividend and a dividend yield of 3.09%. The Carlyle Group's dividend payout ratio is presently 47.46%.

The Carlyle Group Company Profile

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.