Assenagon Asset Management S.A. Takes Position in Carlyle Group Inc. $CG

Assenagon Asset Management S.A. acquired a new position in shares of Carlyle Group Inc. (NASDAQ:CG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 264,232 shares of the financial services provider's stock, valued at approximately $11,127,000. Assenagon Asset Management S.A. owned about 0.07% of Carlyle Group as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. WFA of San Diego LLC acquired a new position in Carlyle Group in the 2nd quarter valued at $26,000. Main Street Group LTD purchased a new stake in Carlyle Group in the 1st quarter valued at approximately $27,000. Geneos Wealth Management Inc. increased its position in Carlyle Group by 755.3% during the 1st 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 during the period. Quarry LP purchased a new position in shares of Carlyle Group during the 3rd quarter worth approximately $33,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Carlyle Group by 36.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 962 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 258 shares during the period. Institutional investors and hedge funds own 55.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CG shares. Citigroup reissued an "outperform" rating on shares of Carlyle Group in a report on Thursday. BMO Capital Markets reiterated an "outperform" rating and set a $52.00 target price on shares of Carlyle Group in a research report on Monday, July 13th. Barclays upped their price target on shares of Carlyle Group from $57.00 to $64.00 and gave the company an "overweight" rating in a report on Thursday. TD Cowen restated a "hold" rating on shares of Carlyle Group in a research report on Thursday. Finally, Royal Bank Of Canada lowered their target price on Carlyle Group from $58.00 to $56.00 and set a "sector perform" rating on the stock in a report on Monday, July 13th. Seven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Carlyle Group currently has an average rating of "Hold" and an average target price of $59.79.

Carlyle Group Price Performance

Carlyle Group stock opened at $47.80 on Tuesday. Carlyle Group Inc. has a 1 year low of $39.60 and a 1 year high of $69.85. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.55 and a current ratio of 2.35. The firm has a 50 day moving average price of $44.84 and a 200 day moving average price of $48.70. The company has a market cap of $17.21 billion, a price-to-earnings ratio of 49.79, a PEG ratio of 1.77 and a beta of 1.82.

Carlyle Group (NASDAQ:CG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.91 by $0.16. Carlyle Group had a net margin of 10.08% and a return on equity of 22.52%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $923.50 million. During the same quarter last year, the business earned $0.87 EPS. Carlyle Group's revenue for the quarter was down 28.6% on a year-over-year basis. Sell-side analysts predict that Carlyle Group Inc. will post 3.65 earnings per share for the current year.

Carlyle Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 17th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 17th. Carlyle Group's dividend payout ratio is 145.83%.

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.

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