Assenagon Asset Management S.A. Trims Stock Position in The Carlyle Group Inc. (NASDAQ:CG)

Assenagon Asset Management S.A. cut its holdings in shares of The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 97.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,370 shares of the financial services provider's stock after selling 785,122 shares during the period. Assenagon Asset Management S.A.'s holdings in The Carlyle Group were worth $788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CG. Toroso Investments LLC raised its position in shares of The Carlyle Group by 1.9% in the fourth quarter. Toroso Investments LLC now owns 16,518 shares of the financial services provider's stock worth $493,000 after acquiring an additional 304 shares during the period. Teacher Retirement System of Texas raised its position in shares of The Carlyle Group by 2.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 16,797 shares of the financial services provider's stock worth $507,000 after purchasing an additional 372 shares during the last quarter. Altshuler Shaham Ltd boosted its holdings in The Carlyle Group by 13.3% in the 4th quarter. Altshuler Shaham Ltd now owns 3,775 shares of the financial services provider's stock worth $113,000 after buying an additional 442 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in The Carlyle Group by 125.5% in the 3rd quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider's stock worth $25,000 after buying an additional 453 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in The Carlyle Group by 3.1% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 15,184 shares of the financial services provider's stock worth $458,000 after buying an additional 460 shares during the last quarter. 55.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. JMP Securities lifted their price target on The Carlyle Group from $52.00 to $58.00 and gave the stock a "market outperform" rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. boosted their price objective on The Carlyle Group from $39.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, February 8th. Barclays lifted their target price on The Carlyle Group from $53.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, February 23rd. TD Cowen began coverage on The Carlyle Group in a research report on Thursday, January 4th. They issued a "market perform" rating and a $42.00 target price on the stock. Finally, Citigroup boosted their price objective on The Carlyle Group from $41.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $41.93.

The Carlyle Group Stock Performance

Shares of NASDAQ CG traded up $0.18 during trading hours on Friday, reaching $47.15. The stock had a trading volume of 2,581,998 shares, compared to its average volume of 2,081,987. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of -27.90, a PEG ratio of 1.04 and a beta of 1.79. The company has a current ratio of 2.27, a quick ratio of 2.27 and a debt-to-equity ratio of 1.52. The Carlyle Group Inc. has a fifty-two week low of $25.20 and a fifty-two week high of $48.52. The firm has a 50-day moving average of $45.02 and a 200-day moving average of $38.03.

The Carlyle Group (NASDAQ:CG - Get Free Report) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.08. The Carlyle Group had a positive return on equity of 19.74% and a negative net margin of 20.53%. The firm had revenue of $896.40 million during the quarter, compared to analysts' expectations of $860.68 million. During the same period in the prior year, the firm earned $1.01 EPS. The business's revenue was down 15.4% on a year-over-year basis. Equities research analysts predict that The Carlyle Group Inc. will post 3.9 earnings per share for the current year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 23rd were given a dividend of $0.35 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 2.97%. The Carlyle Group's payout ratio is -82.84%.

Insider Transactions at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. bought 190,000 shares of the business's stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $12.95 per share, with a total value of $2,460,500.00. Following the purchase, the insider now owns 1,066,189 shares in the company, valued at approximately $13,807,147.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 27.00% of the company's stock.

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.