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

AEGON ASSET MANAGEMENT UK Plc lowered its position in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 41.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 about 0.06% of The Carlyle Group worth $9,647,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CG. National Pension Service purchased a new position in shares of The Carlyle Group in the 4th quarter valued at $25,000. Golden State Wealth Management LLC purchased a new position in The Carlyle Group in the fourth quarter valued at about $25,000. Valley National Advisers Inc. grew its stake in 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 last quarter. Main Street Group LTD purchased a new position in The Carlyle Group in the fourth quarter valued at about $29,000. Finally, Whipplewood Advisors LLC grew its position 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 buying an additional 561 shares during the last quarter. Hedge funds and other institutional investors own 55.88% of the company's stock.

The Carlyle Group Stock Performance

NASDAQ CG traded up $1.04 on Friday, reaching $46.28. 1,331,861 shares of the company's stock traded hands, compared to its average volume of 2,646,803. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 0.98 and a beta of 1.85. The stock has a 50 day moving average price of $41.21 and a 200-day moving average price of $47.23. The Carlyle Group Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $57.50. 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 issued its quarterly earnings data on Friday, May 9th. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.17. The Carlyle Group had a return on equity of 24.02% and a net margin of 18.81%. The business had revenue of $973.10 million during the quarter, compared to analysts' expectations of $972.27 million. During the same quarter in the previous year, the firm posted $1.01 EPS. The company's revenue for the quarter was up 2.0% on a year-over-year basis. Equities research analysts predict that The Carlyle Group Inc. will post 4.48 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 19th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Monday, May 19th. The Carlyle Group's dividend payout ratio is currently 47.46%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Oppenheimer downgraded shares of The Carlyle Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Cowen upgraded shares of The Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Evercore ISI raised their price objective on The Carlyle Group from $51.00 to $52.00 and gave the stock an "in-line" rating in a research report on Wednesday, February 12th. Barclays raised their price objective on The Carlyle Group from $43.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Bank of America lowered their price target on The Carlyle Group from $47.00 to $46.00 and set an "underperform" rating for the company in a report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $53.00.

About The Carlyle Group

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.