Assenagon Asset Management S.A. Lowers Holdings in The Carlyle Group Inc. (NASDAQ:CG)
Assenagon Asset Management S.A. lessened its stake in The Carlyle Group Inc. (NASDAQ:CG - Free Report) by 11.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 237,525 shares of the financial services provider's stock after selling 31,070 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.07% of The Carlyle Group worth $11,993,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Ariel Investments LLC raised its holdings in shares of The Carlyle Group by 1.1% during the 2nd quarter. Ariel Investments LLC now owns 4,937,725 shares of the financial services provider's stock worth $198,250,000 after acquiring an additional 54,805 shares in the last quarter. FMR LLC raised its stake in The Carlyle Group by 72.8% during the third quarter. FMR LLC now owns 4,051,757 shares of the financial services provider's stock valued at $174,469,000 after purchasing an additional 1,707,520 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in The Carlyle Group by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,266,595 shares of the financial services provider's stock valued at $90,999,000 after purchasing an additional 137,541 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of The Carlyle Group by 22.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,107,301 shares of the financial services provider's stock worth $90,740,000 after buying an additional 391,553 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of The Carlyle Group by 68.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,919,439 shares of the financial services provider's stock valued at $82,651,000 after acquiring an additional 777,304 shares during the last quarter. 55.88% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Daniel A. D'aniello sold 495,542 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the sale, the director now directly owns 32,504,102 shares of the company's stock, valued at approximately $1,674,936,376.06. This represents a 1.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 27.20% of the stock is currently owned by insiders.
Shares of CG stock opened at $55.24 on Friday. The stock's fifty day moving average price is $52.02 and its 200 day moving average price is $46.94. The company has a debt-to-equity ratio of 1.38, a current ratio of 2.32 and a quick ratio of 2.32. The Carlyle Group Inc. has a 1-year low of $36.65 and a 1-year high of $55.65. The company has a market cap of $19.76 billion, a price-to-earnings ratio of 190.48, a price-to-earnings-growth ratio of 1.05 and a beta of 1.69.
The Carlyle Group (NASDAQ:CG - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.08. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same quarter in the prior year, the business posted $0.87 EPS. The Carlyle Group's revenue for the quarter was up 15.2% compared to the same quarter last year. On average, research analysts expect that The Carlyle Group Inc. will post 3.8 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.53%. The Carlyle Group's payout ratio is currently 482.76%.
Several research firms recently weighed in on CG. Morgan Stanley increased their price target on The Carlyle Group from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Thursday, October 10th. Oppenheimer lifted their price target on shares of The Carlyle Group from $78.00 to $85.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on shares of The Carlyle Group from $44.00 to $50.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Wolfe Research raised The Carlyle Group from a "peer perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a research note on Friday, January 3rd. Finally, TD Cowen raised their price target on The Carlyle Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $54.44.
Get Our Latest Report on 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.
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