AEGON ASSET MANAGEMENT UK Plc Sells 6,705 Shares of The Carlyle Group Inc. (NASDAQ:CG)

AEGON ASSET MANAGEMENT UK Plc cut its holdings in The Carlyle Group Inc. (NASDAQ:CG) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 393,468 shares of the financial services provider’s stock after selling 6,705 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned 0.11% of The Carlyle Group worth $16,943,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CG. Western Pacific Wealth Management LP grew its stake in shares of The Carlyle Group by 10.6% in the 3rd quarter. Western Pacific Wealth Management LP now owns 3,284 shares of the financial services provider’s stock valued at $141,000 after buying an additional 314 shares during the period. Catalyst Capital Advisors LLC grew its stake in The Carlyle Group by 10.9% in the third quarter. Catalyst Capital Advisors LLC now owns 6,653 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 653 shares during the period. Asset Management One Co. Ltd. increased its holdings in shares of The Carlyle Group by 6.6% during the third quarter. Asset Management One Co. Ltd. now owns 81,760 shares of the financial services provider’s stock valued at $3,521,000 after acquiring an additional 5,065 shares in the last quarter. Westbourne Investment Advisors Inc. lifted its holdings in shares of The Carlyle Group by 3.6% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 200 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in The Carlyle Group by 96.4% in the 3rd quarter. Van ECK Associates Corp now owns 152,697 shares of the financial services provider’s stock valued at $6,575,000 after purchasing an additional 74,958 shares during the period. 55.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CG shares. Wells Fargo & Company raised their price objective on shares of The Carlyle Group from $42.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. Oppenheimer raised their target price on The Carlyle Group from $64.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Barclays raised their price objective on The Carlyle Group from $50.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday. Redburn Atlantic started coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price for the company. Finally, UBS Group lifted their price target on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, The Carlyle Group presently has an average rating of “Hold” and an average target price of $52.87.

The Carlyle Group Trading Down 0.0 %

Shares of CG stock opened at $52.33 on Friday. The company’s fifty day simple moving average is $45.62 and its two-hundred day simple moving average is $43.46. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.55 and a quick ratio of 2.55. The Carlyle Group Inc. has a 1 year low of $29.29 and a 1 year high of $54.52. The stock has a market capitalization of $18.65 billion, a price-to-earnings ratio of -46.72, a PEG ratio of 1.25 and a beta of 1.70.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings data 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 positive return on equity of 24.30% and a negative net margin of 11.67%. The company had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same period in the previous year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, analysts anticipate that The Carlyle Group Inc. will post 3.71 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Monday, November 18th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.68%. The Carlyle Group’s dividend payout ratio (DPR) is presently -125.00%.

Insider Transactions at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of The Carlyle Group stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the sale, the insider now directly owns 3,643,231 shares of the company’s stock, valued at approximately $7,796,514.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 1,676,014 shares of company stock valued at $3,687,196. 27.20% of the stock is owned by corporate insiders.

The Carlyle Group Company 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.