Assenagon Asset Management S.A. Has $16.83 Million Position in The Carlyle Group Inc. (NASDAQ:CG)

Assenagon Asset Management S.A. boosted its stake in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 62.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 386,195 shares of the financial services provider's stock after acquiring an additional 148,670 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.11% of The Carlyle Group worth $16,834,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Franklin Street Advisors Inc. NC raised its position in shares of The Carlyle Group by 97.8% in the 1st quarter. Franklin Street Advisors Inc. NC now owns 692,173 shares of the financial services provider's stock valued at $30,172,000 after acquiring an additional 342,189 shares during the period. SG Americas Securities LLC raised its position in shares of The Carlyle Group by 684.5% in the 1st quarter. SG Americas Securities LLC now owns 247,836 shares of the financial services provider's stock valued at $10,803,000 after acquiring an additional 216,244 shares during the period. GAMMA Investing LLC raised its position in shares of The Carlyle Group by 14.7% in the 1st quarter. GAMMA Investing LLC now owns 6,264 shares of the financial services provider's stock valued at $273,000 after acquiring an additional 801 shares during the period. Farther Finance Advisors LLC raised its position in shares of The Carlyle Group by 117.2% in the 1st quarter. Farther Finance Advisors LLC now owns 973 shares of the financial services provider's stock valued at $43,000 after acquiring an additional 525 shares during the period. Finally, Daymark Wealth Partners LLC raised its holdings in The Carlyle Group by 106.8% during the 1st quarter. Daymark Wealth Partners LLC now owns 10,014 shares of the financial services provider's stock worth $437,000 after buying an additional 5,172 shares during the period. Institutional investors own 55.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CG shares. TD Cowen upgraded shares of The Carlyle Group from a "hold" rating to a "buy" rating and set a $56.00 price objective on the stock in a report on Wednesday, May 14th. JMP Securities lowered their price objective on shares of The Carlyle Group from $62.00 to $58.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. Citigroup lowered their price objective on shares of The Carlyle Group from $55.00 to $39.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Cowen raised shares of The Carlyle Group from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, Barclays raised their target price on shares of The Carlyle Group from $43.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $53.00.

The Carlyle Group Price Performance

Shares of CG stock traded up $0.85 on Monday, reaching $47.04. The company had a trading volume of 628,829 shares, compared to its average volume of 2,626,733. The business's 50-day moving average is $42.04 and its 200 day moving average is $46.97. The Carlyle Group Inc. has a one year low of $33.02 and a one year high of $57.50. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $16.99 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 0.98 and a beta of 1.85.

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

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 19th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Monday, May 19th. The Carlyle Group's payout ratio is 47.46%.

The Carlyle Group 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.